Kenyan content creators have a reason to celebrate, as they are due to add one more important revenue stream. This is because Meta, the company that owns both Facebook and Instagram, has announced that it will be adding Kenya to countries eligible for monetisation.
President William Ruto, who was present during the announcement, lauded the efforts of Meta in allowing Kenyan creators to make a living from their platforms.
“In a few weeks, many of you will be eligible. I've gotten a commitment that by June all our creators will now have an opportunity to monetise everything they do in that space,” he said.
Moon Baz, Meta’s Global Partnerships Lead for Africa, the Middle East, and Turkey, reiterated:
“We are very happy to announce that we’re going to have instream ads available on Facebook starting early summer maximum.”
This is great news for content creators. However, before earning from Facebook, you have to meet the eligibility criteria.
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According to Moon Baz, the following are the milestones you need to have achieved on Facebook for you to be eligible.
She also explained how the revenue share with creators is set up. For instream ads, the revenue share is 55% for the creator and 45% for Facebook. On the other hand for Facebook Stars, Facebook only takes 20% and the creator gets 80%.
However, these are just the highlights of the monetisation policy. Facebook has two major policies that guide monetisation. The Partner Monetisation Policy and the Content Monetisation Policy.
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Currently, Facebook monetisation is only available in 53 countries across the world. In Africa, Kenya is set to become the third country to be eligible for monetisation after South Africa and Egypt.
For Kenyan creators, monetisation eligibility will have a huge financial impact, and comes at a time when the government is pushing for young people to earn from digital platforms.
Here are things creators need to pay attention to in order to be monetised.
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Monetisation capabilities are expected to be available to Kenyans by June 2024. The President urged Meta to expedite the process and even have it activated before June.
"I want to encourage Meta; if we can do it before June, it will be a very welcome surprise to many of these good people."
In addition, the president expressed that he had been informed that the payment system will also be integrated with M-Pesa to make it easier for creators to access their payouts.
“I am also very happy that the monetisation exercise is also going to be available on M-Pesa…”
Additionally, Meta will be conducting virtual workshops to help Kenyan creators take advantage of monetisation.
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The digital economy and the creator economy are experiencing significant growth in the country. Developments such as Facebook content monetisation add to the growing momentum in the space. This move will allow Kenyan content creators to add another stream of income, allowing more and more creators to support themselves.
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