Kenya

Global Launch of iPhone 15 Series On September 22, 2023, Apple launched the much-anticipated iPhone 15 series, making the innovative smartphone available in several countries. As is tradition, the official prices of the iPhone 15 series were posted on Apple's website. However, the final cost for consumers varies significantly due to import duties and taxes applied by different countries. This article explores the impact of these import duties and taxes on the final cost of the iPhone 15 series in three countries: Indonesia, India, and Kenya. Indonesia: Import Duties, Taxes, and IMEI Registration For Indonesian consumers, purchasing an iPhone 15 abroad comes with additional responsibilities. All mobile phones bought abroad must have their International Mobile Equipment Identity (IMEI) registered. Failure to register the IMEI of an iPhone 15 purchased abroad can lead to the phone being disconnected from the ce...

Kenya’s National Treasury has abandoned its plan to buy back part of the $2 billion Eurobond that matures in June 2024, saying that investors are not willing to sell before the bond’s maturity date. The Treasury had earlier indicated that it would repurchase at least half of the bond before the end of 2023, as part of its debt management strategy. Investors confident in Kenya’s fiscal policy Treasury Director of Debt Management Haron Sirma told The EastAfrican that the lack of interest from investors to sell their bonds reflects their strong confidence in the government’s fiscal policy stance. He said that the government cannot force investors to sell their bonds, and that it would explore other options to repay the bond in 2024. “Buy back is one of the strategies for 2024 but doubt whether investors are willing to sell before maturity of the bonds. It reflects strong investor confidence on government fiscal p...