A year after introducing a new mobile money tax, the Tanzanian government is looking to boost the sector. Starting in October, Tanzanians will wave goodbye to transfer fees on withdrawal of cash through bank agents and ATMs for transactions less than $12.81.
Weeks after it announced that it was laying off 10%of its workforce, Safaricom-backed logistics startup, Sendy has fully transitioned into a B2B business. Its product Sendy Transport is now exclusively available to only businesses.
Edukoya is one of the latest African startups to have laid-off employees.According to the company, it laid off four employees in order to optimise its teams. Ex-employees, however, say the startup has laid off "most" of its staff in a plan to pivot into fintech.
Months after it exited Tanzania for similar regulations, Uber has appealed to the Kenyan supreme court to contest a regulation that will force it to reduce limit its commission rates to 15%.