Our Reporter. Jumia, an e-commerce retail and logistics service platform that connects sellers with consumers has been hailed as one of Africa’s greatest success stories and yes, it is. Established in 2012 in Lagos, Nigeria, it has within just a period of eight years posted great milestones, including spreading to about 11 countries in Africa, […]
Our Reporter. A growing number of businesses and buyers in Africa are increasingly embracing e-commerce, thanks to COVID-19 that saw governments enforce restrictions on people movement to control the spread of the deadly virus. The shift to online shopping has not only opened a window of opportunities for businesses to sell within their country but […]
Our Reporter. It may still be a nascent industry but Uganda is increasingly making huge leaps in the digital payment technologies space. Huge sums of money; be it person-to-person payments or business transactions, are being transacted conveniently, thanks to the innovativeness put up by Financial Technology Companies (FinTechs) such as Pegasus Technologies. Established in 2007, […]
Our Reporter. While Europe, America and Asia, the main trading partners with Africa are increasingly getting cashless, over 90 per cent of the population in Africa still adores cash. This not only renders the continent uncompetitive but has also played a great part in promoting money laundering on the continent. According to Brookings, illicit financial […]
Our Reporter. With huge traffic congestion in most African cities, the easiest way for one to travel from one point to another is by using a motorcycle, commonly known as Boda Boda in Uganda. Although this is the fastest means of transport that beats any manner of traffic jam, the only challenge comes with safety, […]
Our Reporter. The payment industry is increasingly experiencing a high level of disruption that is reshaping the payments space, thanks to a surge of new technology-driven processes. Operated by Financial Technology Companies (FinTech), the digital applications are enabling users to take payments to the next level in terms of speed, efficiency and convenience. And one […]
By Our Writer The Ugandan economy is heavily weighted in international trade, especially as an importer, mainly from China. Despite this, traders were finding challenges with cross-border payments as they involved multiple parties, currencies, regulations and risks. However, in a bid to make international payment more accessible and efficient to businesses, Ugmart, a Financial Technology […]
Our Reporter. Making financial services available to more people by lowering costs and barriers to access is increasingly becoming a key focus area for Financial Technology Companies (FinTechs) that seek to ensure financial inclusion for all. Their transformative power owes to their ability to serve the once financially excluded people, using technology to facilitate mobile […]
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 […]