The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the…
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In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established,…
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Ugandan startups raised $19m in 2024, bouncing back from the lowly $4.8m that they raised in 2023 as per Africa: The Big Deal database. Africa: The Big Deal database is a…
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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,…
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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…
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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…
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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…
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“Do you know Christine Namara?” Godfrey Mutabazi, the founder of Karaa, an e-mobility startup in Uganda, asked me around 2022. “No, I don’t. Why do you ask?” I replied. “She…
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Ugandan startups have increasingly become attractive to VC firms across Africa. Outside the big four of Kenya, South Africa, Nigeria and Egypt, Uganda regularly hovers next to them competing with…
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