Ghana's E-Levy Bill Is Officially Passed. What Now?

This week, the majority in Ghana’s Parliament officially passed the controversial “E-Levy” bill.

The bill will officially place a 1.5% tax on digital transactions including bank transfers and mobile money. The bill has officially been signed into law but there are some speculation that it will be challenged at Ghana’s Supreme court which may render the bill null and void.

However, if the court sides with the bill, the 1.5% tax will take effect from May 1st.

Here are all the details you need to know about the E-Levy Bill.

Onto to this week’s news:

MEST Africa Announces First Cohort For Its 2022 Express Accelerator Program With Fifteen Startups

MEST Africa and the Mastercard Foundation have announced the first cohort of the 2022 MEST Express Accelerator program

Tushop Raises $3 Million In Pre-Seed to Scale Community Group-Buying in Kenya

Tushop, the Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured $3M in a pre-seed funding round.

SWVL And Moove Announce Partnership To Rollout Electric Buses

Swvl, Inc. (“Swvl”), a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, today announced that they have entered into a partnership

Fantasy Football Platform Eksab Secures $3M Seed Round, Led by 4DX Ventures

Cairo-headquartered daily fantasy football platform, Eksab has secured a $3M Seed funding round