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, including Uganda, […]
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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 also across […]
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By Willy Byarabaha 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 […]
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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 flows from […]
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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, as most […]
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When RG-Consult started working on the Nakasero Market portal that would allow people to order for groceries from the market and have them delivered to their residences, little did they know that it would become popular in a short time. However, the lockdown that followed the COVID-19 outbreak in Uganda, forcing the government to institute […]
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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 firm that […]
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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 Company (FinTech) has […]
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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 payments, provide […]
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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 over time, the […]
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