Kenyan Wall Street | by Jackson Okoth
Safaricom Plc, Kenya’s largest mobile network operator, is on an intense lobby to have the free KSh 1,000 cash transfer offer, on its M-Pesa platform, lifted before the end of this month.
While the Central Bank of Kenya (CBK) instructed banks and payment services providers to waive charges on mobile money and mobile banking transactions, Safaricom has been loud in seeking the waivers not to be extended beyond December 2020.
Treasury has already reverted to the standard VAT tax band of 16% which was lowered to 14% while…
