Xpress Money, one of the most dependable money transfer brands in the world, recently partnered with FINCA UGANDA to deepen its footprint in Uganda. This partnership with FINCA UGANDA comes by virtue of the brand’s association with Diamond Trust Bank – Xpress Money’s principle partner in Uganda. Xpress Money offers
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Facebook has said “almost 50 million” of its users were left exposed by a security flaw. The company said attackers were able to exploit a vulnerability in a feature known as “View As” to gain control of people's accounts. The breach was discovered on Tuesday, Facebook said, and it has
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dfcu Bank has been recognized as the number one promoter of financial literacy in Uganda. The recognition was made at the 2018 Digital Impact Awards Africa which were held last Friday at the Kampala Serena Hotel. The award for promoter of financial literacy was given to the bank for its
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In line with its focus on bringing people together and supporting the development of connected communities, Facebook has announced the names of 116 people worldwide who have been selected to join the Facebook Community Leadership Program. Around a dozen African community leaders have been selected to become programme residents and
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Every day, the African tech sector uses some of the most basic mobile technologies in the world to create new disruption. A rising generation of technologists, coders and entrepreneurs are stepping up to solve some of our continent's most pressing problems. Entirely new industries around payment solutions, crowdsourcing and
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Huawei, a leading global Information and Communications Technology solutions provider (“ICT”) has today registered 800 plus I.T students from Universities all over Uganda to take part in the global Huawei ICT competition. This is the first round of registration that happened between 17th and 18th September 2018 at Makerere, Kyambogo,
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The Government of Uganda has revealed that it will renew MTN license but with new stringent terms. The revelation was made by ICT Minister, Frank Tumwebaze Tuesday morning at Uganda Media Centre while addressing members of the press about yesterday’s Cabinet Resolutions. “The Minister of ICT was given a go
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The high daily transaction limit for mobile money transactions is fuelling money laundering in the country, according to Sydney Asubo, the Executive Director of the Financial Intelligence Authority (FIA). The electronic mobile service allows users to store, send and receive money on their phones. In Uganda, the service allows customers
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The African Innovation Foundation (AIF) Thursday announced its top 10 nominees for its prestigious US$185 000 (Shs702m) Innovation Prize for Africa (IPA) 2018 awards. This year’s Call for Applications with its theme “African innovation: Investing in Inclusive Innovation Ecosystems” attracted more than 3 000 applications from 52 African countries. Building
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Bank of Uganda has backtracked on its earlier position on the controversial Mobile Money tax where it said that the tax was not only discriminative, but was also going to adversely affect financial inclusion. However, in a new twist, the Central Bank is now supporting the Excise Duty Amendment Bill
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