Tourism agency taps banks to pay Sh2bn stimulus cash

Tourism Finance Corporation MD Jonah Orumoi (left) at a past event. PHOTO | CHARLES KAMAU

The Tourism Finance Corporation (TFC) has initiated talks with local banks to ensure the Sh2 billion tourism stimulus package reaches hotel operators.

Managing director Jonah Orumoi said the talks were aimed at enabling hotels, tour operators and airlines support local tourism access the funds to refurbish establishments and meet operational costs as they move towards full recovery.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.