Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Senegal’s new mobile money tax stirs fears over financial inclusion

Mobile money transactions. Photo @ Unsplash
Mobile money transactions. Photo @ Unsplash

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • New levy targets withdrawals and transfers above 20,000 FCFA
  • Economists warn poorer households and informal workers will be hardest hit

 

DAKAR, SENEGAL – Senegal has introduced a new tax on digital and banking transactions, sparking concerns it could weigh heavily on poorer households and undermine efforts to expand financial inclusion.

Sign Up To Our Free Newsletter

Recent Business

Industrial gas flaring. Photo by Yerevan Malerva @ Pexels
Algeria’s gas bet deepens amid Europe’s scramble for reliable supply
04/05/2026
16 hours ago
Justice Nwafor
Read More »
Africa start-up funding shifts as early-stage deals decline. Photo by Kay Asante @ Unsplash
Africa’s start-up boom on shaky ground: where have the early-stage bets gone?
04/05/2026
20 hours ago
Kingsley Kobo
Read More »
Bustling street scene in Fes Medina, Morocco. Photo by Abderrahmane Habibi @ Pexels
Morocco’s inflation rebound: why energy shocks are reshaping a fragile price recovery
30/04/2026
4 days ago
Justice Nwafor
Read More »
Custom Research

Recent Politics

The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
04/05/2026
13 hours ago
admin
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
21/04/2026
1 week ago
Kent Mensah
Read More »
Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
09/04/2026
3 weeks ago
Brandon Orion Mensah
Read More »

Latest Posts

Latest news insights

The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
Read More »
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
Industrial gas flaring. Photo by Yerevan Malerva @ Pexels
Read More »
Algeria’s gas bet deepens amid Europe’s scramble for reliable supply
Africa start-up funding shifts as early-stage deals decline. Photo by Kay Asante @ Unsplash
Read More »
Africa’s start-up boom on shaky ground: where have the early-stage bets gone?
Riders on the Gozem app. Photo @ Gozem website
Read More »
How IFC is quietly building Africa’s next credit infrastructure through super app Gozem
Industrial gas flaring. Photo by Yerevan Malerva @ Pexels
Read More »
Algeria’s gas bet deepens amid Europe’s scramble for reliable supply
Africa start-up funding shifts as early-stage deals decline. Photo by Kay Asante @ Unsplash
Read More »
Africa’s start-up boom on shaky ground: where have the early-stage bets gone?
Riders on the Gozem app. Photo @ Gozem website
Read More »
How IFC is quietly building Africa’s next credit infrastructure through super app Gozem
Bustling street scene in Fes Medina, Morocco. Photo by Abderrahmane Habibi @ Pexels
Read More »
Morocco’s inflation rebound: why energy shocks are reshaping a fragile price recovery
Africa start-up funding shifts as early-stage deals decline. Photo by Kay Asante @ Unsplash
Read More »
Africa’s start-up boom on shaky ground: where have the early-stage bets gone?
Riders on the Gozem app. Photo @ Gozem website
Read More »
How IFC is quietly building Africa’s next credit infrastructure through super app Gozem
Bustling street scene in Fes Medina, Morocco. Photo by Abderrahmane Habibi @ Pexels
Read More »
Morocco’s inflation rebound: why energy shocks are reshaping a fragile price recovery
GoldBod CEO Sammy Gyamfi (far right) and others inspect the first batch of locally refined gold at the Gold Coast Refinery. Photo by GoldBod
Read More »
How Ghana’s GoldBod turned a $487mn surplus into a blueprint for reclaiming Africa’s gold wealth