Digital Economy

Digital Economy

Bank of Uganda governor remarks at Africa Blockchain Conference

Remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda At the Africa Blockchain Conference Serena Hotel, Kampala May 23, 2018 ...
Digital EconomyOpinion

The uneasy relationship between online betting and mobile money

Supporters of mobile-based sports betting in Africa will tell list off a number of gambling benefits including increased employment opportunities, easy money for low-income earners, tax revenue for government, and general economic growth.
CompaniesCorporate earnings and resultsDigital EconomyMarkets

Stanbic’s digital push helps drive profit rise in 2017

Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
A Stanbic Bank Uganda branch
Digital EconomyEconomyPolitics & Policy

High lending costs to informal sector keeping credit costs up – Kasekende

Standard Chartered's socio-economic impact report estimates that its lending supported value-added of 3.5% of GDP and almost half a million jobs in 2016
CompaniesDigital Economy

UCC bans vending of airtime, simcards

The telecommunications regulator, Uganda Communications Commission (UCC), has outlawed vending of airtime and simcards on streets and other unlicensed locations across the country
CompaniesDigital Economy

URA, Stanbic Bank launch online tax payment platform

Uganda Revenue Authority and Stanbic Bank launched an online platform on Monday that makes it possible for taxpayers to make payments using bank cards and mobile money
CompaniesDigital Economy

Taxify’s first month in Kampala: the battle for riders is first a battle for drivers

Taxify was welcomed by both riders and drivers, who were happy that the entrant had shaken up things in the taxicab sector. But it's discount - popular with riders - was soon seen as a problem by the drivers
Digital Economy

Internet users increase to 17 million

Internet penetration in Uganda jumped from 16.4m to an estimated 17.1m users in the second quarter of 2017 representing a 3.7% increase, according to the Uganda Communications Commission which regulates the industry
CompaniesDigital EconomyTechnology sector

Andela, start-up connecting African coders to global tech firms, raises $40 million

Andela, a startup that trains software developers in Africa and connects them to global technology firms, has secured $40 million in Series C funding that it says will be used to fuel its aggressive expansion plans
CompaniesDigital Economy

No more Shs3000 trips: Uber increases minimum fare

Uber in Uganda has increased the minimum fare for trips following increased driver discontent
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