Our Reporter. While most Ugandans describe land as the key to wealth, leaving it idle for years is not a smart idea. In Uganda, it is not unusual for one to leave their piece of land vacant for years because they do not have funds to develop it. Even though it appreciates in value […]
Our Reporter. Blockchain technology and Cryptocurrencies – digital representation of value that are digitally traded and act as a medium of exchange, a unit of account and a store of value, are increasingly being adopted across the world. They are steadily playing a critical role in helping countries across the globe drive their financial inclusion […]
Our Reporter. There are many people who have missed out on their favorite sports games, music shows or comedy just because they were unable to buy their ticket from a location which was far from where they were. However, all that is history, thanks to Ticteq, a Xopa Limited online ticketing system that houses revelers […]
Our Reporter. Talk about Small and Medium Size Enterprises (SMEs) in Uganda and they will tell you how majority die before celebrating their fifth birthday. According to experts, this is due to a number of reasons but top on the list is poor record keeping and poor inventory management. However, a group of entrepreneurs saw […]
Our Reporter. While there has been effort from the various governments across Africa to shift their respective countries from cash to cashless economies, the World Bank estimates that about 90% of retail transactions on the continent are still cash based. However, there seems to be renewed effort, from all corners to migrate Africa from a […]
Our Reporter. Ugandans across the country could soon be able to access safe and convenient financial services if Cytrone launches its free financial inclusion product. Established in 2016, Cytrone Limited – a payment technology company that offers a domestic, open- loop, multilateral system that facilitates electronic payments, is in final stages of product development according […]
Our Reporter. While micro, small and medium enterprises account for over 80% of businesses in Uganda and employ the largest number of the country’s working population, they still find it hard to access bank credit. This is mainly because majority are informal, fragile, lack collateral and thus considered risky. However, in a bid to close […]
Our Reporter. Over the past few years, distinctions between financial institutions and telecom service providers have been gradually breaking, thanks to the emergence of Financial Technology Companies (FinTechs) that are providing the needed bridge. FinTechs are transforming lives in Uganda and the entire African region for the better; facilitating payments, boosting financial inclusion and enhancing […]
While access to affordable financial services plays a vital role in enabling refugees cope with negative shocks, reduce exposure to risk and stimulate economic activity, it is still a luxury to many. This is partly because of a mismatch between the financial products available on the market and the cost and financial needs of refugees. […]
By Our writer With an increasing number of Ugandans having busy work schedules, it is increasingly getting clear that the future of television is going to be mobile. A growing number of Ugandans, especially those with smartphones are increasingly using them to watch their favorite television programme at their convenience while on the move. Watching […]
By Our writer Many small farmers in Uganda usually sell their produce at giveaway prices as middlemen often exploit them by offering low prices even when the prevailing market prices are higher. This mainly happens because of lack of market information. However, this could soon be history, if all farmers adopt online technologies that seek […]
Our Reporter. While financial management skills are key for the survival of any enterprise, most micro, small and medium size enterprises and savings groups lack this key aspect. This has seen many die before even celebrating their first birthdays. However, Computing Palace Technologies, an Information and Communication Technology (ICT) firm that specializes in software […]
By Our writer While Uganda started efforts to boost a cashless economy over a decade ago, majority of Ugandans still prefer cash. Available statistics indicate that about 99 per cent of the economy is cash-based and only 1 per cent is cashless. However, over the years, several Financial Technology Companies (FinTechs) have heavily invested in […]
Our Reporter. Alpteq ICT Solutions is a Financial Technology Company (FinTech) with a mission to become a leader in providing homemade solutions that mostly target the underserved population. Founded in 2018, the FinTech offers a wide range of ICT solutions to women, schools and people in the informal sector, using innovative products. It has over […]
Our Reporter. Ugandans may soon be able to access electricity on credit if Mallan Company Limited, a local Financial Technology company (FinTech) successfully launches its Yassako product soon. The micro credit product that will enable people to top up their utility bills is being developed in partnership with Airtel, which will give them access to […]