Debt collector aids Kisumu in recovering Sh200 million

Kisumu county has collected Sh200 million in the last three months after it hired a debt collector to help recover Sh20 billion owed by several businesses.

Governor Anyang Nyong’o’s administration in May sought the services of Collection Africa, a debt collection firm, to help recover the debt.

The debt as accumulated since 2018, an 11 year period. Unpaid land rates form its bulk.

Yesterday, County Chief Finance Officer Erick Angwenyi confirmed that the money had been remitted to the county’s coffers.
‘’We have managed to recover Sh200 million. This initiative is bearing fruit and we look forward to improving our revenue proceeds,’’ Mr Angwenyi said.

This is the first time the county has hired a debt collector. The hiring comes after a recent Auditor General’s report  raised queries on the county’s declining revenue.

According to the report, property owners have been defaulting on land rates and house rents.


For more of this story follow this link:https://www.standardmedia.co.ke/business/article/2001338709/debt-collector-aids-kisumu-in-recovering-sh200-million

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