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Financial
141 posts
Raxio Acquires $46m in Equity Funding
By Mark Kawalya Raxio Data Centers, one of Africa’s top providers of carrier-neutral Tier III data centers, has…
NSSF Uganda, in Last-minute Decision, Acquires 50% of Airtel’s IPO stock
By Mark Kawalya The National Social Security Fund (NSSF) of Uganda purchased more than half of the eight…
Jumia and Starlink Partner to Expand Satellite Internet Access Across Africa
By Mark Kawalya Elon Musk’s SpaceX and e-commerce player Jumia Technologies have partnered in a move that will result in a new era of satellite internet services in Africa. This collaboration uses Starlink’s cutting edge satellite technology ad Jumia’s…
Multigate Gets Money Remittance Business Licenses for Uganda and Nigeria
By Mark Kawalya The Bank of Uganda has granted Multigate a Money Remittance Business license, while similarly, the…
Equity Bank, Mastercard Partner to Uplift Uganda’s Digitally Excluded Populations
By Mark Kawalya Equity Bank Uganda and Mastercard have formalized an agreement to advance financial inclusion among Uganda’s…
Emata, an Agric-finance Startup in Uganda, Receives $2.4 Million in Seed Funding
By Mark Kawalya Emata, an agritech startup in Uganda, has raised $2.4 million in seed funding, marking an…
Lipa Later Raises $3.4M In Debt Funding
By Mark Kawalya Kenyan fintech company Lipa Later recently declared the successful completion of a $3.4 million debt…
KCB Bank Launches an Agent App to Boost Service Provision
By Mark Kawalya The KCBU Agent App, a new banking application, has been unveiled by KCB Bank Uganda…
M-Pesa to Offer Standing Orders to Facilitate Payments
By Mark Kawalya Safaricom’s M-Pesa is set to introduce standing orders, a feature that will make it the…
Ugandan Mobility Fintech Asaak Expands into Latin America with Acquisition of Flexclub
By Mark Kawalya Uganda’s mobility-focused fintech company, Asaak, has completed the acquisition of FlexClub, marking its expansion into…