Business

NEW MPESA AGENT COMMISSION STRUCTURE FOR 2019

Published

4 years ago

July 1, 2019

The new 2019 Mpesa commission structure is aimed at ensuring agents getter better rewards on high-value transactions and as an incentive to hold adequate float. As a result, deposit commissions have increased by 12% – 170% across the bands as seen in the table below.

With this tariff review, Safaricom has also introduced the lower band of Kshs 10 – Kshs 49 for transfers and micropayments to enable more Kenyans to use the services hence driving Financial Inclusion. Safaricom has added an additional 11 transaction bands to curb split and direct deposits for which you suffer serious penalties through unscrupulous agent assistants.

The detailed 2019 Mpesa agent commission structure for deposits is as shown below.

Transaction Band		Commission (Ksh)
50	100	4
101	510	8
511	1,010	9
1,011	1,510	10
1,511	2,510	11
2,511	3,510	12
3,511	5,010	14
5,011	7,510	20
7,511	10,010	28
10,011	15,010	40
15,011	20,020	55
20,021	25,020	71
25,021	30,020	87
30,021	35,020	103
35,021	40,020	119
40,021	45,020	135
45,021	50,020	150
50,021	60,020	190
60,021	70,000	190

Safaricom also re-looked at the withdrawal commissions and reduced the commissions in some of the bands as highlighted below and kept others constant in an effort to encourage more deposit transactions.

The detailed commission structure for withdrawals (Registered and Unregistered) is as shown below.

Mpesa Agent Commissions for Withdrawal Transactions
Transaction Bands		Commissions (Registered Customers)	Commissions (Unregistered Customers)
10	49	N/A	N/A
50	100	5	N/A
101	500	8	8
501	1,000	10	10
1,001	1,500	12	12
1,501	2,500	15	15
2,501	3,500	20	20
3,501	5,000	25	25
5,001	7,500	30	30
7,501	10,000	35	35
10,001	15,000	45	45
15,001	20,000	60	60
20,001	25,000	65	65
25,001	30,000	70	70
30,001	35,000	70	70
35,001	40,000	100	N/A
40,001	45,000	150	N/A
45,001	50,000	180	N/A
50,001	70,000	200	N/A

At the end of the month, the commission earned is paid to the MMF account of the organisation less the 5% withholding tax. The organisation can decide to withdraw the cash or transfer it to float account.

Business

Startimes unveils an all women TV Channel

Published

4 years ago

August 6, 2019

Edwin Rotich

Pay television Company Startimes on Monday 5th August unveiled a new TV channel dubbed Rembo TV that airs local content whose target audience will be women.

The Pay TV company has put a Sh 200 million investment towards the company’s progressive efforts for the development of local content that will be available to the platform’s subscribers through the self-produced channel, Rembo TV.

Kenya Film Commission Chief Executive Officer Mr Timothy Owase noted the continued investment in local production as an indicator of the growth experienced in the industry with the commission aggressively positioning Kenyan productions to rival other competing industries in neighboring Tanzania and Nigeria.

He also challenged the industry to cover all thresholds and not just women because the local audience is looking for content that they can relate with. His counterpart from the Kenya Films Classification Board (KFCB), Ezekiel Mutua specifically challenged Startimes to come up with a channel that will target the boychild.

Speaking at the unveiling ceremony, Startimes CEO Mr Andy Wang noted that the company has responded to the growing appeal for authentic Kenyan content that subscribers can easily relate with as it rolls out exciting fresh shows that are expected to sustain the channel’s subscriber appeal moving forward.

“Our investment in Rembo TV is a statement of our long term commitment to the Kenyan market. As the 24-hour channel goes live, we intend to be home of uninterrupted entertainment attending to our subscriber demand for reality TV shows,” Wang said.

The company has partnered with over 30 content developers in the country towards the development of Rembo TV an entertainment channel with a key focus on reality television shows targeting the women audience and with a language policy comprising of 60% Kiswahili, 30% English and 10% vernacular.

Rembo TV will be available across three East African countries that is Kenya, Tanzania, and Uganda thereby presenting an enviable platform to market Kenyan productions across the region.

The channel will be available on all StarTimes bouquet options both terrestrial and satellite platforms with the company eyeing growth in subscriber retention as well as listing new subscribers keen on the improved content towards growing the pay-television company’s market share.

Betting

TAX COMPLIANT BETTING COMPANIES IN KENYA

Published

4 years ago

July 25, 2019

Edwin Rotich

KRA has cleared 10 betting companies which have complied with the government tax regulations.

They are: OdiBets, Ken Bookmakers, Lucky 2u, Eazi Bet, Kick off, Betway, Mozzartbet, Eastleighbet, Palms Bet and Bet boss.

Last week, the government failed to renew licenses for 27 betting firms, despite the affected firms claiming to have complied to set regulations.

On April 1, Cabinet Secretary Interior and Coordination of National Government Fred Matiang’i vowed to introduce tough measures to regulate betting sector, which he accused of leading youths astray.

He gave all firms three months up to July 1 to seek fresh renewal of licenses upon proving tax compliance.

Among the conditions that betting and gaming firms had to meet before having their licences renewed is to be tax-compliant.

The state had failed to renew licenses for Betin, Betway, Betpawa, Premierbet, Lucky 2 U, 1X Bet, Mozzartbet, Dafa bet, Sportpesa, World Sport Bet, Atari Gaming, Palmsbet and Betboss. Others are Betyetu, Elitebet, Bungabet, Cysabet, Nestbet, Easybet, Kick Off, Millionaire Sports Bet, Kenya Sports Bet and Eastleighbet.

Betting

List of Betting Companies that have NOT been Closed in Kenya

Published

4 years ago

July 11, 2019

Edwin Rotich

A total of 19 betting companies may be closed by the government. According to Interior CS Fred Matiangi,the President has given his ministry the green light to deal with the betting industry so as to bring back sanity among the youth.

The only 7 betting companies whose licence has been renewed are: