Tanzania Mobile Money Levy Impact Analysis (1st July 2021 – 31st March 2022)

Monday 27 Jun 2022 |

Tanzania Mobile Money Levy Impact Analysis (1st July 2021 – 31st March 2022) image

Mobile money is a key driver of socio-economic growth by creating employment, driving business productivity, facilitating savings and facilitating investment, contributing to formalising the economy, and providing stability during economic downturns. It is a main driver of financial inclusion, contributing directly to Tanzania’s economic growth and social development objectives.

This report analyses the impact of a new levy on mobile money transactions in Tanzania. The analysis covers the first nine months’ period after the introduction of the levy, from July to March 2022.