In a new study that was conducted by the United Nations-based Better Than Cash Alliance firm, has shown how agriculture nonprofit organization; One Acre Fund in partnership with Citi Inclusive Finance, successfully digitized loan repayments for farmers in Kenya, a move that significantly boosted transparency and efficiency, driving economic opportunity and...
Stanbic Bank shareholders approved a 60 billion shilling payout as dividends at their Annual General Meeting held on Wednesday, 10th May 2017 in Kampala. It represents a 50% increment from the 40 billion UGX paid in 2015 and is equivalent to 1.17 billion UGX dividend per share up from 0.78...
The World Bank Group on Tuesday partnered with GSMA to help achieve Universal Financial Access (UFA) by the year 2020. The GSMA brings to the coalition a deep knowledge of mobile financial services, a proven ability to innovate, and a commitment to financial inclusion as a core component of its mission. In...
According to reports by Telegraph, Global Financial firm; MasterCard will soon end the use of PINs at cash machines. This comes after the firm launched its next-generation biometric payment card in South Africa on Thursday, following successful trials with a local bank; Absa Bank, a subsidiary of Barclays and Grocery retailer. Instead of requiring cardholders to enter their...
For the sixth consecutive year Stanbic Bank Uganda has won the best 'Primary Dealer Award' beating off stiff competition from six other commercial banks. The accolade is given on an annual basis to the financial institution that has excelled in executing its primary dealer mandate and is the culmination of...
Rwandan Tech Accelerator, Inkomoko and the Bank of Kigali have partnered to launch an accelerator program to boost Startups in the small East African country. Dubbed Urumuri initiative, the 7 month program will see selected startups offered a share of RWF 60million (roughly $73,000 , 260million UGX) in interest free loans. The...
Late last month, Stanbic Bank Uganda in partnership with the Ministry of Education and Sports officially launched the 2017 Stanbic National School Championship at Kampala Serena Hotel. The exciting competition aims to encourage and challenge over 4,000 students from 40 secondary schools; government and private, countrywide in critical thinking and...
Kenyan fintech software development company, Craft Silicon has unveiled an inter-bank money transfer system in Uganda. PC Tech Magazine understands that the system will allow customers in Centenary Bank to transfer money to Finance trust bank in the meantime as the company seeks to extend its foot print in Uganda’s...
Global bitcoin remittance firm Bitwala, earlier last week introduced Bitcoin to M-Pesa transfers in Kenya, Nigeria, Tanzania and Uganda for free of charge in a move the firm says will make money transfers to any part of the world should be simple and convenient. "At Bitwala, we believe that BTC money...
The Bank of Uganda has cautioned the general public against doing business with the new digital currency which he says is not regulated. Dubbed One Coin, the crypto currency located on the website onecoin.eu recently launched in Uganda and has opened up offices in Kampala. According to a statement by the...