The last two decades have been tumultuous for African banking, with big international banks moving out of the continent and a bevvy of more nimble local banks stepping in to mop up opportunities in a fast-growing region. A technological revolution in the form of digital banking helped smaller banks spread …
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Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an …
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Why Crypto, Twitter, and Meta’s best days appear to be behind them as Amazon, Apple limp along COMMENT | Roger McNamee | After a decade of unconstrained growth – when it seemed that a new billionaire was minted every day – the tech industry has finally hit a rough patch. Elon Musk’s …
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Crypto adoption in Africa is catching attention of many venture funds, crypto firms | THE INDEPENDENT | Binusu, a Local Cryptocurrency exchange, and pioneer of fiat to crypto exchange in Uganda has unveiled new features to provide users in Uganda with top-notch services in Fiat to Crypto Exchange. “Our objective …
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Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate-CID is holding John Mwangutsya, the director of Crypto Bridge African Limited that is suspected to have defrauded Ugandans from different parts of the country of over Sh3 billion. CID Spokesperson, Charles Twine, says Mwangutsya reportedly defrauded more than 1,000 Ugandans …
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