Separation of mobile money services from Telecom operations is a blessing in disguise- Airtel Uganda

The government last week issued a directive to telecommunication companies to separate operations between mobile money and telecom services. The government went ahead to issue financial service operator licenses to the major Telecom companies, Airtel and MTN. Airtel mobile money will be trading as Airtel Mobile commerce Uganda while MTN will be trading as MTN Mobile money Uganda. This split…

World Bank’s IFC sector gets Ugandan as a vice president

Ugandans are doing well when it comes to international organisations. Apart from figures such as Winnie Byanyima, Justice Julia Ssebutinde, another Ugandan has arrived at the big stage. The International Finance Corporation a private sector arm of the World Bank announced Emmanuel Nyirinkindi, a Ugandan national as it’s new vice president. The IFC being an arm under the World Bank…

Shs52bn data centre set to boost Uganda’s digital economy according to US group Raxio

The covid 19 pandemic saw an increase in internet usage globally. This was due to the fact that most people devised means of working from home in fear of catching the disease. This meant increased pressure on broadband networks. According to Robert Mullins, the Raxio Director they are set to construct a second data centre in Uganda. This will cost…

Transactions from Mobile Money hit 1 billion

For the first time mobile money transactions crossed the one billion mark. With this, they surpassed the shs954 million recorded in the 2020 third quarter that has been the highest. This information was released in the Uganda Communications Commission Market Performance report for the fourth quarter that ended December 2020.  This performance translates into 15 transactions monthly per every active mobile…

Uganda Is A Sure Profitable Country-President Museveni Assures Singer Akon

President Museveni has embarked down to business already after swearing in officially for his sixth official term. In a meeting held at State House Entebbe, the president met American singer Akon and his entourage who are seeking investment opportunities in Uganda. President Museveni is well known at enticing foreign investors and this was the case while addressing this delegation. He…

1 2 3