McTim, Such a loan model has been successful in the Cooperative movement for years and the sector remains as one of the key economic drivers in the country. All SACCOs remit certain fees to KUSCO (the regulator) which besides using the fund to develop the sector, lends part of it to SACCOs at a special rate. This is a homegrown model and i believe it works. Besides that levy/ fund would be adding more or direct value to the operators as compared to other taxes such as VAT, e.t.c. which though equally important, they are used for general govt expenditure. These are my thoughts Akich Kwach ----- Original Message ----- From: "McTim" <dogwallah@gmail.com> To: <kwach@archway-productions.com> Cc: "KICTAnet ICT Policy Discussions" <kictanet@lists.kictanet.or.ke> Sent: Tuesday, October 27, 2009 2:41 PM Subject: [kictanet] Telecoms firms oppose 1pc universal fund
http://www.theeastafrican.co.ke/news/-/2558/676810/-/item/0/-/itq5ov/-/index...
"Telecommunications operators in Kenya have opposed plans by the industry regulator to levy a one per cent fee on their gross annual income to set up a universal fund.
The bone of contention is that the Communications Commission of Kenya (CCK) plans to collect the levy under the proposed Universal Service Fund, and thereafter lend the money to the same entities as commercial loans. "
Is this notion of loans shocking to anyone else?
-- Cheers,
McTim "A name indicates what we seek. An address indicates where it is. A route indicates how we get there." Jon Postel
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