Dear Listers,
Before Dr. Njuguna Ndung’u became the National Treasury CS, in 2019, in a policy brief, he wrote that gains made to advance financial inclusion in Kenya would likely be erased due to the continuous higher taxation of mobile money services. Time will tell now that his team crafted the Finance Act 2023. Here is the brief Taxing mobile phone transactions in Africa: Lessons from Kenya (brookings.edu)
David Indeje
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+254 (0) 711 385 945 | +254 (0) 734 024 856
