James Wire, a technology and business consultant, says the focus has been mainly put on large organisations especially banks, yet multitudes of small enterprises, which are termed “the backbone of the economy”, have lost lots of business.
Mobile money transactions grew by 19.3 per cent to almost 80 trillion Shillings, and of this, 41 trillion was recorded between January and June, half of the year during which the country went into a lockdown. The Escrow account balances, or money belonging to mobile money customers, whether saved or not yet withdrawn, grew by 51 per cent, while the value of debit and credit card transactions also rose 20 per cent.
Ministry of Defense and Uganda Peoples’ Defense Forces (UPDF) are in the process of digitalizing their library records to preserve the material for future reference.
