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Media often tout fintech as answer to Africa’s problems, overlooking its downsides
African headlines often praise fintech as solving the continent's economic problems, but some political economists and social theorists challenge this narrative
March 11, 2024
Companies
Digital Economy
Jumia to close food delivery business
In a bid to cut losses, Jumia is downsizing, cutting costs, and shutting down its unprofitable food delivery business
December 14, 2023
Digital Economy
Economy
Remarks by BoU DG Atingi-Ego at second National Financial Inclusion Strategy launch
NFIS II aims to tackle financial exclusion and barriers to access, empower consumers through protection and education, and increase the use of affordable financial products
November 30, 2023
Digital Economy
Infrastructure
Politics & Policy
Uganda seeks $146mn Chinese loan for national fibre-optic project
China also funded the first three phases of the national fibre-optic backbone infrastructure project
November 27, 2023
Digital Economy
Opinion
PostBank’s mobile wallet worthy addition to financial inclusion arsenal, says BoU deputy governor
Central Bank deputy governor advised PostBank to ensure that its Wendi platform is efficient, reliable, user-friendly, and secure to protect user data
November 19, 2023
Digital Economy
Uganda drops nine places in global digital well-being ranking
Only five out of 121 countries in a global ranking of digital well-being have it worse than Uganda in terms of internet affordability
September 26, 2023
Companies
Digital Economy
Fintech startup raises seed funding to step up low-cost credit to farmers
Venture capitalists have provided $2.4mn to Emata, a Ugandan financial technology startup that provides low-cost digital loans to farmers through partnerships with cooperatives
September 14, 2023
Digital Economy
Remarks by BoU deputy governor on fintech’s role in reshaping the banking sector
Bank of Uganda deputy governor urges banks to adapt to technological innovation to remain relevant and competitive
August 14, 2023
Digital Economy
From brain drain to digital gain: remittances transforming global economic dynamics
Digital remittances thrive amid brain drain, transforming economies, funding growth, and mitigating financial vulnerabilities
August 11, 2023
Companies
Digital Economy
Nation Media Group to slash staff in major restructuring
Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to "accelerate our digital transformation" and in response to effects of the Covid-19 pandemic
March 25, 2021
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