*Bankers in Kenya have expressed their delight at the High Court's decision to temporarily suspend a “Robin Hood” tax on bank transfers of over 500,000 shillings ($5,000) imposed at the start of the month.*
Nuru Mugambi, director at the Kenya Bankers Association (KBA), which took the matter to court, told Reuters on Thursday, there were several areas where it would be impractical to implement the tax of 0.05 percent. The court said it will hear the suit on Sept. 17.
“The tax will adversely aff…
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