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Africa tech start-up boom is creating opportunities for law firms

Technology

Tech start-ups is a hot topic in Africa, and the growing innovation culture is giving rise to a proliferation of apps and digital platforms that are attracting seed funding. This year alone, by mid August, 303 African tech start-ups had raised just over $1 billion, up 69% on 2020 figures, according to a report by […]

Ugandan member secures first money remittance license in Africa

Uganda

Katende, Ssempebwa & Co Advocates [“KATS”] has successfully advised BT Payment Services, a Fintech- digital- money remittance services provider on the licensing of its operations in Uganda by the Bank of Uganda. BT Payments Services Limited, a Ugandan financial technology company with roots in Kenya provides a secure web-based money remittance option that allows the […]

A law for Fintech companies within the CEMAC zone

Cameroon 1

In the 12 months to 31 December 2018, the electronic money transactions in the Central African Economic and Monetary Community (the CEMAC zone) accounted for 572,362,635 transactions valued at XAF 8,296,166,023,386 (or over US$14bn). During the course 2017 the number of financial transactions in electronic money increased to from 303m to 572m, reflecting the rapid […]

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