OTT Tax: Facebook denies holding back Uganda investments
17 August 2018
Facebook has refuted media reports claiming it is freezing its investments in Uganda in response to the government's social media tax. Authorities imposed the tax under the revised Excise Duty (Amendment) Bill 2018, effective in July 2018.
Regional media reported that Facebook's head of African public policy Kojo Boakye told the Ugandan Communications Commission (UCC) that the company would stop further investment in the country because of the negative impact of the tax on its business model.
Reports also specified that the social network would put a stop to major tech projects in Uganda, including the US$170 million 770km fibre collaboration understood to involve BCS and Airtel. Read the full article on ITweb Africa here.