The Bank of Ghana raised 7 billion cedis at an average yield of 21.46 percent through a bill auction on October 20. The central bank accepted all bids ranging from 20.00 to 20.81 percent annually as part of efforts to control liquidity and stabilize the currency. Inflation stood at 28.3 percent in September, while government…
MTN Mobile Money Limited plans to launch credit programs for Ghana’s economy. Chief Executive Officer Shaibu Haruna said most people must save substantial amounts before buying goods, thereby limiting their financial flexibility. He spoke at a media session on Wednesday, October 22. The company will introduce buy now, pay later options and overdraft services to…
MTN Mobile Money Limited is strengthening measures to combat fraud in Ghana’s financial technology sector. Chief Executive Officer Shaibu Haruna announced that the company works with regulators and police to address digital scams that threaten industry growth. He made the statement at a media roundtable on Wednesday, October 22. The firm has invested in security…
The Consortium of Uganda University Libraries convened its fourth annual research conference at the Imperial Royale Hotel in Kampala from October 16 through 17. Prof. Mary J. N. Okwakol from the National Council for Higher Education opened the gathering, while Ms. Iryna Kutchma delivered remarks about open access. The event focused on expanding knowledge-sharing across…
Pearl Bank Uganda and Stanbic Bank Uganda have joined forces to link their digital payment systems, Wendi and FlexiPay. The platforms together reach more than one million customers who use them for savings, loans, and online purchases. Users will benefit from reduced transaction costs and easier access to services across both networks. The partnership was…
NOVA Microfinance and Spiro have joined forces to expand the ownership of electric motorbikes among Ugandan riders and small business operators. The program launched in Kampala, Jinja, and Iganga requires an initial payment of 180,000 shillings, followed by weekly installments over 12 to 24 months. Transportation plays a vital role for delivery workers, traders, and…
A finance leader argues that Uganda Revenue Authority should assume control of Local Service Tax collection from local governments to address systemic inefficiencies. Companies currently separate their workforce by municipality for compliance purposes, but most local authorities outside Kampala Capital City Authority remain unresponsive to LST inquiries. Businesses report waiting over a month for guidance…
Code Forces, a Ugandan team that won the Absa GirlCode 2025 hackathon in Kampala, placed third at the continental finals, where eight African cities competed. The group developed Teleka, a student savings application that helps users manage and invest their funds. Team members Ann Treasure Karagwa, Ayan Mustafa Abdirahman and Shakiran Nanyombi are third-year software…
Uganda Breweries Limited launched its 2025 festive gifting campaign, centered on personalized hampers that customers can engrave or label without charge. The brewer offers three distinct lines: corporate hampers for business gifting, family bundles for home celebrations, and party packs featuring spirits, mixers, and trained staff support. Premium products span Johnnie Walker engraved bottles, Tanqueray…
The Uganda Revenue Authority asked judges to resolve 58 tax cases worth more than 671 billion shillings that have been stuck in court. Commissioner General John Musinguzi Rujoki told justices at a training session in Entebbe that delays hurt government income collection and business confidence. The country collects tax equal to 13.9 percent of economic…
