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Fintech

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.

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
Emata

Fintech startup raises seed funding to step up low-cost credit to farmers

Venture capitalists have provided $2.4mn to Emata, a Ugandan financial technology startup that provides low-cost digital loans to farmers through partnerships with cooperatives

Remarks by BoU deputy governor on fintech’s role in reshaping the banking sector

Bank of Uganda deputy governor urges banks to adapt to technological innovation to remain relevant and competitive
Startup employees at work in Tanzania

GSMA ranks Uganda among top tech hubs in Africa

Research by the GSMA Ecosystem Accelerator programme found that there were 355 active tech hubs across Sub-Saharan Africa in 2018, up from 239 in 2016. Nearly half of all the tech hubs are located in five countries, which include Uganda

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