Safaricom Cautions Kenya Over Higher Taxes

Wednesday, September 18, 2013

VENTURES AFRICA – Kenyan mobile operator, Safaricom, has warned the government that further increases in Excise Tax – a duty levied on goods or services for sale – will make mobile payment services less affordable for poorer citizens.

Safaricom’s mobile payment service, M-Pesa, has already been slapped a 10 percent tax, for which the telecom company was forced to swallow $4.6 million in cost, to relieve its customers from the pricy burden.

Source: Ventures Africa (link opens in a new window)

financial inclusion, governance