Solar energy company SolarNow has raised $9M to scale its services across Uganda

Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit. The funding comes 3 months after the startup raised a $740,000 grant from the Mastercard Foundation Fund for Rural Prosperity. According to Digest Africa Deals Data, the amount puts […]

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Fintech flourishes in Uganda as regulation remains hands-off for now

Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly to the hands-off approach of the country’s regulators. Although regulation does exist, it applies only to certain areas of the fintech market and even in those areas, it tends to be loosely applied. For example, […]

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Uganda Bankers Association and Mastercard partner to Strengthen the country’s Financial Services Sector

Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen the local financial services sector. This is in support of  Uganda’s National Vision 2040 that aims to transform the country into a prosperous African powerhouse. The agreement between UBA and Mastercard is geared to support […]

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Siemens signs MoU with Uganda and Sudan to develop solutions in power supply, transportation, industry and healthcare

Siemens has signed a Memoranda of Understanding (MoU) with Uganda and Sudan improve power supply, industry, transportation. The corresponding MoU between the two African countries and Siemens was signed at the World Economic Forum 2017 in the South African city of Durban. Under these agreements, Siemens and its partners will develop solutions in the areas […]

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Airtel Kenya drops roaming data and call rates in Uganda

Bharti Airtel has  announced a significant reduction in data roaming and rates in Uganda. The data rates have reduced by 78%  and call rates by 60% for its prepaid and postpaid customers while roaming in Uganda. The company says the reduction is in line with Airtel’s “One Area Network” proposition which is aligned to the […]

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