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,...
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...
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...
Artificial Intelligence (AI) has emerged as a transformative force, reshaping the very fabric of our society. Born from the pioneering work of computer scientists and visionaries, AI has evolved from...
Metropol Credit Reference Bureau (MCRB) on Wednesday May 8th, 2019 launched its new product delivery platform code-named Metropol Crystobol. A first of its kind in Uganda, Metropol Crystobol gives borrowers…
The Ugandan subsidiary of Nigeria’s United Bank for Africa on April 08th announced a UGX4.9 billion profit (USD1.3 million) profit, confirming that the lender is firmly out of its eight-year…
The entrance of Raxio into the Ugandan market to offer Data Centre services for enterprises is timely. The Ugandan market is a take off stage where most enterprises; big and…
The Executive Director of National Information and Technology Authority (NITA-U) has described the planned Raxio Data Centre, to be built at Namanve Industrial Park as a “brilliant opportunity
When Uganda’s first privately owned data and disaster recovery centre starts running in 2019, Ugandan companies will nolonger need to spend vast amounts of money to set up own data…
High financing costs and increased costs of operation dampened power distributor, Umeme’s net profit for 2017, results announced by the company today show. Despite an 8.7% growth in revenue from…
Amid job scarcity, entrepreneurship is rising. Most young people fresh from university and armed with creative minds are heading straight into starting their businesses. In Uganda the startup segment is…
The Busia One Stop Border Post was yesterday, 24th February 2018 commissioned by Presidents; Yoweri Museveni of Uganda and Uhuru Kenyatta of Kenya. Construction of the physical infrastructures for Busia…
Vodafone Uganda, cannot pay its debts in excess of UGX 195 billion. With accumulated losses reaching well over UGX 170 billion, riled shareholders have cut off the money taps, leaving…
Budadiri West MP Nandala Mafabi, who blew the lid on the multi-billion internet deal, says if Huawei Technologies is awarded the contract for the National Backbone Infrastructure project, taxpayers will…