June 28, 2013

Africa levies taxes on mobile money transfers.

Kenya levied a tax on mobile-money transfer systems at the turn of the year. That was largely aimed at soaking up some of the profits generated by M-PESA, a simple phone-based service operated by Safaricom that acts as a bank account and debit card for millions of Kenyans. Uganda followed suit this month, extending excise duty to all mobile-related activities; and Tanzania is expected to copy them.

[via The Economist]

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