Mpesa

UBER AFRICA LAUNCHES DIGITAL WALLET

Uber is launching its Uber cash digital wallet feature in sub-saharan Africa through a partnership with San Francisco based Nigeria founded fintech firm Flutterwave. There are different top-up methods available, Kenyans will use Mpesa. Alon Lits, Uber's general manager for sub saharan Africa says that Uber cash will go live this week with the aim to increase Uber's ride traffic in Africa by boosting the volume of funds sent to digital wallets and reducing friction in the payment process.

KRA'S RESTORED POWER TO SNOOP ON MPESA AND BANK ACCOUNTS

The Court of Appeal has restored KRA’s power to snoop on tax evaders’ MPESA and bank accounts. In a ruling, the court argues that hindering KRA from accessing the information may cripple the agency’s mandate to collect taxes.

Furthermore, the court felt that KRA would suffer irreversible loss of huge sums of money. The reinstated section of the law will compel third-party firms such as telcos, banks, and schools to share information on persons and firms suspected to be evading taxes.