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Tanzania’s new mobile money tax is a blow to the booming sector

A new government levy on mobile money introduced last month in Tanzania has sparked outrage from citizens due to the significant increase in costs. With 26 million people, almost half the country’s population, using mobile money the surge in prices has been felt widely.

The tax, which has increased the cost to send, withdraw, and transfer money to the bank, was met with uproar from customers. As a result, the government has agreed to review the charges. Dr. Mwigulu Nchemba, the Finance and planning minister said that the president heard people’s complaints and has instructed the government to review the law. No changes have yet been made.

Read more: Quartz Africa

 


 

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