Nairobi, March 16 -- Land transaction fees, levies and charges will rise sharply if Parliament approves new regulations aimed at collecting Sh59 billion annually, up from the current Sh14 billion, in non-tax revenue.

The Ministry of Lands has tabled in Parliament fresh regulations that will also see a rise in land rent payable by owners of leasehold land and freehold land every 10 years.

Cabinet Secretary for Lands, Housing, Public Works and Urban Development Alice Wahome gazzeted the regulations in November last year.

"Implementation of these regulations will lead to increased revenue collections as it is projected that the current collections of Sh14 billion will increase to Sh59 billion per year," Ms Wahome said in the explanatory m...