Why is the use of mobile money in Tanzania declining?

Tigo Pesa

Governments across sub-Saharan Africa impose stiff and high taxes on mobile money services. In Tanzania and even Kenya, these taxes reverse past gains in financial services. Tanzanians have been using mobile phone services for less than two years, when the government imposed new taxes on mobile money transactions. In July 2021, Tanzania introduced a tax …

Read more

So far, AI is a money pit that doesn’t pay off

So far, AI is a money pit that doesn't pay off

Picture: jamesonwu1972 (Stock shutter) Silicon Valley has bet on productive artificial intelligence, but it’s not entirely clear whether the bet will pay off. A New report The Wall Street Journal claims that, despite endless hype about big language models and the automation platforms they power, tech companies Trying to make a profit on artificial intelligence. …

Read more