In many African economies, 83% of the workforce operates informally. This reality leaves billions in unrealized revenue and missed opportunities to fund critical services like healthcare, education, and infrastructure. Without accurate transaction tracking, closing tax gaps and ensuring effective tax collection becomes a major challenge for governments.
E-Invoicing offers a transformative solution by digitizing and automating invoicing processes. This enables real-time transaction reporting, enhances transparency, and improves tax compliance – even within informal sectors. Our Virtual Fiscal Device Management System (VFDMS©) dramatically reduces implementation time from 4–6 years to just 9–12 months. A partial rollout in Zimbabwe even achieved a 5% boost in tax compliance within three months.
Watch the video below to see how e-Invoicing is improving tax collection and driving economic growth.
