Startups Archives

A photo collage of Uganda's Finance Minister Matia Kasaija and URA Commissioner General John Musinguzi Rujoki

EXPLAINED: What’s New on Taxes in Uganda’s 2025/26 Budget?

Uganda has set an ambitious target to raise UGX 37.2 trillion in domestic revenue in the Financial Year (FY) 2025/26, representing a sharp increase from the projected UGX 31.9 trillion in FY2024/25,

June 12, 2025

Politics & Goverment·The Big Story

Innovative Ugandan Startup Founders to Watch in 2025

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February 14, 2025

The Big Story

We Are Going to Build Uganda’s First Unicorn. – Easy Ride CEO

The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the continent, the

January 17, 2025

Banking & Financial Services·Entrepreneurship·Global News·The Big Story

Which Ugandan Startups Have Been Involved in Acquisitions?

In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established, purchases another,

January 15, 2025

Business & Markets·Entrepreneurship·Global News·Lists & Rankings·The Big Story

Ugandan Startups Raise USD 19M in 2024.

Ugandan startups raised $19m in 2024, bouncing back from the lowly $4.8m that they raised in 2023 as per Africa: The Big Deal database. Africa: The Big Deal database is a database

January 15, 2025

Business & Markets·Entrepreneurship·News & Analysis·The Big Story·The Executive Traveler

After Raising a $30M Series B, Fido Credit Sets its Sights on Tackling Uganda’s Credit Gap.

According to the International Financial Centre (IFC), Africa has a credit gap of $330 billion. Some estimates put this figure as high as $800 billion. Due to low banking penetration, many Africans

September 13, 2024

Business & Markets·News & Analysis·Technology & Innovation·The Big Story

Ethan Bampaire, the co-founder and CEO of Neexa AI.

Why Ugandan Businesses Are Using Ethan Bampaire’s Neexa AI to Improve Customer Service and Sales.

I visited the Victoria University website to make a few inquiries at around 4 AM in the early morning. When the page finished loading, I saw an AI assistant called Conan. Conan

September 9, 2024

Business & Markets·Company News·Entrepreneurship·The Big Story

Jumia packages at a pick-up point in Kenya.

Jumia’s Revenue Falls 25% in Q2 2024, Set to Raise $100m to Improve Cash Position.

Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for Q2 2024

August 7, 2024

Business & Markets·Company News·Entrepreneurship·Global News·Technology & Innovation·The Big Story

CEO East Africa Analysis: Uganda’s Most Funded Startups from 2019 to 2024.

The startup ecosystem in Uganda has experienced remarkable growth over the past five years, with an increasing number of entrepreneurs launching innovative ventures across various sectors. As these startups seek to scale

August 1, 2024

Lists & Rankings·The Big Story

Christine Namara, Partner at Flat6Labs' first Pan African Fund.

Ugandans Excelling Abroad: Inside the Mind of Christine Namara.

“Do you know Christine Namara?” Godfrey Mutabazi, the founder of Karaa, an e-mobility startup in Uganda, asked me around 2022. “No, I don’t. Why do you ask?” I replied. “She wrote the

July 18, 2024

Business & Markets·The Big Story