At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….
The stock market continues to deliver standout opportunities for investors. Five locally listed companies posted exceptional returns that outpaced both government bonds and the National Social Security Fund (NSSF). The latest edition of the Black Diamonds Update by Crested Capital highlights counters that achieved total shareholder returns above 25% between January and September 2025. Bank of Baroda and QCIL lead the pack At the top of the list is Bank of Baroda (BOBU), which recorded a staggering 97.75% total shareholder return. This was driven by a sharp rise in its share price from UGX 22.25 at the start of the…
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After a year in legal limbo, Uganda’s Competition Act has finally come to life. The Competition Regulations, 2025, are now in force, setting the stage for active enforcement of antitrust…
In a bold move to deepen financial inclusion across Uganda, Wendi, a digital mobile wallet developed by PostBank Uganda which has embarked on a journey to rebrand to Pearl Bank,…
Imagine Amina, a young mother in Kampala, waiting every month for money sent by her brother working abroad. That money pays for her children’s school fees, medicine, and food. But…
In the heart of Kampala’s busy central business district, the rhythm of modern life pulses through the fingertips of Gen Z digital influencers and their smartphones. At concerts, fashion shows, or corporate events, they glide through a stream of apps on sleek, glass-encased smartphones—devices that have become more command centers than mere phones. With a tap, the internet brings real-time social updates to life, AI tools polish photos before they’re posted, and mobile wallets handle everything from splitting bills to paying Uber fares. Now rewind to 1993, just three decades earlier. In the same city, another young Ugandan was perhaps…
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For three decades, the mobile phone has been an evolving cornerstone of Uganda’s landscape, consistently defying obsolescence. Far from being a mere communication device, it has seamlessly integrated into the fabric of Uganda’s economic ecosystem and the daily tempo of its citizens’ lives. It has also solidified its place as an indispensable tool that continues to drive progress and shape lifestyles. Uganda has become a fertile ground for digital entrepreneurship, with startups leveraging mobile technology to bridge critical gaps in fintech, healthcare, agriculture, and lifestyle services. The genesis For years, mobile phones in Uganda were primarily tools for voice calls…
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In the age of fibre optics, mobile money, and the explosive promise of artificial intelligence, the Uganda Communications Commission (UCC) sits at the epicenter of a digital revolution from telecom licensing and data security to rural connectivity and tech innovation. But beneath this sweeping mandate, the Auditor General exposes a sobering reality – one riddled with enforcement lapses, delayed projects, uncollected revenue, and missed opportunities in a sector central to Uganda’s transformation ambitions. The report for the year ended June 2024, steeped in detail and accompanied by sharp recommendations, draws a portrait of a regulator that is technically capable but,…
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Until 2007, mobile phone subscribers had largely known voice and short message texting needs. In fact, for a long time, the mobile phone had no major use apart from making and receiving calls, and occasionally sending short text messages. However, in 2007, after 11 years of launching in 1998, MTN broke new ground with the launch of WiMAX broadband services, a cutting-edge product that would propel mobile phone users into the future. By 2007, it had been 12 years since the launch of the first mobile phone in Uganda by Celtel, and later by MTN, which launched in 1998….
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Soumendra Sahu is set to take over as Airtel Uganda’s new Managing Director following Manoj Murali’s retirement at the end of this month. Soumendra is a ‘Big Boy’ in the telecom business having spent a bigger part of his career at Bharti Airtel in Gujarat, India, where he has been serving as the Chief Executive Officer since 2020. Before being appointed Chief Executive, he rose through the ranks from being Vice President of Marketing in 2015, Head of Sales of Operations in 2017 and Chief Operating Officer from 2017 to 2020. Soumendra has over twenty years of experience in intensive sales…
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