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Rethinking Insurance uptake in Uganda: Why legacy models aren’t enough

By Joel Muhumuza(FSDU) and Protazio Sande(IRA) It’s midnight and Muzeeyi Bizibu and his wife are meant to be asleep because they have to wake up at 5am to go to work. However, Muzeeyi Bizibu’s chest is yet again bothering him. He can’t seem to breathe well and is having coughing fits. It might be pneumonia. […]

Digital Finance Can Transform Agriculture

By Alice Nakagwa Advances in Technology could be the solution to smallholder farmers’ access to financial services in Uganda. Take Enid Nimusiima, 42 years old, a member of Mushanga Savings and Credit Cooperative Societies (SACCOs) in Sheema District, in Uganda. Nimusiima expanded her poultry business from 60 to 1000 chickens, thanks to MSACCO, a platform […]

Solar Energy Lighting Up The Way To Financial Inclusion

By Peter Kawumi Increased access to solar energy by rural households and small businesses will drive demand for formal credit in the developing world. Off-grid solar energy solutions are taking off. For the over 1 billion people living without electricity, the ability to use technology to access cleaner energy over time can be life-transforming. In […]

Digital Payments: Unlocking the Formal Economy for Small Businesses

By Joel Muhumuza Like many developing countries, Uganda is a cash economy. This is particularly true for the transportation sector. Boda-Boda’s or motorcycle taxis dominate private transportation in Uganda, particularly in major towns like the capital city – Kampala. Until recently, boda-boda drivers in Uganda’s cities and towns acquired customers by standing alongside busy roads […]

From Ideas to Field Tests in 4 Days: A Design Sprint for Refugee-Centered Financial Services

By John Won*, Consulting Associate (BFA) and Peter Kawumi, Manager Competitive Strategies (FSD Uganda) In June 2018, BFA, a global consulting firm led a four-day design sprint for financial service providers (FSPs) to develop and test solutions tailored to over 1.3 million forcibly displaced people (FDPs) in Uganda. This was the latest engagement in a […]

How sandboxes can help the rural poor borrow, contribute to growth

According to Uganda’s National Household Survey 2016-2017, eight out of every 10 Ugandans reside in rural areas, with the majority engaged in agriculture, while those living in urban areas are mostly involved in the trade and service sectors. The national poverty estimates show that rural areas have a high incidence of poverty in comparison with […]

Mapping the Financial-access Journey of the Refugee

By John Won, Consulting Associate, BFA In April 2018, BFA facilitated a series of workshops for six banks – Diamond Trust Bank, Equity Bank, FINCA, Opportunity International, Post Bank, Ugafode – and a mobile network operator – Africell, in partnership with FSD Uganda. We shared research and statistics about the over 1.3 million forcibly displaced […]

Notes from the Frontier: Could Refugee Populations Be Ripe For Financial Inclusion?

As we approached the Kiryandongo Refugee Settlement area, we were met with a calm sense of normalcy. People went about their business as usual, men and women tilling farms, children running around playing in school grounds and traders displaying their products at small designated shopping centres within the settlement. On 23rd March 2018, PostBank Uganda […]

Financial Inclusion for Refugees: Laying the Foundation for a Business Case for Financial Industry Players in Uganda

On Friday 8th December, FSD Uganda held a roundtable event in Kampala to provide a platform for stakeholders to discuss Financial Inclusion for Refugees in Uganda. Representatives from financial service providers (FSPs), development partners, donors, and non-governmental organizations (NGOs) shared their experiences in providing refugees with access to formal financial services. Stakeholders also discussed the […]

Bitcoin, Tulip Mania and the need to dwell with knowledge

Bitcoin, Tulip Mania and the need to dwell with knowledge. As I write this on the 20th of December 2017, 1 Bitcoin (BTC) is worth $ 18,969.33. Exactly one month ago, 1BTC was $ 7,773.30 1. That’s a gain in value of 144% or 5% per day. Even more astounding, it was worth about $1,000 […]

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