In April 2024, Orange, a competitor of Telecel, was confronted by the government after the company increased transaction fees on its mobile money platform in response to a new 1% tax.
The Ministry of Finance and Budget has closed the offices of mobile operator Telecel Centrafrique, according to local media reports. The telecom company is accused of failing to pay taxes amounting to about 2.7 billion CFA francs ($4.4 million).
Local media report that Telecel has shown no intention of paying the 7% tax on final calls imposed by the government in the 2023 finance law, which came into effect in February 2024. Five months later, the operator's bill stands at 689 million CFA francs. Additionally, unpaid taxes are amounting to about 2 billion CFA francs.
If this situation persists, it could affect the quality and availability of Telecel's services in the Central African Republic. On social media, the company's customers have been complaining about poor service quality for several days. This could lead them to switch to competitors.
Telecel Centrafrique claims to be the "market leader in subscriber numbers and revenue." It competes with Orange, Moov Africa, and the historical operator Socatel in a market of about 1.8 million mobile subscribers (DataReportal).
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Burkina Faso’s Mining Development Fund raised CFA85.72 billion ($152 million) in 2025. Authorities allocated 59% of the funds to the Patriotic...
Climate change could reduce Somalia’s GDP by up to 13.5% by 2060, according to a World Bank report. Agriculture accounts for more than 70% of GDP...
Mozambique’s private sector discusses technical cooperation with Thai rice industry players to boost local production. Mozambique produces less...
Kenya’s foreign exchange reserves increased to $14.59 billion on March 5, up from $12.53 billion a week earlier. The reserves now...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...