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In its continuous commitment to bolster private sector engagement nationwide, Private Sector Foundation Uganda (PSFU) has declared that the third season of the Women’s Day Katale will take place at the Dam Waters Rugby Ground in Jinja, from March 15th to 17th, 2024. The theme for this season is “Bridging Economic Divides for Women’s Prosperity.” […]

Earning money is very hard but spending needs no rocket science. For instance, it is not news that someone can have TSh. 1,000,000 in the morning and by evening, s/he has used up all the money. This may be due to unnecessary spending, extravagance or poor planning. Nonetheless, Innovators are using technology to develop tools […]

Savings and Credit groups are common across Africa. While they have contributed greatly to the development of local communities, their strong reliance on manual and cash-based processes makes them prone to fraud and mismanagement. But, innovators are now using technology to counter these challenges by developing platforms that digitize these savings and credit groups. One […]

Now and then, people have emergencies and thus seek credit services. Ideally, loans should be affordable with reasonable payment terms. But in the real market environment, most loans are very expensive; the interests are exorbitant, and the terms unrealistic. Money Lenders, mainly loan sharks exploit borrowers who usually don’t have any alternative. To address these […]

Japheth and Benaiah, both seasoned freelancers, had firsthand experience with the challenges of managing payments and records. Even though they would execute their work professionally and diligently, their payments and record-keeping were a mess. ‘Frustrated by the limitations of existing payment solutions, they set out on a mission to create something truly remarkable.’ They created […]

Piggy Banks are lately used to cultivate a saving culture among children. The same, when well managed can motivate even adults to save and later enjoy the benefits of their savings. Technology has made this even easier with new smart ways of saving and investing. In Tanzania, the Kiasi APP was launched to enable targeted […]

On Day 36 of the 40 Days 40 FinTechs initiative for Tanzania, we interacted with Helen Lukundo Chonjo, the Founder and Team Lead at Macho Technologies Limited. Macho Technologies Limited is through its flagship solution, Thamani, using technology to digitize the valuation, insurance and resale of motor vehicles. First implemented in Uganda, 40 Days 40 […]

On Day 35 of the 40 Days 40 FinTechs initiative for Tanzania, we caught up with Nice Msangi; the director of partnerships at IDC Tanzania and overseer of Founders Academy. Both IDC and Founders Academy are at the centre of start-ups and innovators’ empowerment in Tanzania. Importantly, Nice Msangi is the 40 Days 40 FinTechs […]

Savings and credit services are spread across the world. Away from the formal banking systems, most people across Africa come together under small village, community and work associations and start banking groups. They then save on a daily, bi-weekly, weekly, after a fortnight or monthly. They meet periodically, usually every week to review the progress […]

With a population of close to 1.5 billion people, Africa is a continent of endless opportunities. However, due to poor infrastructure, high illiteracy rates and low technology adoption among others, most of these opportunities remain untapped. For instance, the majority of Africans are financially excluded because of the absence of equitable financial products and services. […]