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Uganda’s startup ecosystem is maturing. There is more capital flowing in from private equity (PE), venture capital (VC), and development finance institutions (DFIs). The once-nascent innovation scene is now witnessing landmark investments, scaling ventures—and increasingly, high-stakes exits. Over the past decade, East Africa has attracted more than USD6.4 billion in private equity (PE) and venture capital (VC) investments. As such, Uganda’s share is rising steadily from under 10% in 2013 to nearly 20% by 2023. Once overshadowed by Kenya, Uganda is now second only to Nairobi in regional deal flow, consistently capturing between 15–20% of all transactions. The momentum has…
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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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If there is one sector that is experiencing a continuous revolution, it is financial technology (Fintech). The sector seems to be in constant motion, transforming how businesses and people transact, offering a variety of innovative payment, money transfer, financial inclusion, and smarter financial solutions. Over the last five years, fintechs have given users a variety of solutions, and 2025 presents new momentum that will foster continuous innovation to address present challenges, such as high transaction costs and financial exclusion, while providing user-friendly services that empower businesses and consumers. And as such, today, we look at Fintechs making a difference, which…
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Xente, a licensed Ugandan-founded financial technology platform that offers business payments solutions has announced its partnership with Visa, the global leader in digital payments to issue virtual and physical Visa business cards across businesses by enabling them make payments to online and offline vendors, disburse money and manage business expenses. Allan Rwakatungu, Xente’s Founder and CEO noted that the physical and virtual visa cards are specifically designed for businesses which allow businesses to pay globally anywhere visa is accepted. “This card, not only allows businesses to pay, but allows them to set payment policy to control where the cards are…
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The Ministry of ICT & National Guidance has announced the innovators and Business Process Outsourcing (BPO) practitioners that will represent Uganda during the Innovation Week at the Expo 2020 Dubai. The Innovation week will run from the 22nd – 27th March 2022. Themed, “Discover Africa’s Innovation Powerhouse”, the Government will celebrate Ugandan excellence and industry by profiling Ugandan talent and inviting the world to discover the opportunities that abound in the Pearl of Africa. The campaign will also highlight how innovations by Ugandans are creating solutions to the various societal challenges. The main objectives of participating in the Expo are…
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As Uganda’s 14-day lockdown enters into day 2 and businesses generally suffer from Covid-19 related travel restrictions, Xente Tech, an African e-commerce, and financial services fintech has offered to migrate Ugandan micro-businesses to the Xente online sales platform for free. This limited-time offer will allow especially small businesses to stay trading, cutting costs and increase sales today and in the future, according to Allan Rwakatungu, Xente’s Chief Executive Officer. “If you sell physical products, we can quickly shift your sales channel mix from person-to-person and physical stores to new digital and online channels. We will put special emphasis on Buy…
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Albert Mucunguzi, Chairman , ICT Association of Uganda says the two-day event will be a celebration of Uganda’s digital journey and will be an avenue to discuss solutions to the on-going setbacks in a bid to build better digital spaces and transform Uganda’s tech ecosystem KAMPALA — HiveColab, an innovation hub and startup incubator in Kampala, has partnered with ICT Association of Uganda (ICTAU) and will in November host the much-anticipated Swarm Summit and Tech Expo 2019. According to organisers, this year’s exhibition will be held at Uganda Manufacturers’ Association (UMA) show ground in Lugogo, between 22nd to 23rd of…
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