Kampala, Uganda | THE INDEPENDENT | Uganda’s fintech community is confident regulation will act as a pedestal for the industry’s future growth. Speaking ahead of FITSPA’s 3rd Annual Fintech Conference due September 8, Chairman of FITSPA and Country General Manager of Interswitch EA Uganda LTD Peter Kawumi said the association provides …

Kampala, Uganda | THE INDEPENDENT | Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to …

Who are the winners and losers? ANALYSIS | THE INDEPENDENT | The second wave of COVID-19 appears to have hit the economy severely and dimmed prospects for a quick recovery, according to the latest Bank of Uganda monetary Policy Statement for August 2021. The statement is the first major economic …

Kampala, Uganda | THE INDEPENDENT | A joint parliamentary team, comprising the Public and Local Government Accounts committees, has tasked officials from Post Bank Uganda Limited, MTN and Airtel to provide accountability for the 2.85 billion Shillings reportedly spent on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. …

Kampala, Uganda | THE INDEPENDENT | The Special Investigations Unit-SIU is detaining ten suspects on allegations of vandalizing the telecom masts in various parts of the country. Charles Twine, the Criminal Investigations Directorate-CID spokesperson has identified the suspects as Martha Namukasa aged 30, Annet Nakkazi aged 54, Clare Namatovu aged 25, …

The conference will focus on strengthening capacity to thrive in the 4th industrial revolution Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is set to hold the 4th Annual Bankers Conference on the July 26-27, under the theme: Bend but don’t break: How the financial sector can thrive in …

Four years ago, the Dutch government launched the Netherlands Trust Fund IV (NTF IV) project in Uganda to empower fintechs, generate new technologies and teach them business basics. However, last month, the project that was implemented in partnership with the Dutch Centre for the Promotion of Imports from Developing Countries …

Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …

Kampala, Uganda | THE INDEPENDENT | As the government grapples with defining the cluster of vulnerable Ugandans who deserve COVID-19 relief in the ongoing second lockdown, economists say it is vital that the government creates a database that can be used for such interventions in future. Such a database would be …

Gulu, Uganda | THE INDEPENDENT | Institutions and private entities in Gulu are on the spot of illegal connections and drilling of boreholes as National Water and Sewerage Corporation loses millions of shillings in the City. At least nine business entities with accumulated water bills have are to reported illegally have …