Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda, amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act 2020 and the National Payments Systems Regulations
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Binance, the world's biggest crypto-currency exchange, has been banned by the UK's financial regulator. The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK. It also issued a consumer warning about Binance.com, advising people to be wary of adverts promising high returns
Read MoreAn associate of the Legal Tech Lab About Shs376.9 billion of the 2021/2022 National Budget has been allocated to the Judiciary. Out of this, Shs18.2 billion has been earmarked for implementing the Electronic Court Case Management Information System and the Prosecution Case Management Information System. These deliberate efforts to integrate the
Read MoreDr Ken Hu, Rotating Chairman, Huawei Huawei has opened its largest Global Cyber Security and Privacy Protection Transparency Center in Dongguan, China. It used the event, which included representatives from GSMA, SUSE, the British Standards Institution, and regulators from the UAE and Indonesia to call for a unified approach to
Read MoreAll over the World today, Cybersecurity is a top priority for each and every person using the Internet. But as the Internet advances, threats as well advance with new hacking tools and malware being created every day which makes cyberattacks more advanced and easier than ever before. In Uganda, recent
Read MoreStarting June 1, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda, including MTN Mobile Money Uganda Ltd and Airtel Mobile Commercial Uganda Ltd. Until
Read MoreBy Leo Chen, President of Huawei Southern Africa Region Over the past year or so, digital transformation accelerated at an unprecedented rate in societies around the world. Whether we were working, learning, or staying in touch with friends and family, being online became more critical than ever. Even as vast numbers
Read MoreLycamobile Uganda CEO Vinay Choudary (3rd Left) receiving the license from UCC Ag. Executive Director, Irene Kaggwa Sewankambo (3rd Right). Looking on are UCC and LLycamobile officials The Uganda Communications Commission has granted a National Telecommunication Operator (NTO) license to Lycamobile, making the company the Third National Operator. Lycamobile, whose
Read MoreICT Minister Judith Nabakooba By Francis Otucu The Ministry of ICT and National Guidance reports that the sector registered many achievements in line with the NRM Manifesto 2016-2021, Uganda Vision 2040, NDP III and the ICT Sector Strategic & Investment Plan. ICT and National Guidance Minister, Judith Nabakooba says her ministry achieved
Read MoreKayoola bus assembled in Uganda By Francis Otucu The construction works of Kiira Vehicle plant stood at 75% as of December 2020, implying that the first car plant in Uganda is nearing completion. According to the Ministry of Science, Technology & Innovation (MoSTI), the plant will comprise 40,000 Square Meter Production Facilities with
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