Tech builds the future for Africa’s youth, providing jobs, opportunities and access to knowledge. As the ecosystem gets ever more crowded with talent, The Africa Report launches its first ranking of the digital economy’s power players
Africa’s two biggest mobile money markets – Kenya and Ghana – were early movers to scrap fees on mostly smaller transactions soon after the pandemic hit in early 2020. Other African nations soon followed with fee limits and mobile money tax relief.
Regulators and central banks in more than 20 African countries paused or reduced mobile money taxes while raising limits and imposing transaction fee restrictions or waivers on mobile service providers.