Introduction of VAT Turns Kenyan Mobile Handset Market a Deeper Shade of Gray
Kenya's mobile handset market recorded year on year volume growth of 21.5% in Q1 2014, according to preliminary figures announced by IDC. While various economic and social factors continued to help push this growth, the positive quarterly performance was primarily driven by a vibrant gray market that was boosted by the September 2013 re introduction of VAT on handsets and other electronic devices.
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