Daily Monitor
Tuesday January 19 2021
Summary
In an earlier interview last week, Mr Peter Kawumi, the chairperson of Financial Technology and Service Providers Association, told Daily Monitor that on a daily basis 300 million transactions are carried out by means of Fintech system alone in the country.
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The Internet shutdown that started on January 13 has caused huge losses as businesses, government agencies, organisations and web-based operations such as e-tax payments were disrupted for five days.
The State action has been described as inconsiderate due to the modern ways of conducting business through e-commerce.
On the eve of the election, government shut down Internet citing security reasons during the elections for President and Members of Parliament.
E-commerce firms count losses over Uganda internet shutdown on polls day
Monday January 18 2021
A group of ride-hailing Safe Boda riders in Kampala. E-commerce firms are counting losses over Uganda internet shutdown on polls day. FILE PHOTO | COURTESY
Summary
Companies are saying they are staring at spiraling negative effects following days of no operations.
Players say they expected the government to disable only social media platforms as was the case in 2016, but a total Internet shutdown was not anticipated.
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The order left companies that rely on Internet connectivity to do business counting losses.
The government is yet to announce when the shutdown will end, but companies are saying they are staring at spiraling negative effects following days of no operations.