It has taken a pandemic as severe as Covid-19 to jostle Sub-Saharan Africa into action to bolster its vaccine production capacity and capability, ... argues Stavros Nicolaou of Aspen, Africa's biggest drug company. For the first time in the region’s history, the continent is pooling its resources and aggregating volumes to mount a collective and co-ordinated response for its coronavirus vaccine needs.
The digital services tax, which came into effect at the start of January, is 1.5% of gross transaction value. It is levied on the sale of e-books, movies, music, games and other digital content and applies to foreign companies. The government says the tax could generate up to $45m in revenue by June.
“It’s not the right time and not the right idea,” Pandit says from Nairobi. “There are other ways to generate revenue. Kenya may be shooting itself in the foot.”