Kenya Maritime Authority Act

16. Financial targets and performance indicators

Edition: 2022-12-31 · In force

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16. Financial targets and performance indicators

When preparing the financial plan, the Authority shall consider—

(a)the need for high standards of maritime safety;

(b)the need for a high standard of protection for the marine environment;

(c)objectives of this Act and Government policies;

(d)any direction given by the Cabinet Secretary under this Act;

(e)any payments by the Government to the Authority to fund functions referred to in paragraph (g);

(f)the need to maintain a reasonable level of reserves, having regard to estimated future infrastructural requirements;

(g)the need to earn a reasonable rate of return on the Authority’s assets, including assets wholly or principally used in the performance of functions that are directly funded by the Government; and

(h)any other commercial consideration the Authority considers appropriate.

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Source: Kenya Law