Innovation in the financial technology (fintech) industry has been growing steadily over the last few years, mainly driven by digital payments. According to a study commissioned by Financial Sector Deepening Uganda in 2018, digital payments represented 47% of fintech activity…
In January 2024, the Minister of State for Microfinance reportedly suspended the licensing of online money lenders on account of opaque operational procedures, exorbitant interest rates, and privacy concerns. The Minister also noted that a number of these online lenders…
Uganda has often been lauded as being a highly entrepreneurial country. The highly entrepreneurial nature of the country’s population has however been impacted by a difficult operating environment that has limited the growth and scale of start-ups. The key factors…
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