Finance & Banking News

  • Smile ID, Africa’s leading provider of identity verification solutions, has released its 2025 Digital Identity Fraud in Africa Report, highlighting critical fraud trends across the continent. The report reveals that East Africa recorded the highest rejection rate for combined biometric and document verification attempts, reaching 27% in 2024, primarily due to the reliance… Unlimited access to all news […]
  • One may wonder what’s on Jennifer Bamuturaki’s mind; is it the war in Congo and its impact on Uganda Airlines’ operations, the public scrutiny of her financial losses as a chief executive of a national carrier, or perhaps the airline’s expansion plans for 2025? Bamuturaki has had some lucky years and… Unlimited access to all news […]
  • Uganda Airlines has suspended its flights to Democratic Republic of Congo capital city, Kinshasa, after violent riots and attacks on several foreign embassies today.The Airline said in a statement that the suspension has become necessary as a result of the ongoing unrest in the DRC, including the capital  Kinshasa. Before the suspension,… Unlimited access to all news […]
  • With passenger numbers exceeding pre-pandemic levels, record-breaking cargo volumes, ambitious infrastructure upgrades, and a growing network of regional and international connections, Uganda’s aviation industry is soaring to new heights, promising better prospects for key industries such as tourism and trade.Uganda’s aviation sector is undergoing a remarkable transformation, driven by steady… Unlimited access to all news […]
  • In a significant ruling, the High Court of Uganda’s Commercial Division has dismissed a summary suit filed by Flutterwave, Inc. against True African (U) Limited, citing a lack of jurisdiction due to the arbitration clause in the parties’ original agreements.The case stemmed from a claim by Flutterwave seeking UGX 517,781,538.69,… Unlimited access to all news […]