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.
Advertisement
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.

Related Keywords

Rwanda ,South Africa ,Kenya ,Nigeria ,Egypt ,Uganda ,Ugandan ,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 ,Financing ,Startups ,Mtn Rwanda ,Independent Subsidiary ,ருவாண்டா ,கேந்ய ,நைஜீரியா ,எகிப்து ,உகந்த ,அக்யாஂடந் ,குறி முகாசா ,குழு துணை ,புதியது முறை ,தினசரி மானிட்டர் ,துணை ப்ரெஸிடெஂட் ,முன்னிலை கொடுப்பனவுகள் ,துணிகர மூலதனம் ,நிதி ,தொடக்கங்கள் ,