The Communications Authority of Kenya (CA) will implement new regulations to boost tax revenue from mobile devices. These measures, effective January 1, 2025, will impact various stakeholders in the mobile device ecosystem, including importers, assemblers, retailers, and mobile network operators. Key Regulations IMEI Registration: Local device assemblers must upload IMEI numbers of assembled devices to a Kenya Revenue Authority (KRA) portal. Importers must disclose IMEI numbers in their import documents submitted to the KRA. These measures will ensure the registration of devices in the National Master Database of Tax-Compliant Devices. Retailer and Wholesaler Responsibility: Retailers and wholesalers must verify the…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
Afreximbank, a Pan-African trade finance institution, doubled its support for Africa’s burgeoning creative industries. The bank will allocate $2 billion over the next three years to the Creative Africa Nexus (CANEX) program, doubling its previous commitment. Since 2022, Afreximbank has seen a significant increase in opportunities within industries, from film production and music to fashion manufacturing and sports. The announcement was made during the CANEX WKND 2024 event in Algiers, Algeria, and underscores Afreximbank’s dedication to empowering Africa’s creative economy. “This will enable us to support significant infrastructure investments for film production, stadia, arenas, manufacturing facilities for fashion, and training…
Kenya Wine Agencies Limited (KWAL) launched Kibao Gin, a premium gin targeting young Kenyan adults seeking unique, high-quality spirits. Kibao Gin offers a fresh, juniper-forward taste, crafted for discerning consumers who value unique flavors and experiences. According to KWAL Commercial Director, Jonas Geeraerts, Kibao Gin is crafted for a bold new generation of discerning consumers seeking unique and pronounced flavours, including juniper-forward profiles, botanical blends, and natural, refreshing ingredients. “They are ambitious, adventurous, and eager to try new things and experiences, including when socializing with friends. Kibao Gin is a versatile, mixable gin that caters to this curiosity,” said Mr.…
Ogilvy Africa has introduced OBrio, a cutting-edge media intelligence platform designed to provide businesses with unparalleled clarity and control over their marketing performance. OBrio aggregates data from various channels, including traditional media, digital marketing, social media, mobile apps, and websites, into a single, actionable dashboard. This allows businesses to monitor and compare performance across all marketing efforts and make data-driven decisions. The platform’s proprietary OBrio Score offers a unified metric that assesses overall marketing effectiveness, considering factors such as reach, engagement, sentiment, conversions, and more. This provides businesses with a clear picture of their marketing impact and ROI. OBrio delivers…
JPMorgan Chase Bank N.A., a leading American financial conglomerate, has been granted permission by the Central Bank of Kenya (CBK) to establish a representative office in the country. The representative office will serve as a marketing and liaison hub for JPMorgan Chase, facilitating business development and fostering relationships with local clients and partners. “This authority is granted pursuant to Section 43 of the Banking Act and follows the fulfilment, by JPMorgan Chase Bank N.A., of the stipulated authorisation requirements,” CBK said. While the office will not conduct full-fledged banking operations in Kenya, it will provide a platform for JPMorgan Chase…
Safaricom has extended its M-PESA Global service to Ethiopia, enabling customers to send and receive money between Kenya and Ethiopia. This expansion aims to increase mobile money usage and promote economic growth in the region. Elsa Muzzolini, Chief Financial Services Officer of Safaricom Ethiopia, highlighted the collaboration’s significance in facilitating safe and affordable cross-border transfers. She noted that the move aligns with the National Bank of Ethiopia’s recent foreign exchange policy reforms and the growing demand for digital payments among the Ethiopian diaspora and businesses. “Our M-PESA Ethiopia customers should now be able to receive safe and affordable transfers from…