Malls and big business establishments offering parking services in Nairobi will from March start paying between Sh500,000 and Sh2 million annually as a single business permit (SBP) fee, as City Hall seeks to widen its revenues.
The new development will see businesses with a capacity for 50 vehicles part with Sh500,000 every year while those with capacity for more than 100 vehicles will be charged Sh2 million. The development is likely to see malls increase parking fees as they pass the costs to motorists.
