Financial Inclusion

Digital EconomyScience & Technology

Media often tout fintech as answer to Africa’s problems, overlooking its downsides

African headlines often praise fintech as solving the continent's economic problems, but some political economists and social theorists challenge this narrative
Three communications and politics researchers wondered whether African journalists were uncritically talking up fintech or were warning of its risks. They analysed news coverage and looked at journalism published between 2016 and 2021 by leading newspapers in Kenya, Uganda, and South Africa, as well as through the AllAfrica news aggregator. Based on their initial examination of 368 articles, they identified nine themes or frames that appeared frequently in news coverage of fintech.
Digital EconomyEconomy

Remarks by BoU DG Atingi-Ego at second National Financial Inclusion Strategy launch

NFIS II aims to tackle financial exclusion and barriers to access, empower consumers through protection and education, and increase the use of affordable financial products
The exterior of a shop offering mobile money services in Kampala
Digital EconomyOpinion

PostBank’s mobile wallet worthy addition to financial inclusion arsenal, says BoU deputy governor

Central Bank deputy governor advised PostBank to ensure that its Wendi platform is efficient, reliable, user-friendly, and secure to protect user data
Michael Atingi-Ego, deputy governor Bank of Uganda, stands with other officials at the launch of PostBank's Wendi mobile platform, 1 November 2023
EconomyPolitics & Policy

A mindset change is best route to broader and resilient growth

The Uganda government must encourage citizens to participate in the national development agenda. It must start by viewing citizens as agents of economic growth and development, not a burden to the government
Digital EconomyEconomyPolitics & Policy

Mobile money dominates formal sector financial inclusion, limitations and all

Financial inclusion is low in Uganda because banks find it costly and unprofitable to extend services to rural areas. But even in urban areas, their services are expensive. Mobile money is the only financial service that has bucked those trends
CompaniesDigital Economy

This is how MoKash is faring one year on

One year ago, MTN Uganda launched MoKash, a service that allows customers to get micro-loans and save using their phones
MTN Offices in Kampala
Mergers & Acquisitions

Opportunity Bank acquired by international fintech company

Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.