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Pursuant to the National Payments Systems Regulation, 2021, Pesapal Uganda has received a Payment System Operator license from the Bank of Uganda.
Pesapal has been at the forefront of the Digital Payments revolution in Africa for over a decade. By leveraging technology to make financial services affordable, convenient, and secure, Pesapal is empowering tens of thousands of merchants and millions of consumers in markets across Africa to thrive.
According to Pesapal Uganda Country Director Martin Barungi: “At Pesapal, we give people and businesses better ways to pay and get paid. Now, with the Bank of Uganda’s regulatory greenlight, we will be able to hunker down in our continued effort to change the face of digital financial services in Uganda as a key stakeholder of its financial ecosystem.”
The authorization, he said, gives Pesapal a license to drive cashless transactions and related benefits, including financial inclusion and convenience, by simplifying the processing of payments and expanding how, what type and how fast businesses can get paid and access their funds.
“We are delighted to have received the license from Bank of Uganda as this development sets us on course to revolutionize the digital payment ecosystem with innovative, convenient and secure digital financial services,” Ms. Emmy Rono, Pesapal Uganda Country Manager noted.
“Consumers, in any context – shoppers, tourists, visitors, and businesses can make multi-currency transactions (UGX, USD etc.), from any scheme (Visa, Mastercard, American Express etc.) – either online, in a 3-D Secure environment, or in store, using the Pesapal POS machine, seamlessly.”
Pesapal’s vision is to Empower Africa to access affordable, convenient, and secure digital financial services that drive sustainable growth. We believe this formal foray into the Pearl of Africa, the source of the Nile, is a fitting step towards this future.
Presidential candidate David Mwaure Waihiga and the party leader of Agano Party paid a courtesy call to Bishop Harrison Nganga who is the Kenyan overseer of Christian foundation fellowship ministry (cff) and runs Faith Television.
Mwaure is a senior counsel and a seasoned politician
who is making his second stab at the Presidency.
The second edition of the annual Hindu cultural day took place today at the premier club along forest road in Nairobi bringing together over two thousand Hindus from across the country to celebrate ther unity,diversity and national integration.
Last year the event did not happen due to covid onset but saw the Hindu community donate over hundred million in support of Kenyans who had been affected by covid,This saw the birth of mobile health clinics which supports the vulnerable in the community but enabling them access medical assistance when needed.
The traditions and cultures of the Hindus has become part of Kenyas history especially by adoption of Hindu attires in kenyan weddings and traditional Hindu dances which are part of kenyas high end conferences and events which are performed to entertain international and local guests.
Speaking during the official opening of the event,chief guest Dr virander Paul,the Indian High commissioner to kenya has called on Kenyans to join Hindus in the celebrations of their 75 years of independence and the depth and bondness of the friendship between India and Kenya.
Hindus run the most successful generational business in Kenya some of which are in the third and fourth generation.
The two day event showcases everything Hindus,ranging from the wolrds most embraced spiritual and health sport Yoga which has gained prominence in Kenya,Indian foods,traditional games,traditional medicines, traditional attires,traditional music and arts,religious songs and traditional dances.
The event comes to a close on Sunday the 26th with over 25 local government officials expected to attend the evening cultural activities.
The East African Community (EAC) and the East African Business Council (EABC) with support from the German Development Agency (GIZ), have launched an EAC potato value-chain platform to be known as the “Jumuiya Potato Platform”.
This platform aims to harness the potential of the potato value chain in the region to enable proper production and commercialization of the food crop on the realization that it is one of the key agricultural produce traded and consumed widely. Over 2.2 million farmers across the EAC partner states earn their living from the potato sector. The Jumuiya Potato Platform has now been formalized under a Public-Private Partnership structure to enable sustainable research, innovation and free trade right from the potato seed.
The Jumuiya Potato Platform has been arrived at after a series of engagements between stakeholders representing national governments on the public front, farmers and traders on the private side with guidance from the EAC Secretariat and the EABC. Facilitated by GIZ, the stakeholders launched Jumuiya Potato Platform after a 2-day regional meeting held in Kampala.
Speaking at the meeting chaired by Dr. Irene Musebe of MEACA Kenya, the EAC Director of Productive Sector Mr. Jean Baptiste Havugimana noted that this initiative will go a long way in scaling up the production and marketing of the food crop which is currently cultivated on slightly over 400,000 hectares.
“We need to harness the potential of the potato sub-sector to fight poverty but also ensure food security right from producing our own potato seed which is largely imported from Europe, ”Said Havugimana.
Mr. John Boco Kalisa, EABC CEO who was the Chief Guest presented a key-note address on the competitiveness of regional value chains. He appealed to both the public and private sectors to work together towards having policies that will promote the sub-sector and see that it overcomes challenges like post-harvest losses which are estimated at USD 240m per year. He urged the elected leaders of the Jumuiya Potato Platform to advocate for ease of trade of potatoes and integrate the value chains in the sector.
“ While cross-border trade can be a major challenge in practice, the Jumuiya Potato Platform should facilitate the flow of technical and market-related information so that regulations are harmonized to favor better standards and prices in the interest of the farmers and consumers”
Those elected to head the Jumuiya Potato Platform under the EAC structures include: Wachira Kanguogo of Kenya as Chairman; Fidel Gahungu of Burundi as rapporteur; Tullah Mlonge and Rose Ndomba(Tanzania); Mbarushimana Salomon and Dr. Nduwumuremyi Athanasi of Rwanda; Jimmy Koto and Lawrence Olika(South Sudan); Komayombi Bulegeya and Elungu Moses(Uganda); Simon Maina from Kenya and Ernest Vyizigiro of Burundi.