News, Stories, Events, & Trends that shape the Eastern African region
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
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
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
Read More
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
Read More
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
Read More
Carrefour, owned and operated by Majid Al Futtaim in Uganda, has officially kicked off its latest ‘Round Up Your Bill’ initiative with an event at Noah’s Ark Village in Entebbe. ‘Round Up Your Bill’ allows customers to make donations that support vulnerable groups in neighbouring communities as part of the brand’s mission to drive positive
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
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
Tokunboh Ishmael, Alitheia IDF co-founder and an early investor in the African tech space, shares perspectives on impact investing.
Read More