Ecobank makes big push for mobile banking customers

Ecobank makes big push for mobile banking customers

With a growing presence in Kampala, West African financial giant Ecobank has announced that its Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago. A statement from Ms. Primrose Kobusingye, Ecobank Uganda head of Communications revealed […]

Taxify announces new discount

Taxify announces new discount

Weeks after launching their boda boda service in Kampala, is the fastest-growing ride-sharing platforms in the world has announced an attractive reduction in their pricing. A statement released in the first week of March effected a mega drop in their fares in a bid to make their services more affordable and also better serve their […]

Digital star Ssenkenzi leaves bankrupt Vodafone for Airtel Uganda

Digital star Ssenkenzi leaves bankrupt Vodafone for Airtel Uganda

At a Ugandan Internet service provider that uses Vodafone’s brand, John Ssenkenzi has created and overseen some big-name digital campaigns, including the Zaga ReMix that revolutionized Kampala’s internet usage. He has also worked in the news industry at UBC TV a social media specialist before turning around Daily Monitor’s digital between 2014 and 2016 and […]

Shs1 Trillion NSSF Lubowa Housing Project building kicks

Shs1 Trillion NSSF Lubowa Housing Project building kicks

The National Social Security Fund has officially commissioned the construction of the 2,740 unit, housing project in Lubowa, Wakiso district in its continued effort to expand its investment portfolio to give its members more competitive returns on their savings. The real estate project, which will cost an estimated USD 400 million over a 10-year period, […]

Co-op Bank will save Uganda the ’embarrassment of borrowing from China’

Co-op Bank will save Uganda the ’embarrassment of borrowing from China’

Civil Society organizations have joined the push for the revival of the defunct Uganda Cooperative Bank. The Bank, which provided low-interest loans to farmers through cooperative societies, was wound up in 1998 amid reports of fraud and poor credit policies which triggered its insolvency and inability to raise minimum capital requirements. Its closure implied that […]

Uganda oil not safe with Museveni hobnobbing with Nguema Mbasogo – Lukwago

Uganda oil not safe with Museveni hobnobbing with Nguema Mbasogo – Lukwago

Embattled Kampala Lord Mayor Erias Lukwago says Ugandans are not putting enough pressure on President Museveni’s plan for the country’s oil wealth because “he is not understandable,” the politician said. Museveni and his entourage today return from Equatorial Guinea after a four days oil and security trip on the invitation of the West African nation […]

Direct Pay Online acquires Virtual Card Services (VCS) South Africa

Direct Pay Online acquires Virtual Card Services (VCS) South Africa

With an expanding Uganda presence, Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, post the earlier acquisition of VCS Namibia and VCS Botswana. Furthermore this acquisition further bolsters DPO’s leading position in Southern Africa post its previous […]

After buying Warid, VG Somasekhar returns to finish Airtel job

After buying Warid, VG Somasekhar returns to finish Airtel job

Astute business leader Mr. VG Somasekhar is returning to Kampala as Airtel Uganda Managing Director, the country’s second biggest telecom service provider has announced. Mr. Somasekhar is widely remembered for leading Airtel from December 2010 to February 2014, during which period he oversaw the Airtel-Warid merger – the first telecom merger in Uganda and the […]

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