About 30 percent of Ugandans were living below the poverty line in 2019/20, a percentage point slightly lower than the 31 percent recorded in 2012/13. The poverty rate used in the World Bank study was based on revisions made to the poverty line by the Uganda Bureau of Statistics (UBOS) in 2021. As such, efforts […]
Agriculture remains the backbone of Uganda’s economy, but its full potential is still hindered by various challenges. These include underfunding, inaccessible inputs, climate change, limited market information, and failure to modernize. Even with all this happening, there is renewed hope as technology continues to aid the conceptualization, development, and roll-out of platforms to address these […]
Gone are the days when the only way one would access health services was through physically visiting a healthcare facility, seeing a physician, and getting treated. Lately, you can complete the entire hospital process without visiting a healthcare facility thanks to telemedicine. Although Telemedicine has multiple definitions, it can be easily explained as a term […]
Advancement in Technology has come with several innovations. Today, you can almost do everything with the help of technology. Among the new things that people are doing digitally is investment. Instead of investing in tangible things (buying land, home assets, or domestic animals), technology enables one to invest in intangible yet profitable ventures. Even though […]
Savings and Credit Cooperative Organisations (SACCOs) and Microfinance Institutions are at the heart of last-mile financial institutions as these serve the unserved and underserved. However, many of these continue to depend on paper and cash-based systems that are prone to misuse, time-wasting, and thus inconvenience all the parties involved. But technology is addressing most of […]
Construction is a time-consuming and expensive venture. A lot happens from purchasing a plot of land to having house plans drawn, approved and construction done. It becomes more stressful when you have to look for all these services, one by one. However, this hustle and bustle is a thing of the past thanks to innovators […]
Access to quality healthcare continues to be lukewarm in Uganda due to high poverty rates, limited savings, and very low insurance uptake. As a result of this, most Ugandans are always just one medical emergency and hospital admission away from financial ruin and untold disaster. But this is changeable and one way of doing it […]
Accessing affordable and available credit is a big obstacle to the growth of micro, small and medium-sized enterprises (MSMEs). Many of them end up relying on loan sharks that charge exorbitant interest. Nonetheless, innovators continue to address these obstacles with the help of Financial Technology. One way they are doing this is through making digital […]
One of the main pain points faced by small businesses in Uganda is the high cost of rent for stalls and business space. The cheap stalls are not marketable while the marketable stalls are out of reach for small businesses. Nonetheless, technology is solving some of these issues through democratizing advertising and general access to […]
40 Days 40 FinTechs Season 4 Day 42 Until recently, the primary methods of transferring money from one bank account to another were through cheques or Electronic Funds Transfers (EFTs). Unfortunately, these traditional methods are often sluggish, labor-intensive, susceptible to errors, and necessitate multiple layers of verification, rendering them less efficient. However, through the power […]
