Commission Rate Changes
Today, we write to share an important update that directly impacts our partnership. Effective August 1st, 2023, we will be adjusting our commission rates from 80% to 70% for Kenyan residents.
You are all aware of what has been happening in Kenya since the Finance Act 2023 was passed. Our industry has seen a rise in operational costs due to the introduction of new taxes by the government that target the digital economy.
Faced with this situation, we found ourselves at crossroads, and we explored two options: either to cease operations due to the increased tax burden or to make necessary adjustments to the commission rates. Through consultations with some of you, we arrived at the decision not to shut down the platform but to reduce the commission to 70% to residents.
We understand that these changes may impact your earnings, and as a result, we recommend considering adjusting your product prices to cover any potential losses resulting from these changes.
The changes will come into effect on August 1st, 2023.
If you have any questions or concerns regarding this update, please do not hesitate to reach out to our support team.