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...
Ivan Karugaba will forever remember 12th April 2023. He was resting at his home in the evening and just like so many people that are into business, resting doesn’t mean…
Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…
According to a report from the Uganda Counseling Association and the Ministry of Health, 14 million Ugandans are currently mentally sick. Essentially, this implies that in every 100 Ugandans, 35…
Safeboda co-founders Maxime Dieudonne, commonly referred to as Max and Alastair Sussock, have departed their joint role as Co-CEOs of Uganda’s biggest ride-hailing startup in a surprising move that was…
Uganda’s Ministry of ICT & National Guidance has revealed that a team of selected ICT innovators & BPO practitioners will represent the ICT sector during the Innovation week at the…
Airtel Uganda and Hisense Mobile announced a partnership to promote Hisense 4G smartphones using Airtel’s double data offer of 100% bonus data for 3 months on the countrywide 4G network…
Standard Chartered Bank Uganda (SCBU), a subsidiary of the out-of-London global banking giant, Standard Chartered Plc, has bounced back into the industry’s top three largest banks, according to its just-released…
Airtel Africa on April signed an agreement under which Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV (“AMC…
Intellectual property (IP) protection is critical for protecting Uganda’s proprietary designs, processes, and inventions that, if leaked to competitors or made public, could ruin the country’s market advantage across the…