Financial

Mastercard has expanded its presence in East Africa by opening its first office in Uganda. This is in line with the company's commitment to boost financial inclusion and digital transformation in the country and aligns with Uganda’s projected economic growth of 6.2% by 2025. It also reflects the country’s increasing role in the regional digital economy.

In 2022, Uganda’s fintech sector added over 10,000 new jobs, with projections suggesting this number will exceed 20,000 by 2025.

Uganda’s financial services sector has undergone significant transformation, positioning the country as a leader in mobile money and digital banking within Africa.

Airtel Mobile Commerce Uganda (AMCUL) has entered a strategic partnership with Stabex International, a prominent fuel distribution company, to enhance cashless payment options.

Uganda anticipates a reduction in tax revenue losses as commodity prices are expected to decline.

South African fintech company Paymenow has entered a partnership with Uganda's Thiqa Digital Finance to enable government employees to access their earned wages early using a mobile application.

MTN Uganda has unveiled tesadeals.com, an online marketplace for sellers and service providers.

eTranzact Global Limited, a Nigeria-based payment technology solutions provider, has set its sights on the Ugandan market after securing an operational license from the Bank of Uganda.

By Mark KawalyaBank of Uganda recently issued a directive mandating mobile money agents to verify customers’ identities with…