The National Treasury wants to apply 16% Value Added Tax to fees charged by M-Pesa, Airtel Money, Pesapal, Kenswitch and dozens of other payment platforms. Although the levy targets platform operators, industry watchers expect higher costs to filter down to consumers, including diaspora Kenyans who send money home.
Kenya, known as Africa's Silicon Savannah, has built one of the continent's most dynamic technology ecosystems, from pioneering M-Pesa mobile money to hosting a thriving startup scene attracting billi...
Cookies on this site
We use cookies to keep this site running and, with your consent, to understand how visitors use it. You can change your choice anytime in our Cookie Notice.