Digital Code lifting Africa out of poverty

Binary code is a series of 0’1 and 1’s and thanks to the digital revolution that has since unfolded, these series of 0’s and 1’s and is, in multiple digits, lifting Africa out of poverty. Take Tanzania for instance, a low income East African nation that now has the capacity to increase its annual tax base by a whopping USD 477 million should it better regulate, promote and develop the digital money industry in the country. Other than the financial gains that are all too obvious, using digital transactions allows for increased transparency in government payments and reduced bureaucratic inefficiencies across most all government ministries and agencies. Tanzania ranks way up there in Africa’s digital money penetration. In just a handful of years, Tanzania’s mobile money penetration has been unprecedented. With it, “Tanzania is building a firm foundation for strong and inclusive growth and we look forward to further progress,” local media quotes United Nations recent findings. Dr. Ruth Goodwin-Groen, the Managing Director of Better Than Cash Alliance a UN advocacy for digital money is quoted praising Tanzania’s digital penetration and its positive effects. “Tanzania’s results in driving the shift from cash to digital payments are very impressive. The country