Paying attention to interest rates will help inform which debt or savings commitments you should focus on.
How can you keep up your knowledge on the interest rate? Use digital tools; websites, social media, mobile banking(USSD/SMS/Apps) for the different financial services has information about the running interest rates for both saving and loans products. MoKash, Wewole and other Microloans product provide similar information that is accessible though USSD/SMS shortcode.
Q: Which loan should you pay off first? A: The one with the highest interest rate. Q: Which savings account should you open? A: The one with the best interest rate.
Q: Why do some loans give us such a headache? A: Blame it on the compound interest rate.
FINANCIAL LITERACY: Use digital tools to Check Interest Rate for saving & loans from Banks/MFI, #MoKash #Wewole ALL digital. Attend #DiFiExpo @ BOU_Official @MoICT_Ug
FINANCIAL LITERACY: Taxes are Digital, Credit Reports are digital, Mobile Money Statements are Digital, Bank Statements are digital.
If you don’t trust yourself to remember to pay your quarterly ta...Read More »
While banks become more efficient and improve performance with digital banking, more is needed to promote financial literacy. Financial literacy is a crucial component of achieving financial inclusion...Read More »
[caption id="attachment_2326" align="aligncenter" width="600"] Mobile Money (M-Pesa) Pioneer; Dr. Nick Hughes[/caption]
Kampala, Uganda, (23, July 2016)
Digital Impact Awards Africa is fast st...Read More »
Digital Impact Awards Africa (DIAA) conducted research in which 228 companies operating in Africa were assessed for their digital embrace and innovation, 10 companies emerged as the finalists with a D...Read More »
Come 17th August 2016, over 400 distinguished members of the digital community will be at the Kampala Serena Hotel for the annual Digital Impact Awards Africa (#DIAA2016). Running for the third ye...Read More »
World over, Transport Infrastructure is a core business requirement. Ensuring that there is ‘at-least’ acceptable transport structures to enable people and freight mobility plus guaranteeing a conduci...Read More »
[caption id="attachment_2280" align="aligncenter" width="300"] Using online banking on touch screen device[/caption]
Kampala, Uganda – 10 June 2016; The Annual Digital Impact Awards Africa (DIAA201...Read More »
[caption id="attachment_2177" align="aligncenter" width="300"] M-PESA[/caption]
The annual Digital Impact Awards Africa (DIAA2016) has released a review of the nominees for Best Mobile Fi...Read More »
The winners of Digital Impact Awards Africa #DIAA categories are decided by Jury, Research Results and Public vote as elaborated below:
Highly technical awards categories e.g cybersecurity and...Read More »