Huawei released its business results for the first half of 2021 today. Its overall performance was in line with forecast. In H1, Huawei generated CNY320.4 billion in revenue, with its net profit margin reaching 9.8%[1]. Carrier business revenue: CNY136.9 billionEnterprise business revenue: CNY42.9 billionConsumer business revenue: CNY135.7 billion "We've set our
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Prof. Emmanuel Tumusiime-Mutebile, the Governor, Bank of Uganda The digital revolution has offered opportunities for financial inclusion and for the provision of a wider suite of financial products and services, regardless of income and location, Prof. Emmanuel Tumusiime-Mutebile, the Governor, Bank of Uganda has said. He made while opening the
Read MoreLloyd Jonathan Busuulwa, Head of Alternative Channels at dfcu Bank On its quest to become a digital bank (4.0), dfcu bank launched a campaign dubbed “Banking at the Speed of you” which is part of its digital transformation journey, in a two-part series, we caught up with Lloyd Jonathan Busuulwa, Head
Read MoreFrom left, Wilbert Ayebazibwe from Directorate of Quality Assurance KIU, Fouziya Sooma Public Relations Manager Huawei Uganda, Jean Gao Deputy Managing Director Huawei Uganda, Assoc. Prof. Janice Busingye, Deputy Vice-Chancellor Finance and Administration KIU, Dr. Margaret Kareyo, Dean School of Mathematics and Computing (SOMAC) and Obinna Osigwe from Directorate of
Read MoreHUAWEI CLOUD IaaS revenue surge by a stunning 202.8%, placing it in the top five list of cloud IaaS providers in the world, according to a report from market research firm Gartner Inc. According to the research firm, this is the second consecutive year of over 200% growth for Huawei Cloud
Read MoreAllan Rwakatungu, the CEO and founder of Xente, a digital account designed to save time and money on everyday business payments. At the beginning of this year, the African Continental Free Trade Area (AfCFTA) came into effect with the main goal of eliminating the obstacles that hinder trade and business
Read MoreMichael Opira, the Chief Operations Officer at Housing Finance Bank Over the last ten years, there has been a steady shift in banking and financial services from the conventional channels to a more digitized service offering. This shift has been accelerated further by the onset of the COVID-19 pandemic, which
Read MoreStudents taking computer lessons. These and many more will find The Lesson materials more interesting/Courtesy photo A section of innovators in the Information Communication Technology (ICT) industry, have shone a ray of hope for parents who are desperately seeking academic excellence for their children in the current COVID-19 lockdown. Shule
Read MoreHuawei underlined its innovative capabilities, walking away with several awards at this year’s Mobile World Congress (MWC), which took place in Barcelona and online from 28 June to 01 July. As the world’s largest exhibition for the mobile industry, Mobile World Congress plays a pivotal role in setting the tone
Read MoreCustomer Deposits Safe, Says BoU After Taking Over Regulation Of Mobile Money Services From UCC
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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