With the country in a second lockdown, there is no doubt that a number of business operations in Uganda have been interrupted by the outbreak of the COVID-19 pandemic. Among the most affected businesses are schools, whose future is even still uncertain as the earlier phased reopening was stopped abruptly following a rise in new […]
Several people across the country have fallen victim to land evictions or have their pieces of land lying idle for lack of funds to develop them. In a bid to solve this challenge especially in the Buganda region where such cases are rampant, Buladde Financial Services, a Cooperative Society, was started by the Buganda Land […]
It is estimated that at least 80 per cent of Ugandan farmers are smallholders. Despite their everyday challenges, they contribute the largest share of agricultural production. To help them boost production and increase their incomes, Green Shares, a social enterprise that started operations in 2019,is leveraging technology to unlock their potential and have themfinancially included. […]
While some people saw the outbreak of the COVID-19 pandemic as a major setback, to Erasmus Okurut and his team at PayTota Uganda, it created an opportunity which they have grabbed with both hands. Okurut, the PayTota Chief Executive Officer, says the pandemic and the lockdown that followed thereafter opened their eyes to the pain-points […]
Being cash strapped has never been a good experience for anyone, neither is the hassle of moving from one financial institution to another shopping for a good loan deal. This is, however, made easy with Jumo’s Wewole product, a micro-credit solution that provides a convenient way for mobile money subscribers to access loan facilities via […]
In a bid to support women inclusion and support business growth, SafeBoda, which started off initially as a ride-hailing App, plans to give out working capital loans to its merchant partners to expand their businesses. According to the company’s Vice President of Payments and Financial Services, Tim Jamieson, a pilot for working capital loans will […]
The era of moving around from one lender to another shopping for the best loan deal could have come to an end, thanks to a solution by Enabling Finance Limited that links borrowers to professional money lenders. Dubbed Finablr, the product by the credit finance company seeks to create a platform to serve people who […]
While financial inclusion in Uganda has greatly improved over the years, women are still lagging behind their male counterparts. However, a number of initiatives are being undertaken to close the gap. Among them is Payclide’s agency model of service provision, which puts emphasis on empowering women by enrolling them as agents. Payclide, a product of […]
While most Ugandan businesses are used to physical cash payments, there is a gradual shift to electronic commerce that has forced them to move to digital payment channels, which in most cases are done through service providers that do not settle the payments immediately. Given that majority of Ugandan businesses are micro or small enterprises, […]
Business enthusiasts believe that supporting a woman-led business is equivalent to supporting an entire family and a nation at large. Flutterwave, a payments technology company that operates in 33 countries across the globe including Uganda, has cut a niche in supporting these women-led businesses. In a bid to support the growth of women-owned businesses, the firm […]
