We talk business here and at Techjaja, we bring you the latest tech biz News in Uganda and world over. Strap-up and enjoy your piece of the pie.
We recently drew your attention to Airtel partnering with Facebook and BCS to lay over 800 KM of fiber cables in Uganda and it turns out, a vast majority of those kilometers will be in Western Uganda. According to the Observer, Airtel Africa, the holding company for Airtel Uganda inked a deal with social giant, Facebook to see this project implemented in the Western Parts of Uganda.
MTN group recently disclosed its financial results for the year ended 31st December 2016. And we must say the results are mixed while they reflect a shift in what we’ve traditionally known as telecommunication networks.
Facebook and Airtel have today announced new plans to lay fiber optic cables of over 800 kilometers in Uganda by the end of the year. With this infrastructure, the social media giant hopes will provide internet access for more than 3 million people.
PesaLink is a real-time interbank switch from Integrated Payment Services Limited(IPSL). IPSL is an affiliate of the Kenyan Bankers Association. PesaLink is more or less like mobile money and it is seen as a direct reply to the latter.
The Bank of Uganda (BoU) has warned Ugandans who deal in any form digital currencies that they "are taking a risk in the financial space". This warning has come at time when a new firm known as One Coin Digital Money a company which is not licenced by the BoU