COMMENT | Hope Ekudu | We often delay pursuing our dreams, waiting until we’ve saved enough to make them a reality. It can be frustrating to work hard toward a goal only to be held back by a lack of funds. In Uganda, where acquiring loans can be a lengthy and inaccessible …
Read More »Kenyan-built fintech breaks traditional banks’ stronghold in Eswatini
A Nairobi-designed digital wallet service is nipping at the heels of Eswatini’s mainstream banks and telcos, proving that African expansion can be a gainful strategy for Fintech startups. SPECIAL REPORT | BIRD AGENCY | Instacash, a mobile money platform, has begun to break the decades-long hold of traditional banks …
Read More »MTN MoMo, Airtel Money record combined Shs 452.7billion PAT
The “Beera Steady, Be Better” campaign has led to an 86% reduction in fraud incidences Kampala, Uganda | JULIUS BUSINGE | Fintech firms, MTN Mobile Money Uganda Ltd and Airtel Money Commerce Uganda Ltd, have collectively reported a remarkable Shs 452.7 billion in profit after tax for the year ended December …
Read More »Ecobank Group recognizes Cameroonian fintech
Kampala, Uganda | THE INDEPENDENT | Pan-African Banking Group, Ecobank Group, has announced Koree, a fintech company based in Cameroon, as the overall winner of the 2023 Ecobank Fintech Challenge. The announcement was made by a distinguished panel of judges during the competition’s Grand Finale at the bank’s headquarters at the …
Read More »Over 200 organizations set for Africa Fintech Summit in Lusaka
Lusaka, Zambia | African Media Agency | The stage is set for the largest gathering of fintech stakeholders from around Africa and the globe as the Africa Fintech Summit prepares for its 10th edition. The summit, renowned for fostering meaningful conversations, partnerships and other ecosystem-enabling engagements, is scheduled to take …
Read More »More measures to safeguard fintech operations coming – BOU
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda is due to launch new measures to enhance the security of online and mobile transactions as the financial technology industry grows. The financial sector is enjoying much faster growth than in years prior to the last decade boosted by digital innovations, …
Read More »Ecobank Group launches the 2023 edition of its Fintech Challenge
Kampala, Uganda | THE INDEPENDENT | Ecobank Group, the Pan-African banking group, has invited innovative and ambitious African fintech entrepreneurs from across Africa to apply to participate in the 6th edition of its Ecobank Fintech Challenge. Similar to previous editions, the Fintech Challenge offers exceptional prospects for Fintechs that align …
Read More »Standard Bank Group arranges $202 million syndicated funding for fintech giants M-KOPA
Standard Bank Group has arranged sustainability-linked, multi-currency facilities to support M-KOPA’s growth in Kenya and Uganda Johannesburg, South Africa | THE INDEPENDENT | Regarded as a pioneering and leading fintech platform, M-KOPA’s solutions provide underbanked customers with instant access to everyday products and services via its flexible credit model. M-KOPA’s customers …
Read More »Ghana, Nigeria, and Kenya lead 25% growth in finance app installs
Africa’s fintech space continues its pandemic-induced growth with a 25% jump in new finance app installations in 2022, energised by the rapid adoption of mobile banking solutions. Accra, Ghana | BIRD AGENCY | A new report by AppsFlyer and Google analysed more than 140 million installs across 3,000 finance …
Read More »Financial technology industry better regulated today: Operators
Kampala, Uganda | THE INDEPENDENT | The financial technology (FinTech) industry has grown faster than the managers of the economy had anticipated, with the number of FinTechs growing from just five in 2017 to 189 in 2022. This has come with regulatory challenges due to the complex nature of the industry that …
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