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Why Ugandan startups attract less financing

Daily Monitor
Tuesday May 25 2021
A visitor admires an exhibition of a fashion start-up at Motiv in Bugolobi. Dating back to 2012, a Digest Africa report has recorded over $55m (Shs196b) raised by Ugandan startups across 168 deals with investment activity peaking between 2017 to date.
PHOTO/COURTESY
Summary
MTN Rwanda recently decided to consider setting up an independent company to take on and operate its financial technology operations.
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The chief executive officer Mitwa Ng’ambi said financial technology was fast becoming influential in digital finance, so it has been considering setting up an independent subsidiary to run those operations, Rwanda’s The New Times reported. ....

South Africa , Mark Mukasa , Peter Kawumi , Mitwa Ngambi , Shamirah Kimbugwe , Group Vice , Financial Technology Service Providers Association , Mitwa Ng Ambi , New Times , Daily Monitor , Vice President , East African , Pivot Payments , Digest Africa , Xeno Investment , Clinic Pesa , Venture Capital , Mtn Rwanda , Independent Subsidiary , குறி முகாசா , குழு துணை , புதியது முறை , தினசரி மானிட்டர் , துணை ப்ரெஸிடெஂட் , முன்னிலை கொடுப்பனவுகள் , துணிகர மூலதனம் ,

How Uganda's fintechs can attract funding

Daily Monitor
Tuesday March 16 2021
A man uses a visa card to complete a transaction. Fintechs have largely relied on venture capital funding to develop scalable products that can serve across many markets. PHOTO/Eronie Kamukama
Summary
Uganda attracts the least funding for fintechs in venture capital, with Rwanda, Kenya, Egypt, and South Africa and Nigeria being the leaders in hedge funds,
Paul Murungi writes.
Over the last 50 years, banks have played a primary role in banking or financial intermediation. This has slowly progressed into electronic payments with the evolution of Real Time Gross Settlements (RTGS) and Electronic Funds Transfer (EFT), among other modes of financial innovations to facilitate payments between different institutions and across borders. ....

South Africa , Peter Kawumi , Paul Murungi , Shamirah Kimbugwe , International Finance Corporation , Financial Technology Service Providers Association Of Uganda , African Union , Real Time Gross Settlements , Electronic Funds Transfer , Pivot Payments , Economy Africa , African Internet , West Africa , Minimum Viable Product , African Continental Free Trade Area , Financial Intermediation , Electronic Funds Transfer Eft , Mobile Money , Covid 19 , சர்வதேச நிதி நிறுவனம் , நிதி தொழில்நுட்பம் சேவை வழங்குநர்கள் சங்கம் ஆஃப் உகந்த , ரியல் நேரம் மொத்த குடியேற்றங்கள் , மின்னணு நிதி பரிமாற்றம் , முன்னிலை கொடுப்பனவுகள் , குறைந்தபட்சம் சாத்தியமான ப்ராடக்ட் , மின்னணு நிதி பரிமாற்றம் எப்ட் ,