As Uganda accelerates its cashless ambitions, there is debate about whether it can truly leave cash behind Kampala, Uganda | IAN KATUSIIME | Uganda’s financial ecosystem has made a tremendous shift towards mobile money transactions — led by platforms like MTN Uganda and Airtel Uganda — which now move trillions …
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A recent report shows Africa alone accounted for 70% of global mobile money transactions, making it the undisputed global leader in mobile-led financial inclusion. SPECIAL REPORT | BIRD AGENCY | Africa is shifting from cash handling in business to digital finance—an upgrade in the quest for financial inclusion, with mobile …
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Kampala, Uganda | THE INDEPENDENT | Experts have warned that the continued extension of handouts or money to farmers through programmes such as the Parish Development Model (PDM) without offering them support on how to market their products will not help them create sustainable wealth. Delivering a keynote address …
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Dar es Salaam, Uganda | THE INDEPENDENT | While government has decided that expected oil and gas revenues will be reserved in a Petroleum Fund for infrastructure development, experts from across Africa have urged extra caution. The Petroleum Fund was part of the outcome of a benchmarking exercise in Norway at the …
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Mbale, Uganda | THE INDEPENDENT | After PostBank (PBU) confirmed that the bank’s internal control mechanism had discovered counterfeit notes worth sh500million in Mbale branch, Uganda Police has arrested implicated staff, and where there were lapses in oversight of the branch operations, the bank has suspended the responsible staff pending …
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Kampala, Uganda | THE INDEPENDENT | Two suspected robbers linked to the killing of one person in Kampala’s suburbs of Luzira have been arrested by the Police. The two are believed to have been part of the gang that also injured another person after robbing seventy million shillings from a mobile …
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BOU clarifies that currency notes bearing Dep Governor’s signature are genuine Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has clarified on the Deputy Governor’s signature on currency notes, allaying fears that the notes could be fake. Since last month, pictures of currency notes bearing the signature of Dr …
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Kampala, Uganda | THE INDEPENDENT | The government kicked off the disbursement of Parish Development Model cash to beneficiaries around the world. The disbursement of the PDM cash was launched by the Vice President, Jessica Alupo on Wednesday last week in Kayunga district where money was sent directly to four SACCOs. …
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Kampala, Uganda | THE INDEPENDENT | After moving in circles for over two years, private school teachers can now access the long-awaited COVID-19 cash bailout from government. In one of his national addresses on COVID-19 in July 2020, President Yoweri Museveni promised to provide a revolving fund worth Sh20 billion …
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Kampala Uganda | THE INDEPENDENT | Chipper Cash has today launched a product that will enable Ugandans invest in publicly traded global companies like Amazon, Tesla or Facebook. The launch of the Chipper’s Global Stocks Investing product makes it the first company to offer fractional stock investing in Uganda. The African fintech …
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The Independent Uganda: You get the Truth we Pay the Price
