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...
Africell is currently the third biggest telecom in Uganda with a market share of about 4 per cent, that is around 1 million subscribers altogether. Since its acquisition of Orange…
Market activity increased today as share price for Stanbic Uganda increased (+1.7%) closing at UGX 29.50 from UGX 29. Umeme Limited share price also grew by +2.5% closing at UGX 410 from UGX 400. All…
On Friday 9th February, the Facebook Community Leadership Program was unveiled, with over Shs 36 billion in prize money. Facebook has launched a community leadership program that will see over…
Over the years, the government, with support from development partners, has invested billions of shillings into international trade facilitation. Injection of these endless funds are meant to improve the trading…
When giant telecoms engage in internet data wars, the old saying that when two elephants fight, the grass suffers does not apply. Not even close, for in this case, the…
The East African region had 62.46 million internet users by the end of 2017, a latest report has revealed. The report, “Digital in 2017: A study of Internet, Social Media…
During US Senate confirmation hearings, when asked if he could make a decision as Secretary of Defense that would be adverse to the interests of General Motors, Charles E. Wilson…
The year 2017 served up quiet some mixed bag for one of Uganda’s biggest domestic revenue contributors – the telecommunication sector. It was in 2017 that the mandatory cut-off of…
The last two years have seen the proliferation of online cab operators in Uganda’s transport milieu. It’s the digital era so a taxi should be at your palm, with…
Total Uganda, one of the biggest integrated oil and gas company in the country, has added individual consumers to its cashless payment system that uses debit cards. Over the past…