5% US Remit Tax Rattles Africa’s Fintechs
A CONTROVERSIAL bill introduced by Republican lawmakers in the United States is sending shockwaves through Africa’s burgeoning fintech ecosystem. The legislation, which seeks to impose a 5 percent tax on money transfers sent by non-citizens, could severely disrupt the remittance channels that serve as a lifeline for millions across the African continent. The proposed law would require money transfer … Read more