By 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 […]
By 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 […]
By 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 MfukoPlus comes […]
By 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 […]
By 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 […]
By Our Reporter Agriculture remains Uganda’s top employer, with more than 60 percent of the population involved in agricultural activities. Despite this statistic, the industry is largely underfunded, many farm inputs are counterfeited and there is little support for harvest handling and agro marketing. By and large, Ugandan farmers are on their own, living at […]
By Our Reporter True African is with no doubt among the legends of digital financial services in Uganda. They were among the pioneers of short messages (SMS) and later mobile banking in Uganda working with Nile Bank to transfer funds from one account to another. They even had a website where people would log-in and […]
By Our Reporter Linmart is an online marketplace that links manufacturers, suppliers, wholesalers, retailers and shoppers to one platform called a MARKET for convenient, timely and cost-effective transactions. Started in October 2021, Linmart is an easy-to-use product where vendors sign-up for free and buyers just use their smartphones, pads or computers to conveniently contact sellers […]
By Our Reporter The outbreak of the Covid-19 pandemic in March 2020 was projected to be a short-term disruption but for some financial firms, it has triggered long-term changes on how to do business. Buladde Financial Services is among the several financial institutions changing operations to suit customer preferences and the new ways of doing […]
By Our Reporter One of the main reasons for the early collapse of villages Saccos and Investment groups is poor book keeping. Hell breaks loose whenever the Sacco treasurer loses or conveniently misplaces the company ledger which in turn means there is no track of members’ savings, loans, etc. To save such groups from the […]
