CoinPesa, a Ugandan digital currency exchange has launched its Initial Coin Offering (ICO) pre-sale with the aim of getting more Ugandans on the cryptocurrency band wagon. Dubbed the CoinPesa Champion Referral Program, it uses Blockchain technology to create digital assets through tokenization and provides a way for users to generate
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By Aloysious Kasoma DHL Express, the world’s international express service provider, has urged Ugandan entrepreneurs to increase their share of the trillion-dollar global e-commerce market. During a workshop held at DHL Headquarters in Kololo on Thursday, Fatma Abubakar, Country Manager DHL Express Uganda said Ugandans businessmen and women should enhance
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Lawyers advised government to scrap off the controversial Mobile Money tax, noting that it is illegal since the sector is not regulated. Appearing before the Finance Committee on Thursday to give their views on the Excise Duty Amendment Bill No.2 of 2018 where government proposes to reduce the mobile money
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Tanzania telecommunications regulator intends to suspend licences issued to pay TV Company Multichoice Tanzania Limited, for failing to comply with its orders on free-to-air content. The Communication Regulatory Authority (TCRA) in a statement stated it has on several occasions required Multichoice to abide to the licence conditions not to include
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Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes eleven (11) fintech start-ups from across the continent and beyond. An Innovation Fair & Awards ceremony will honour the start-ups
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Private sector players under their umbrella body, Private Sector Foundation- Uganda (PSFU) have asked government to completely scrap off tax on Mobile Money (MM) withdrawals and cut on luxurious expenditures that result into ridiculous tax proposals. Appearing before the Finance Committee of Parliament on Tuesday to submit their views on
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MTN Group today released the interim results for the first half of 2018. The results point to improved revenues – up by 10.2% - for the MTN Group, with Uganda being a major contributor to that growth. According to the results, MTN Uganda’s revenue expanded by 8.8% to Ugx734.4bn on
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Huawei Consumer Business Group shipped more than 95 million smartphone units in the first half of 2018. According to IDC, Huawei overtook Apple to become the world’s second-largest smartphone seller behind Samsung, the first time in seven years that any contender has managed to split the top two. Huawei's global
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By Our Reporter As farmers count losses over low maize prices that have hit a record Shs150 per kg, the Information Technology (IT) innovators are poised to play a big role in improving agricultural sector. Uganda Communications Commission (UCC) has partnered with Uganda Technology and Management University (UTAMU) to equip
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By Sherry Zameer According to the 2017 Mobile Economy Report of the GSM Association, Africa currently has 420 million unique mobile subscribers representing a 43 percent penetration. By 2020, the Report predicts that 500 million Africans will be mobile subscribers, making it the fastest-growing mobile market. Perhaps more important, smartphone
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