Zofi Cash

🚀 Let's have a look at #Uganda 2024 macro numbers! 🇺🇬 🌍 49.2 million population 📈 +1.3 million people since 2023 👶🏿 16.4 years old median age 🌐 13.3 million internet users 🗺️ 27% internet penetration rate 📱 33.3 million cellular mobile connections 📱 2.6 million social media users 🚀 +48% YoY 📈 +750 thousands new social media users since 2023 🏙️ 27.1% urbanised population 💡 45.2% access to electricity 💵 $52.7B GDP / $216.7B GDP PPP 💸 $1.4B inward remittance flow 📘 2.6 million Facebook users 📸 711 thousands Instagram users 🔗 1.3 million LinkedIn users 💰 $183m raised by Ugandan startups since 2019 💰 $19m raised by startups in 2024 🥇 Asaak $30m raised in January 2022 🥈 Tugende $17m raised in December 2021 🥉 Watu Credit $15m raised in February 2024 🇹🇿 Other local startups Numida (YC W22), Grainpulse Limited, SolarNow, Zembo, MOGO Uganda, SafeBoda, GOGO Electric, Zofi Cash, Ensibuuko, clinicPesa, Eversend, Xente... 🙏 Thanks We Are Social for the numbers #MacroEconomics #Africa #Startups #Demography #EastAfrica Tech in Africa

📢 Introducing the Global Finalists of Edition X! We are excited to present our awesome finalists from our African regions, who have demonstrated outstanding innovation and leadership in their respective fields. Join us in celebrating these remarkable startups as they represent the best of Africa on the global stage: ⭐️ Hani W. Naguib from Egypt (Ecosystem Hero of the Year) ⭐️ Hadeer Shalaby from Egypt (Founder of the Year) ⭐️ Dataleum from Nigeria (formerly Ed Tech, now competing in Startup of the Year) ⭐️ Zofi Cash from Uganda (formerly Commerce Tech, now competing in Startup of the Year) ⭐️ Hiryo from Egypt (Startup of the Year) ⭐️ Awabah from Nigeria (Best Newcomer) ⭐️ Mo Angels from Mauritius (VC of the Year) ⭐️ TechBuzz Hub from Uganda (Best Coworking Space) ⭐️ The American University in Cairo from Egypt (Best Accelerator/Incubator Program) ⭐️ Developers in Vogue from Ghana (Diversity Role Model of the Year) ⭐️ Zuri Health from Kenya (Best Health Tech Startup) ⭐️ Emergency Response Africa from Nigeria (Best Health Tech Startup) ⭐️ BasiGo from Kenya (formerly Mobility & Logistics, now competing in Best Green Tech Startup) ⭐️ COFFEE RESURRECT, Inc. (የቡና ትንሣኤ) from Ethiopia (Best Green Tech Startup) ⭐️ MooMe from Tunisia (formerly Agri Tech, now competing in Best Green Tech Startup) ⭐️ Momint from South Africa (Best Web3.0 & AI Startup) Best of luck in the competition! 💪✨ Meet the finalists here: https://lnkd.in/dbCn-QVD #GlobalStartupAwards #startups #innovation #future

The African Winners from GSA Africa 2023, edition 10, will be representing the continent during the Global Grand Finale Days hosted Turkey, September 24-25. Learn more about the Global Grand Finale Days: https://lnkd.in/d_szHT_Y Dataleum Zofi Cash Hiryo ️Awabah Hadeer Shalaby Hani W. Naguib Mo Angels ️TechBuzz Hub ️The American University in Cairo ️Developers in Vogue ️Zuri Health Emergency Response Africa ️BasiGo ️COFFEE RESURRECT, Inc. (የቡና ትንሣኤ) ️MooMe ️Momint Jo Griffiths Global Innovation Initiative Group

The Easter holiday is one of the most anticipated holidays of the year by both Christians and non-Christians. The Christians are celebrating the day Jesus rose from the dead and ascended to heaven. For the non-Christians, most of them are just happy and excited to have a full four days off work. But the Easter period comes with a challenge for many employees. There is a risk these festivities can cause a strain on the spending budget with so many things going on ranging from family meetups., to concerts and others. So how can an employee stay within the budget? Let’s break it down here. https://lnkd.in/dgsxBp93

In Uganda, financial stability often hangs in a precarious balance thus borrowing money emerges as a common recourse for many employees striving to meet diverse financial obligations. However, the decision to borrow entails nuanced considerations, with potential consequences that can either bolster or undermine financial well-being. So how can Ugandan employees make informed financial decisions amidst the complex borrowing terrain? We break it down in this article. https://lnkd.in/dyfNK8_D

In entrepreneurship, securing adequate funding is often a critical precursor to launching a successful business venture. Various financing options exist, ranging from personal savings and crowdfunding to traditional bank loans and venture capital investments. Each avenue of funding presents its own set of advantages and challenges, necessitating careful consideration based on the unique circumstances of the entrepreneur and the nature of the business endeavour. https://lnkd.in/dRvyBsqC

Here at zofi cash we celebrate the strength, determination, and resilience of every woman out there. Happy Women’s Day #InternationalWomensDay #WomensDay #IWD2024

Artificial Intelligence (AI) has become the latest buzzword in the technological world, promising to disrupt and revolutionize various fields, from healthcare to finance, and now, human resources (HR). The advent of AI has brought about a paradigm shift in the way businesses operate, and HR is no exception. In this article, we delve into the intricacies of AI, its potential applications in HR, and the various AI tools that can be utilized to streamline HR processes. https://lnkd.in/debVdtdf

Welcome to the 55th installment of Zofi Cash Weekly, your trusted source for financial insights. This week, we delve into the heart of Uganda, where statutory deductions from employee salaries play a pivotal role in shaping the socio-economic fabric, serving dual purposes of government funding and social welfare. The recent oscillation of the Uganda Shilling against the dollar has stirred a mixed bag of financial outcomes for employees, with some reaping unexpected gains, while others grapple with escalating challenges. On a broader scale, Africa has witnessed remarkable economic growth in 2022, with Nigeria leading the charge as the continent's economic titan, closely trailed by South Africa and Egypt. Despite its landlocked status, Uganda's economy is on an upward trajectory, fueled by its robust agricultural sector, underscoring Africa's potential for swift economic advancement in the coming years.

The Uganda Shilling has recently been caught in a tumultuous dance with the dollar, its value spiraling downwards and currently teetering precariously around the 4,000 mark. This oscillation in the exchange rate has sent ripples through the financial lives of employees, creating a dichotomy of effects — some beneficial, others detrimental. The weakening of the shilling against the dollar is akin to a double-edged sword, carving out a landscape where some employees find themselves in a financial windfall, while others grapple with mounting financial challenges. https://lnkd.in/erEpD3p9