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The banking sector has been on a growth for the past two years at a 6-7% rate much as there has been a rise in the mobile financial means of…
Kihuguru, who cut his teeth in the trade as an insurance officer with Uganda Commercial Bank (defunct) between 1985 and 1990, is a guru who has ironed his collar in the insurance sector over the years with steadfast commitment to the sector. At the mention of Insurance growth in Uganda, you can’t miss his name. In 1985, a young Geoffrey Kihuguru walked into Uganda Commercial Bank, then the biggest commercial bank in the country, for his first job. He was fresh from Delhi, India, armed with a Bachelor of Arts Degree in Insurance. It would probably have been the wildest…
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Agent Banking means providing limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. Equity Bank has taken the central bank’s financial inclusion call a notch higher with the introduction of banking services such as agency banking to refugee societies within the East African Community. The innovative Biometric Card Solutions enables refugees access formal financial services securely. Agent Banking means providing limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. Under the agent…
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Christine Alupo, Bank of Uganda’s communications director, says foreign exchange market was liberalised in the 1990s, paving way for the licensing of foreign exchange bureaus as opposed to forex being officially allocated by the central bank. Ronald Namisi scanned the currency notice board outside a forex bureau on Nakivubo Lane in downtown Kampala. The rate appeared to be favourable for his bargain. He had a total of US Dollar 200 in three denominations of 100 dollar bill and two 50 dollar bills, to exchange into Uganda Shilling. From quick calculations, he saw himself walk in there and out with at least…
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Following Airtel’s recent launch of a new data proposition offering its customers more for less, MTN, the country’s leading telecom in both customer base and revenues, has reacted by drastically…
Africell is currently the third biggest telecom in Uganda with a market share of about 4 per cent, that is around 1 million subscribers altogether. Since its acquisition of Orange Uganda in May 2014, Africell telecom has been on a drive to map out its market in the internet sub sector but also capture more voice customers. Just last year, this Lebanese owned company was on a high market drive involving well though internet propositions, voice bundles and country wide trade activations speared headed by its brand ambassadors from the entertainment industry such as David Lutalo, Sheebah Karungi, Bebe Cool…
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The East African region had 62.46 million internet users by the end of 2017, a latest report has revealed. The report, “Digital in 2017: A study of Internet, Social Media and Mobile throughout the Eastern Africa Region,” covered the 6 East African Community countries namely; Uganda, Kenya, Tanzania, Rwanda, South Sudan and Burundi. According to the findings, Burundi had the least number of internet users in the region at 0.57 million, representing just 5% of its total population. It was followed by South Sudan with 2.32 million internet users, representing 18% of its overall population. Rwanda’s 3.22 million users represent…
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It’s one thing to name your operation or business ‘smart’ but another altogether to live it. For the proprietors of Smart Telecom, everything was smart about their operations until something inexplicable happened. So inexplicable it must have been that no one wants to talk about it or even the fate of Smart Telecom. The nice name stands. The telecom remains ‘operational’. But there are just so many unanswered questions about its operations that it makes very little sense even asking. However, for curiosity’s sake, where is Smart Telecom? Smart Telecom stormed the market in March 2014 with a colourful launch…
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