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Ghana’s finance minister Ken Ofori-Atta has announced that the government intends to introduce a 1.75% tax on electronic financial transactions (e-levy) in the 2022 budget. He said this was to “widen the tax net and rope in the informal sector”. The levy will cover all electronic transactions, including mobile money, bank transfers and other remittances, merchant payments. It will be borne by the sender, except for inward remittances, which will be borne by the recipient.

Read more: Ghana to introduce new e-levy on electronic transactions

Smart address verification tech-driven product in Nigeria was recently launched by a Kenyan digital addressing system startup, OkHi Limited, and Interswitch Group, to focus on digitizing payments on the continent. After this launch, Quickteller, Interswitch's payments and wallet service, becomes the first Nigerian company to use OkHi's new service.

Read more: Nigeria sets in motion a new digital address verification system

Telecommunications companies are facing the growing need of people to be connected to various global networks. As a consequence, telco providers are competing to provide them with the fastest, most affordable, and innovative services. To support this rapid growth, telecom companies need to solve the problems posed like managing data, controlling cost, and developing new services.

Read more: Robotics and automation: a boon or a bane?

Heading into 2022, telecom companies have an even larger role to play as the fifth generation of wireless technology begins to gain traction among enterprises and consumers alike. 5G deployment has been on the fast track with nationwide efforts done to achieve mainstream adoption. In fact, in four-year time, 4.41 billion people will be able to use 5G services. This represents 53% of the world population, according to an analysis by Bankr.

Read more: The next G wave: 6G is coming soon

Telecom Review is hosting a virtual panel under the theme of “Digital transformation driving the next phase of innovation” on November 10 at 4 pm (Dubai time). This panel will give C-level speakers the opportunity to discuss cloud’s role in digital transformation, meeting emerging opportunities and challenges, investing in digital skills to meet digital transformation goals, and the requirements and progress to build a digital world.

Read more: Join our upcoming panel to know the latest trends of digital transformation

It has been revealed on the sidelines of GITEX 2021 that the Egyptian government is in the midst of setting the legal framework for the frequencies and licenses for 5G in order to begin proper deployment of 5G especially since it is an advanced technology that will bring a new breath to the Egyptian economy and improve the services received by the end-user.

Read more: Egypt to draft 5G spectrum and licenses regulations

ST Engineering iDirect, a global leader in satellite communications, announced that Kacific, a leading satellite broadband operator in Asia Pacific, has successfully deployed its pioneering Mx-DMA® MRC (Multi Resolution Coding) technology in conjunction with its first Ka-band satellite, Kacific1, to provide high-speed, low-cost, ultra-reliable broadband to rural and suburban areas of the Pacific and Southeast Asia.

Read more: Kacific to deploy ST Engineering iDirect’s Mx-DMA® MRC toward increasing digital inclusion across...

Temenos, the banking software company, announced that Midbank, a universal bank in Egypt providing retail, corporate, and investment banking services, has selected Temenos' open banking platform to power its digital transformation. The bank will implement Temenos transact as its core product and Temenos Infinity digital banking platform to replace its legacy systems and streamline its systems and processes as part of a visionary IT transformation strategy. The Temenos banking platform will enable Midbank to meet customers' future needs and the bank's strategic goals as an agile, high-touch and high-tech bank.

Read more: Temenos to empower digital transformation

To improve telecoms coverage on five strategic national roads, Egypt's National Telecommunications Regulatory Authority (NTRA) announced a financial bundle of $20.6 million. The telecoms regulator stated that a limited call for tender will be available soon for authorized companies to start and operate telecom base stations in the country.

Read more: Egypt’s telecom regulator provides fund to upgrade national roads

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