The Central Bank of Uganda has granted its first Islamic banking license to Salaam Bank Ltd., a subsidiary of Djibouti-based Salaam African Bank. This significant step comes after Uganda passed legislation in June to accommodate Shariah-compliant finance activities. https://twitter.com/BOU_Official/status/1700168252314276310?s=20 Islamic finance, which prohibits the charging of interest, could potentially unlock substantial growth in East Africa’s third-largest economy. It is expected to attract customers who have previously avoided traditional lenders due to religious reasons. Globally, Shariah-compliant assets are among the fastest-growing financial instruments, with forecasts predicting a rise to $3 trillion worldwide in the next decade, up from about $2.1 trillion…
Author: David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The East Africa Community (EAC) is set to launch the Eastern Africa Regional Digital Integration Project (EA-RDIP). The EA-RDIP is a vital regional initiative that will transform and enhance the region’s integration into the digital economy. The project aims to revolutionize the way the region connects, trades, and engages digitally by expanding broadband connectivity and improving the digital service environment. It aligns with regional priorities, emphasizing the need to bridge the digital divide, reduce connectivity costs, and empower marginalized groups such as youth, persons with disabilities, and women. The project’s development objective is to increase access to broadband and digital…
Rwanda has launched a Smart City Hub at the opening of Africa’s Smart and Sustainable Cities Investment Summit. The Smart City Hub is at the core of Rwanda’s vision to become a Pan-African hub for tech and innovation. The hub’s objective is to facilitate and drive efficient, sustainable, digital solutions that improve the quality of life for citizens in cities and communities in Rwanda through technology and innovation. Paula Ingabire, Rwanda’s Minister of ICT & Innovation said, the Smart City Hub, aligns with the country’s vision to test, scale, and promote cutting-edge solutions. “We are currently experiencing rapid advancements in…
The “Nairobi Declaration” is a call to action for the international community to address climate change and economic disparities on the African continent.
Oppo, the leading smartphone manufacturer, has once again made headlines with the launch of two new camera-focused smartphones in Kenya – the Reno 10 Pro+ and the Reno 10. The Reno 10 Pro+ is the world’s first smartphone to feature a 64 MP periscope telephoto lens, capable of 3x optical zoom and an astounding 120x digital zoom. The Reno 10 Pro, on the other hand, boasts a 32 MP telephoto lens with 2x optical zoom and 20x digital zoom support. Priced at Ksh 69,999 and Ksh 56,999 respectively, both devices are available across the country and offer cutting-edge technology to…
The Oppo Reno 10 5G is a pretty phone with good overall performance. It comes with a MediaTek Dimensity 7050 chipset, a large 5,000mAh battery with support for fast charging, and a curved 6.7-inch panel with a 120Hz refresh rate. The phone is available in two colour options: Silvery Grey and Ice Blue, with the latter featuring a gradient finish that changes hues depending on the light. Oppo Reno 10 5G Design, Display, Looks And Build In terms of design, the Reno 10 is lightweight and attractive, with a matte finish that doesn’t attract smudges or fingerprints. The phone is…