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Madica gets US$6m from Flourish Ventures to back more African startups
Madica has secured an additional US$6 million from Flourish Ventures to extend its pre-seed investment programme by three years. It…
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Bank of Uganda doubles surplus as cash demand holds firm
The Bank of Uganda (BoU) doubled its financial surplus to UGX1.32 trillion (about US$367 million) in the financial year ended…
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Cassava joins World Bank plan for shared AI computing in Africa
Pan-African technology group Cassava Technologies has been named a knowledge partner in a new World Bank Group initiative to give…
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Equity Bank Uganda lends Ush37.6bn for green projects
Equity Bank Uganda has extended Ush37.6 billion (about $10 million) in green loans over the past three years to finance…
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South Africa’s Nedbank completes 66pc NCBA takeover after regulatory nod
South Africa’s Nedbank Group has completed its acquisition of a 66 per cent controlling stake in NCBA Group, making the…
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Bank of India Uganda partners with Interswitch to launch its first debit cards
Bank of India Uganda has launched its first debit card service through a partnership with Interswitch East Africa, giving customers…
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NCBA Bank Uganda waives digital transaction fees until December 2026
NCBA Bank Uganda has waived transaction fees on selected digital banking services until December 31, 2026, to ease costs for…
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M-KOPA reaches 10 million customers as its solar financing roots give way to a broader African fintech business
M-KOPA has marked its 15th anniversary after reaching 10 million customers across Africa, while recording a 45 per cent increase…
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Uganda’s MAM Telecom bets on agent float gap with $250,000 grant
Ugandan financial infrastructure company MAM Telecom Ltd has secured US$250,000 in grant funding from a private South African businessman as…
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Museveni pushes AI, digital tools to grow Uganda tourism earnings
Uganda is betting on artificial intelligence (AI) and digital platforms to grow its tourism earnings. President Yoweri Museveni has urged…
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