Coronavirus

Customers are served inside the Safaricom mobile phone customer care centre in the central business district of Nairobi
telecoms tax

How has Africa’s mobile money market adapted to the pandemic? 

Covid-19 led to widespread regulatory limits on mobile money transaction fees to boost financial inclusion through the pandemic. How have the ... controls impacted mobile money operators, which earn 80%+ of revenues from transaction fees? It looks like the controls are here to stay in some countries. In others, like Tanzania, Vodacom and Airtel successfully lobbied to remove a mobile money tax.

Article 8/8 of "Digital Africa"

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RISKS AND REWARDS

Vaccine rollout, debt and climate change pose risks to Africa’s ‘fragile’ recovery – World Bank

As Africa emerges from the economic shadow of Covid-19, the threat of climate change looms large on one of the regions worst-affected by adverse ... weather events, according to the World Bank’s latest Africa’s Pulse. The continent is projected to grow by 3.3% in 2021, but still lags behind developed economies, which have benefited from massive coronavirus vaccine rollout programmes and substantial fiscal stimulus packages.

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