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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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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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
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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
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Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Uganda, has announced a UGX 7 million sponsorship of the Kyambogo Ultra Challenge Run scheduled for the 4th of May starting at the Kyambogo University Cricket Oval. The sponsorship is in line with Carrefour’s commitment to the health and well-being of the communities
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The landscape of financial payments in Uganda is rapidly evolving as consumers increasingly prioritize convenience and speed in their payment methods. The surge in demand for digital payment services reflects this trend, with mobile money transactions experiencing a notable 7.7 percent increase in volume and a 2.9 percent uptick in value, soaring to UGX 62.2 trillion
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In a remarkable display of international solidarity, Ugandan Carrefour employees have achieved a milestone in labor rights advocacy, thanks to the concerted efforts of UNI and the unwavering support of the FNV of the Netherlands. The culmination of the “Establishing Bridges, Growing Solidarity, and Strengthening Collective Bargaining” project in Entebbe, Uganda, from January 22nd to
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The event marks a significant milestone in the implementation of the Social Health Act of 2023, which necessitates all NHIF members to register afresh with the Social Health Authority under the Social Health Insurance Fund
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Carrefour, the exclusive retail giant operated by Majid Al Futtaim in Uganda, is gearing up for a grand celebration as it marks its four-year anniversary in the country. Commencing from January 31 to February 13, 2024, customers are in for a treat with a plethora of exciting prizes and daily discounts. As a token of
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