As the global FINCA network celebrates 40 years of tackling poverty through financial inclusion, FINCA Uganda has intensified its efforts to improve the lives of small entrepreneurs and cooperatives by offering a variety of support services that keep them on track towards self-reliance. FINCA Uganda’s microfinance services are complemented by financial education, technical assistance and
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Uganda’s digital payments landscape is undergoing a transformative shift, accelerated by the COVID-19 pandemic and evolving consumer preferences prioritizing convenience, speed, and security. While mobile money has seen widespread adoption, card payments have faced challenges, including merchant surcharges at point-of-sale terminals and limited awareness regarding the advantages of card transactions. The introduction of the “Sasuza
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Entrepreneurs hailing from Nigeria, Kenya and Egypt were in the top three following the final pitching session in the Grand Finale; Africa’s Business Heroes grant recipients contribute to the creation of over 123,000 direct and indirect jobs through their entrepreneurial endeavors.
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Streaming platforms are partnering with mobile operators to expand in new markets while helping users save on some of the world’s highest data costs.
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The new goal for African telcos is becoming technology platforms not just old goody mobile carriers with dynamic software solutions replacing traditional voice calls and SMS
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In 2012, Jumia, Africa’s first ecommerce giant, revolutionised shopping by offering the service online, alongside shipping. Since then, they have grown as a market leader over the African continent. They have also gone on to list their shares on the stock exchange, in 2019. The listing went well; their stock prices surged 75% on its first day of trading. This made the company a unicorn with an over $3 billion valuation. But four years after that IPO, everything has crashed. Its stock now trades at somewhere around $4, losing nearly 70% of its value since its listing date.
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In a historic moment for African football, FIFA President Gianni Infantino attended the African League Football (AFL) opening ceremony in Dar es Salaam, Tanzania. The AFL is poised to redefine club football on the continent, focusing on elevating the sport’s quality and boosting financial prosperity. This article explores the significance of the AFL and FIFA’s
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Microsoft’s partnership with M-PESA Africa aims to digitally upskill Micro, Small, and Medium Enterprises (MSMEs) across Africa, bridging the skills gap and fostering economic growth. Discover how this collaboration is set to transform the future of African small businesses.
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Microsoft’s partnership with Flutterwave aims to revolutionize payment solutions for African SMEs. Discover how this collaboration will drive economic growth and digital financial inclusion across the continent.
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Kenya, often referred to as the “Silicon Savannah” due to its growing influence in the world of information and communication technology (ICT), continues to strengthen its position as a global tech leader. Its forward-thinking policies, favorable investment climate, and a burgeoning population of tech-savvy youth have made it an attractive destination for some of the
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Equity Group has entered into an ambitious Customer Business Agreement with Mastercard based on a shared vision of empowering customers and businesses across the East African region. This strategic partnership aims to provide customers various benefits by offering different Mastercard payment solutions, including World and World Elite cards, corporate cards, and virtual cards. Moreover, it
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Blue Crane Communications (BCC), a fast-growing Ugandan internet service provider and IT solutions company, has been awarded three key International Organization for Standardization (ISO) certifications: These certifications reflect BCC’s ongoing commitment to delivering unparalleled quality, sustainability, and safety services while demonstrating the company’s adherence to international best practices. They also underscore the continued growth of
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As agriculture and food security take center stage in Uganda’s national discourse, the Housing Finance Bank (HFB) is pleased to announce the signing of a transformative Memorandum of Understanding (MoU) with the Government of Uganda. This partnership will enable HFB to finance large-scale commercial farming initiatives aligned with government programs that are crucial to the
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In recent years, the Internet has become an integral part of life for many Ugandans, especially those in urban areas. While access remains limited in some rural regions, the internet has sparked significant improvements in education, business, healthcare, and communication. The demand for fast, reliable, and affordable internet has surged, particularly in cities like Kampala,
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As one of the fastest-growing tech companies in Uganda, BCC has expanded its scope into the mechanical & electrical, and automation sectors, cementing its reputation as a leader in systems integration. Robert Muramuzi, Head of the Mechanical & Electrical department, stated that, in addition to its competitive connectivity services, the company has enhanced its offerings
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In rural Uganda, financial independence remains a distant dream for many women. They face significant barriers such as limited access to financial services, low financial literacy, and societal structures that often prioritize men’s economic activities. Yet, when women are empowered with the right tools and resources, their potential to contribute to economic growth becomes limitless.
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Kampala, Uganda – 14th November 2024. Behind every award lies a story of perseverance, passion, and triumph. Today, Housing Finance Bank celebrates winning two prestigious awards at the Global Brand Awards 2024: Most Sustainable Financial Service Provider 2024 and Best Banking CEO in Uganda 2024. The Global Brand Awards, now in their 12th edition, were
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The 2023 Financial Literacy Survey conducted by the Bank of Uganda revealed that 60% of Ugandans were unaware of key financial concepts such as budgeting, credit, and investment. With inflation rising and the cost of living increasing, it is crucial to understand how to manage personal finances effectively. Across the globe, including in Uganda, we
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Kampala, Uganda – Talkio Mobile, Uganda’s newest telecom provider, which provides a gateway to a smarter, faster, and fully customizable mobile experience, is thrilled to announce a festive campaign that rewards new customers who book a Talkio SIM with a chance to win a brand new iPhone 16 Pro Max and other fantastic prizes, including
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With the ongoing high internet costs in the Country, Blue Crane Communication has cut its prices in its new campaign dubbed Switch to BCC. The campaign is aimed at delivering reliable high internet speeds at the lowest prices for fiber home users and SMEs within Uganda. Running till December 2024, this initiative aims to empower
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As Uganda’s economy grows and the middle class expands, the supermarket sector is experiencing a significant transformation. Global supermarket brands, such as Carrefour, are not only capitalizing on this economic upswing but also actively shaping consumer behaviors and preferences in the country. In his recent budget reading, Finance Minister Matia Kasaija highlighted that Uganda’s economic
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