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Who is Winning Mobile Money Battle Between MTN, Vodacom, And Airtel Africa?

mobile money or FinTech, which has become big business for top mobile operators –
MTN, Vodacom, and Airtel Africa.
Database company, Statista, says for those people with no access to banking services, mobile money provides financial inclusion, a way to participate in the economy without a bank account.
The use of mobile money in Africa, one of the most underbanked regions globally, has skyrocketed.
In 2019, 200 million users made 24.46 billion mobile money transactions in Sub-Saharan Africa. The Middle East and Northern Africa accounted for 64.15% of all transactions made worldwide.
The mobile money space is undergoing rapid growth, with big African mobile operators jostling for a share. ....

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IRS Releases Final Carried Interest Regulations - Tax

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Asset managers should be aware that on January 7, 2021, the IRS
released final regulations (the
Final
Regulations ) implementing section 1061 of the Code,
which governs the character of carried interest gains allocated to
or derived by a service partner in an investment fund. Very
generally, the statute denies access to the 20% rate for long-term
capital gains attributable to a carried interest unless the holder
of the asset has a holding period of more than three years.
Capital gains for which long-term treatment is denied will be ....

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