Bataung Qhotsokoane

The Central Bank of Kenya proposes a 20% tax levy on digital loans.

Amendments to the Excise Duty 2015 of the Finance Bill were submitted in parliament last week, and if passed by a majority, will allow Kenya's 120 digital lenders to pay a 20% charge to the Central Bank of Kenya.

Shipments of smartphones fell in the first quarter - Afrikan Markets

In the first quarter of 2022, smartphone suppliers shipped a total of 19.7 million handsets across Africa. For the first quarter of 2022, this equates to a 15.7 percent decrease year over year (YoY) (Q1 2022).