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
Read More
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
Read More
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.
Read More
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.
Read More
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
Read More
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.
Read More
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
Read More
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.
Read More
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.
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
The battle for customer loyalty in Uganda has taken a significant and unexpected turn. Traditionally, loyalty programs have been a crucial tool for retailers worldwide, fostering customer retention and driving sales. However, a surprising shift is unfolding in Uganda. Major retail chains such as Capital Shoppers and Quality Supermarket have suspended their loyalty programs, with
Read More
Housing Finance Bank has announced a profit after tax of Ushs 65.1 billion for the financial year ended December 31, 2023. The Bank attributed the 11.3% year-on-year growth in net profits to digital transformation and revenue diversification efforts. In the period under review, Housing Finance Bank also demonstrated significant growth in other key parameters, with
Read More
