Millions more people in Africa now have access to financial systems thanks to cashless systems using digital technology, and more people are seeing the benefits of mobile banking, according to Ecobank, the leading independent pan-African banking group. Ecobank is the main sponsor at the Africa Tech summit currently taking place
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A football franchise generates money from a number of avenues but most funds are raised from sponsorships. On top of that, football teams make money from TV sponsorships, sale of merchandise like club t-shirts or scarves, partnerships, gate collections and donations. In Uganda, the economic potential has not fully been
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Tanzania has burned 5,000 chicks that were illegally imported from Kenya into the country, the Kenyan newspaper Daily Nation reports. The one-day-old chicks were brought into the country through the northern Namanaga border. An official in the ministry of livestock, Maria Mashingo, told the Daily Nation that the chicks were
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The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde has revealed that smuggling of tax free sugar into Uganda is killing the sector. The minister made the remarks on Tuesday in her presentation to Parliament on the importation of one million tons of duty free sugar from Kenya. “Smuggling of
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Many successful entrepreneurs constantly carry out research about business they are involved in as well as other investment opportunities. It is this passion that saw a youthful Kenyan travel to Uganda to learn more about the mandazi business. KDF, the mandazi and not the Kenya Defence Forces, is one of
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The Minister of Finance, Planning and Economic Development, Matia Kasaija has joined the ‘mushrooming’ radio business in Uganda. Karuguuza Development Radio (KDR) is airing on frequency 100.3fm. It went on air last month. There are unconfirmed reports that he owns it with two other businessmen. Appearing on the station for
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Doctors at Kenyatta National Hospital (KNH) have successfully reattached the severed hand of 17-year-old Joseph Thairu from Kiambu County, the Standard Newspaper reports. Thairu's arm was accidentally cut off while cleaning a chaff cutter. He had just finished feeding their cows The highly delicate procedure lasted seven hours. It involved
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Hope came in with a new sport for Kisenyi, the largest Kampala slum that has for long been notorious as a violent enclave for drug distribution and abuse, prostitution as well as all forms of thuggery. The noisy chatter, tired unplanned cribs, smelly drainage and dusty narrow roads is the signature tune
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Matooke (bananas) is a staple food for many Ugandans. It has become a food of all seasons that you can't find a traditional ceremony without banana part of the menu. Matooke is also included on the menu of many big hotels in Uganda. In simple terms, there is ready market
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For start-ups and small businesses that don’t have any assets, getting a loan can be extremely difficult. Without access to any form of security, micro, small and medium-sized enterprises (MSMEs) attract a high-risk premium from lenders. This means MSMEs will either be denied a loan or get the cash at
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