Last week, ALTX East Africa Ltd went live with its high tech exchange. The team led by CEO, Joseph Kitamirike has built the exchange since 2013, and spent most of the last eight months optimizing their systems, aiming to deliver a world class securities exchange facility. The platform obtained regulatory...
According to the latest figures compiled by International Data Corporation (IDC); a global technology research and consulting services firm, show's Africa's smartphone revolution showing signs of a slowdown. According to IDC, the continent's smartphone market totaled 95.37 million units in 2016. And while this is up 3.4% year on year,...
The Director of Public Prosecutions (DPP) has withdrawn court case number 276-2012 previously brought under private prosecution against a number of MTN Uganda executives. This was based on the fact that there is no evidence to prosecute. The executives are; Charles Mbire, Mazen Mroué, Khumo Shuenyane, Nosipho Molope, Sifiso Dabengwa,...
Microsoft's Xbox Music service has become available on iOS and Android devices today. The apps offer ad-free music streaming for subscribers, the ability to add songs, albums and playlists to your Xbox Music collection, playlist syncing with other devices and artist-based radio-stations. One thing the apps don't offer is offline listening,...
Facebook-owned messaging firm; WhatsApp launched their standalone mobile app for businesses; dubbed WhatsApp Business. The standalone app aims at helping SMEs effectively communicate with their clients and customers. WhatsApp announced the plans to kick off its WhatsApp for Business initiative back in September last year and launched a pilot by partnering with...
Citing sources familiar with the company's plans, Re/code this week reported that Nokia plans to unveil a new VR project—first rumored back in April—at a VIP-only event in Los Angeles next week. Details about the device remain scant, but it is reportedly under development by Nokia Technologies, the group left...
TaxifyBoda is here! Earlier this week, we reported that ride-sharing firm; Uber is planning on launching moto-taxi demand service in Uganda following its success in Bangkok, Thailand and India that have a wide usage of Motorbikes. Same case here in Uganda, with over 10,000's of motobike-taxi we think it would be...

ibmInternational Business Machines (IBM) reported second quarter net income up 8% on the same quarter last year.

The rise was fuelled by strong growth in sales of both its computers and software.

The foreign exchange market (also known as “devizakereskedés” in Hungary) is in many ways a training ground for successful businessmen. Forex trade teaches a trader lesson that can be applied in virtually any sphere of business. But what does it take to be successful in the trade in the...
A $142m loan has been approved by the African Development Bank to help fund the construction of a 100-megawatt (MW) concentrating solar power plant in South Africa. This is the bank’s first loan for a renewable energy project by an independent power producer in the country. A consortium led by Spanish company...