Uganda
MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida
Small businesses in Africa need digital banking services, including plenty of credit. Although these businesses drive economic growth and contribute up to one-third ...
Uganda
Uganda: Stanbic Bank Unveils Digitalized Platform for Clients
Stanbic Bank Uganda has launched an end-to-end digitalized trading platform dubbed “Quantum Trade” to enable its customers access import letters of credit and ...
Uganda
Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products
Ugandan technology-enabled asset finance company Tugende has announced that it has closed $3.6 million in a Series A extension round. The investment, which, according ...
Uganda
Only 19% of Women Use Internet in Uganda, Study Shows
Women in Uganda use the Internet far less than men according to a new survey from the World Wide Web Foundation which found ...
Intelligence
Uganda:With 7,600 agents and over UGX2.5 trillion transacted in 2 years, agent banking is unstoppable; it is the future of banking
The 2018 Uganda Finscope Survey showed that although access to formal and informal financial services had risen to 78 percent (14.4 million), only ...
Startup
Ugandan on-demand startup Logistify AI on a mission to address warehousing issues in Africa
Growing up in rural Uganda, Daniel Emaasit and Tobias Tukei helped their parents operate their family warehouse and farm. For more than 20 years they struggled to ...
Uganda
UGANDA – MTN and Airtel re-instate mobile money sending charges
Telecom giants MTN and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to ...
Regulatory
UGANDA: Bill to regulate mobile money transactions gets committee’s nod
The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda ...
Uganda
Ugandan fintech startup Eversend raises $706k in target-beating crowdfunding campaign
Ugandan startup Eversend, a digital-only finance platform providing cross-border money transfers among other services, has secured EUR634,000 (US$706,000) in investment through a Seedrs ...