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...
Airtel Uganda has today announced that it is investing some $50 million (about Shs180 billion) in a countrywide mobile broadband upgrade. The upgrade, which comes at the back of Airtel…
Nicholas Kalungi. President Yoweri Museveni and his Kenyan counterpart Uhuru Kenyatta have committed to jointly construct the Standard Gauge Railway (SGR) from Naivasha to Kisumu and Malaba. This was confirmed…
Persistent rumours and anxiety that telecom giants Airtel is exiting several local markets on the continent will have to lie low for a while after Airtel Rwanda made a strong…
BY PHILLIP NABWISO In a move to boost Uganda’s economy, especially with the envisaged target of achieving middle-income status by 2020, the government recently rolled out the 2017-2022 National Financial…
BY FAITH ATHNUS In August 2016, MTN Uganda, together with Commercial Bank of Africa (CBA Bank), launched MoKash, a digital service that allows mobile money subscribers to access microloans and…
BY PAUL TENTENA Uganda’s insurance sector continues to lag behind in the region, with less 1% reach of the entire population. The working assumption is that when banks start selling…
Philomena Matsiko. Britam Insurance Company (Uganda) yesterday unveiled their new offices located in the prestigious Nakasero suburb in Kampala. The offices, which were acquired from AIG, will host both Britam…
BY PAUL TENTENA KAMPALA, UGANDA- The continued vandalism of bandwidth cables and the entire internet infrastructure is the reason why Uganda’s internet costs remain higher with in the East African…
Juliet Hildah N. Roofings Rolling Mills (RRM) on 28th November 2017 hosted the French Delegation that is in Uganda to look into Oil and Gas at their Namanve plant under…
By Juliet Hildah N. Roofings Rolling Mills (RRM) yesterday 21st November 2017 hosted the Energy Industry Council (EIC) Oil and Gas Trade Mission to Uganda from the British High Commission….