According to the International Financial Centre (IFC), Africa has a credit gap of $330 billion. Some estimates put this figure as high as $800 billion. Due to low banking penetration,…
Agriculture is a cornerstone of Uganda’s economy, significantly influencing both employment and GDP. The sector employs approximately 70% of the population, with estimates suggesting that up to 72% of the…
I visited the Victoria University website to make a few inquiries at around 4 AM in the early morning. When the page finished loading, I saw an AI assistant called…
South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion. Founded in…
In a move that sparked widespread controversy, the Kenyan government recently announced a $2.047 billion deal with Adani Airport Holdings Ltd., an Indian conglomerate founded by Gautam Adani, to expand…
As the world continues to evolve, the advent of artificial intelligence (AI) has sparked a transformation across various sectors, including healthcare, agriculture, and education. As Ugandans embrace and understand AI…
The Rwandan government has renewed its commitment to promoting electric mobility by extending the zero-rated import duty on electric and hybrid vehicles until the end of the fiscal year 2024/25….
Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for…
As Uganda’s population increasingly embraces the digital age, the country’s internet landscape is undergoing a significant transformation. The once-dominant players, Airtel and MTN, now face stiff competition from a growing…
The startup ecosystem in Uganda has experienced remarkable growth over the past five years, with an increasing number of entrepreneurs launching innovative ventures across various sectors. As these startups seek…
