31 st ANNUAL SEMINAR DATE: 19 th - 22 nd MAY, 2015 VENUE: - SAROVA WHITESANDS BEACH RESORT AND SPA - MOMBASA THEME: Towards making Kenya a regional
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1 31 st ANNUAL SEMINAR DATE: 19 th - 22 nd MAY, 2015 VENUE: - SAROVA WHITESANDS BEACH RESORT AND SPA - MOMBASA THEME: Towards making Kenya a regional investment hub 1
2 WHO WE ARE Tourism Fund is a body corporate established under the Tourism Act, 2011 which came into operation on 1st September, 2012 vide special issue Kenya Gazette Supplement No. 93 of 24th August,
3 OUR OBJECTIVES AND PURPOSE Include to finance:- Development of tourism products and services; Marketing of Kenya as a tourist destination through the Tourism Board; Activities of the Protection Service; Tourism research, tourism intelligence and the national tourism information management system; Activities of the Tourism Sector Safety, Communication and Crisis Management Centre; Training and capacity development activities; and To mobilize resources to support tourism-related activities 3
4 Our Functions Collect the tourism levy imposed under section 105 of the Act, Establish, Equip and Control tourism and hospitality training institutions, Establish a tourism training revolving fund among others
5 OUR PRESENCE COUNTY CLUSTERS BY REGION 1.Nairobi Region 1.Nairobi county 2.Makueni County 3.Machakos 4.Kiambu 5.Garissa 6.Marsabit 7.Kajiado 8.Garissa 9.Mandera 10.Wajir 5. Central Region 1.Isiolo County 2.Meru County 3.Tharaka Nithi 4.Nyeri County 5.Embu County 6.Kirinyaga County 7.Part of Laikipia 2. Coast Region 1.Mombasa County 2.Kwale County 3.Kilifi County 4.Taita Taveta County 5.Tana River County 6.Lamu County 1.Kisumu County 2.Kakamega County 3.Busia County 4.Bungoma County 5.Bomet County 6.Vihiga County 7.Siaya County 8.Homa Bay County 9.Migori County 10.Kisii County 3.West Kenya Region 11. Nyamira County 12. Kericho County 13. Turkana County 14. West Pokot County 15. Trans Nzoia County 16. Uasin Gishu County 17. Elgeyo Marakwet 18. Nandi County 4. Rift Valley Region 1.Nakuru County 2.Samburu County 3.Baringo County 4.Nyandarua County 5.Narok County 6. Part of Laikipia County
6 Reinvigorating Kenya s tourism sector: The Case for supporting local tourism 6
7 Enhancing Local Tourism in counties partnership Areas Development of policies, strategies and plans Development and management of tourism products and services Tourism financing and development Tourism regulation and standardization Meetings, travel incentives, conferences and exhibition (mice) Research, advisory, training and capacity building Preservation of heritage and culture Destination Marketing
8 Status of the Tourism Industry in Kenya Challenges Inadequate funding Safety & Security Lack of coordinated and regulated tourism area plans Lack of incentives for investment (land, tax free) Inadequate accommodation facilities Lack of continuous training and capacity building Disappearing of cultural heritage and artefacts Lack of strong appreciation by various communities on benefits tourism. Among others..
9 ROLE OF ACCOUNTANTS IN PROMOTING LOCAL TOURISM Provide prudent financing management to prospective and current entrepreneurs within the tourism establishment. Benefits. 1. This will enable operators within the industry to comply with the tax/levies such as the 2% tourism Levy 2. Transferring good accounting systems to hotel operators will enable them access financial assistance i.e loans, grants etc 3. Ethical accounting will provide tourism operators with regular financial health status that will enable sound financial decision making
10 ROLE OF ACCOUNTANTS IN PROMOTING LOCAL TOURISM Assisting in embracing professionalism by professional working in the in tourism industry
11 HEAD OFFICE. Our contacts NHIF Building, Car Park Tower 5 th Floor, P.O Box , Nairobi, Kenya Tel: /1/2/6/7/9, Mobile: , , Fax , Toll Free: / info@tourismfund.co.ke Website: Regional offices Nairobi Regional office NHIF Building, Car Park Tower 5th Floor, P.O Box , Nairobi, Kenya Tel: Coast Regional Office Sheetal Plaza 1 st Floor Aga Khan Road P.o Box Mombasa, Kenya Tel: Western Regional Office Reinsurance Plaza 7 th Floor Oginga Odinga Road P.O Box Kisumu, Kenya Tel: Rift Valley regional office AFC Building, Mezzanine Floor, Kijabe off Kenyatta Avenue P.O Box Nakuru, Kenya Tel: Mt. Kenya Regional office Sohan Plaza 4 th Floor Nyayo Road P.O Box Nyeri, Kenya Tel:
12 12
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