FEATURE: Digital Financial Services Extend Credit To Unbanked Ugandans
Digital financial services are playing a pivotal role in plugging this divide as various institutions are partnering to enhance access to financial services for the unbanked.
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Over 16.5 million Ugandans are still using traditional saving methods to save money. Pictured is saving box made out of cardboard. (COURTESY PHOTO/Cool Crafts)
Slightly over one in every three Ugandans have a bank account, with a reported 16.5 million Ugandans still using traditional saving methods such as physical cash, livestock and agriculture.
With only 16 million bank accounts in the country, over half of the population has no access to savings or credit through financial institutions, as drivers of capital investment and, ultimately a higher rate of economic growth.
Pro-govt Facebook accounts in Uganda claim blocking
Sunday January 10 2021
Ruling National Resistance Movement (NRM) supporters and officials said blocking of their Facebook accounts was orchestrated by foreigners. PHOTO/NET.
Summary
Some internet users January 09 said, they were unable to download some applications via Google play store, raising fears that they might have already been blocked ahead of elections.
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Owners of over 50 Facebook accounts, aligned with the ruling National Resistance Movement [NRM] January 09, claimed blocking with some pages permanently unpublished or deleted on Facebook, a social networking application.
“Shame on the foreign forces that think they can aid and plant a puppet leadership on Uganda by disabling online accounts of NRM supporters. You won’t take away President Kaguta Museveni,” senior Presidential press secretary Don Wanyama remarked.