
Uganda has adopted the National Identification Number (NIN) as its new tax identification number, according to Techpoint Africa's Techpoint Digest. The same edition reports that Kenyan telecom operators face a six-month waiting period before reassigning dormant SIM cards, and that Nigerian fintech company Nomba has raised $3 million to support its cross-border payments operations across the continent.
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Uganda's Cabinet, meeting at State House Entebbe, has approved phasing out the standalone Tax Identification Number (TIN) for individuals, replacing it with the National Identification Number (NIN) for all transactions. According to Business Times Uganda, the change affects every taxpayer in the country, meaning individuals will use their NIN rather than a separate TIN when conducting tax-related and other official transactions.
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