U.S. development financier the Overseas Private Investment Corporation (OPIC) on Friday last week signed a USD$100 million (approx. UGX372.32 billion) loan agreement with Africell Holdings. The loan will help fund Africell’s expansion of communications infrastructure in Africa. The deal was signed on the sidelines of the African Development Bank’s Africa Investment Forum...
Moto-taxi ride hailing service; Safeboda on Monday won the Best Africa App at the AppsAfrica Awards at an awards ceremony held in Cape Town, South Africa. The app was nominated alongside Farmcrowdy App (Nigeria), Impact Farming App (South Africa), Hey Jude App (South Africa), and Moya Messenger app (South...
Ride-hailing firm; Taxify Uganda has released an official statement following customer complaints of the company's riders presenting billed screenshots at the end of the trip. Customers reported that riders would share with them a billed screenshot from their previous trips. However, this would only be done on naive customers. The...
Jumia Uganda last month unveiled its Black Friday season schedule to run from November 16th to December 7th, 2018. The company's new Chief Executive; Ron Kawamara took the honors of unveiling the campaign. He told reporters that Jumia plans on bring in an expected revenue of about 17.5 billion...
According to online reports, Taxify riders are scamming some of their customers with billed screenshots from their previous trips. They don't end the trip upon reaching destination, then present a screen shot which is inflated. According to a reporter at tech-website; TechJaja, he reports that he almost fell victim of...
Restaurant chain and international franchise, Pizza Hut introduced a new set of pizzas dubbed 'Wow Triples Pack'. The sets come with generously discounts specially designed for any sharing occasion. According to the company, it wants to make it easier and better for people to hangout with friends and family...
According to reports by the Daily Monitor, government revenue collection agency; the Uganda Revenue Authority (URA) has collected UGX103 billion (approx. USD$27,395,425) from mobile money tax between July and September. This is, however, UGX48 billion short of the expected UGX151.5 billion (approx. USD$40 million). In the month of July when the tax went...
The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The latest reading is the highest since the survey began in June 2016. Four of the five monitored sectors saw business conditions...
In order to maintain its position as a leader in broadcasting innovation in Africa, Econet Media has reviewed its business strategy and service offerings, to align them to changes in the global digital and satellite broadcasting sector, and growth in access to mobile and fixed broadband on the continent. The...
San Francisco based online payment technology solutions firm; Flutterwave in partnership with Hive Colab will on Friday 2nd, November 2018 hold a meet and discuss event to enlighten more about Flutterwave's flagship product, 'Rave' a service that enables merchants accept global payments from card, bank accounts and USSD -...