Our Reporter. In the African culture, whenever a young man is going to marry his bride, it is taken as a collective responsibility for the community to make contributions towards the success of the celebrations. This is always done through wedding meetings where people converge and manually collect money, while others make pledges and fulfill […]
Our Reporter. When a peacock is lying down, one can hardly appreciate its beauty. But when it stands and its wings are fully spread, it reveals one of the most beautiful color patterns. The same applies to digital data. Because data is unstructured and is everywhere, very few people get to appreciate its significance. It […]
Our Reporter. One of the biggest challenges faced by start-up businesses is poor record keeping, which results in the inability to make proper business analyses. The other key challenge is managing payments and money in general. It is these problems that prompted Emmanuel Kimaro, to start Bizzyn, a business management tool that enables users […]
Our reporter. Nomanini is a South Africa-founded payments platform that connects financial service providers and fast-moving consumer goods companies to consumers. Founded in 2011, Nomanini, which means ‘anytime’ in the ‘Siswati’ language, started out as a point-of-sale gadget distributor to retailers where they could be able to sell airtime to customers. It has since expanded […]
Our Reporter. East Africa has one of the fastest-growing populations, predominated by women and youth. The same region has a ballooning informal sector economy including Boda Boda riders, market vendors, and salon operators among others. Unfortunately, the majority of these have little, somewhat no clue about financial discipline, especially the art of saving. It is […]
Our Reporter. It is now 22 years since one of East Africa’s oldest financial technology companies, Craft Silicon launched operations. What started as a back-end financial solutions company has since transitioned into a huge banking and financial inclusion enabler providing a wide range of solutions, from core banking, microfinance, anti-money laundering, and electronic payments […]
Our Reporters. At the start of July 2016, news broke that two Tech giants had come together and devised an African Transport solution. The Tech Giants were Craft Silicon and Safaricom. The Transport solution was Little Cab; a ride-hailing APP that was launched in Kenya to directly compete with the likes of Uber, and Taxify […]
Our Reporter. In 2001, two young African men from opposite ends of the continent sat across each other at a dinner table and had a discussion over a cup of coffee. So intense was the conversation that problem-solving models were created on a serviette that would fuel the establishment and growth of a multinational African […]
Our reporter. FinTech Uganda Limited, a subsidiary of FinTech Group is one of the oldest financial technology companies in Africa with a variety of fully integrated models that assist over 240 financial institutions across Africa to manage payments and collections, asset financing, mortgage business, and insurance premium financing, among others. Having opened shop back in […]
Our Reporter. At the peak of the Covid-19 pandemic in 2020, Denis Orech and two friends from Lira University decided to devise means of delivering goods and services to people in Lira town who were trapped in their homes due to a national lockdown. The three, using their knowledge in information technology, started an e-commerce […]
Our Reporter. The outbreak of Covid-19 has forced many businesses to migrate from the manual way of doing things to digital solutions. Businesses that used to manage their expenses manually using cash or cheques are now using mobile money which ultimately saves time and creates easy tracking mechanisms. According to Lyn Tukei, the Xente […]
Our Reporter. Uganda has a huge but largely underdeveloped fashion industry. According to a November 2020 article by The East African newspaper, “Uganda’s fashion industry is characterized by struggling ventures, semi-professional small-scale production, and lack of infrastructure, institutions and government support.” Even so, while thousands of Ugandans continue to find their space in fashion and […]
Our Reporter. Enrolling members into savings, and investment clubs is a key stage in operationalizing such organizations. But when this is done, the harder part is handling operations, which includes keeping customers’ deposits safe, managing the risks that come with handling savings and loans, and ensuring proper record keeping. That is where Mfuko Plus comes […]
Our Reporter. The world is slowly migrating into a cash-lite and eventually a cashless global economy where all transactions are done without the exchange of cash. As a result, more financial technology companies (FinTechs) are emerging with a variety of solutions to meet consumer needs. However, most of these solutions target a fairly literate population […]
Our Reporter. One of the biggest bottlenecks of transferring funds from one country to another is the cost involved, especially if it involves different networks. It is a problem that MFS Africa; a digital payments hub, is keen on mitigating by providing access to a world of innovative, simple, convenient, secure, affordable, and compliant […]