The Bank of Uganda (BoU) has mandated ID verification for all digital transactions exceeding one million Uganda shillings ($260), according to local reports. Announced on April 19, 2024, through its official X account, this directive requires users to present a government-issued ID for transactions at… Read More
Binance, the world’s largest cryptocurrency exchange by volume, announced this morning that it has begun accepting registrations at its Binance Uganda exchange. “Users are now able to complete full account verification in the User Center after logging in,” says a company announcement regarding the launch…. Read More
On Tuesday, Mastercard announced it has teamed up with MTN Uganda and United Bank for Africa (UBA) to launch a new mobile money service in Uganda. The trio reported that through the new partnership MTN MoMo customers will use a virtual card to shop or make… Read More
Digital money transfer service WorldRemit announced on Friday it has launched new cash pick up services in Ethiopia and Uganda. This news comes after the company revealed it was now offering its service in Russia. With the WorldRemit app or website, people in more than 50 countries… Read More
On Wednesday, AlliedCrowds released its latest report on the top developing countries for alternative finance. The data analyst company revealed it used its new emerging market alternative finance tool, Capital Finder, to identify the financing options for entrepreneurs in their countries and sections along with breaking down the type of… Read More
Excited to share the special news, American rapper Ryan Lewis took to his Twitter account on Thursday to announce the 30/30 Project, which will help build HIV clinics in Malawi, has smashed its original crowdfunding campaign goal on Indiegogo and raised $137,600 from 1,200 backers. Immediately… Read More
With less than a week until it closes, the 30/30 Project’s crowdfunding campaign has surpassed its goal on Indiegogo. The organization has a partnership with Julie Lewis, American Rappers Macklemore and Ryan Lewis along with Construction of Change to build healthcare facilities all over the… Read More
This Mother’s Day, Kangu, the innovative philanthropic crowdfunding platform that enables investors to fund life-saving medical services for pregnant women and newborn babies, is launching its 100 Mamas Fund. On the website, backers can contribute to the cost of critical medical services for 100 Mamas… Read More
Sunfunder, a crowdfunding platform for solar energy as an impact investment, just recently listed their 20th project. They continue to grow and expand their offerings which are in under-developed countries in Africa. Presently investors participate in these projects as they believe in the mission of… Read More
In their second project partnering with smallsolutions, solar energy crowdfunding platform SunFunder captured 209 crowdfunders to support a rent-to-own solar project in Uganda. This is the first time the platform has gone past the 200 individual funders for a specific project. Social enterprise organization, smallsolutions is… Read More
SunFunder, has successfully funded their single largest crowdfunded loan to date raising $25,000 for SunnyMoney’s solar schools campaign in Tanzania. The project was dubbed Solar for 4500 students raised the money from 173 contributors. The loan term was structured for repayment in 12 months via… Read More
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