ICT 'transforms Uganda finances'

8 September 2010

Information and communication technology (ICT) is helping to transform the finances of the African nation of Uganda, it has been suggested.

Business Daily reports the introduction of mobile money payments is meaning people no longer need to find loose change or paper cash to pay for goods and services.

The platform allows users to use their phones to transfer money and deal with their banking services at simply the click of the button.

It would appear this form of ICT is changing the lives of a whole host of Ugandans, as some 140,000 people have already signed up to the service.

Mr Brandon Semanda, marketing manager for mobile money company Zain, says the payment method is convenient, low-cost, flexible and instantaneous.

Similarly, Ghana's president John Evans Atta Mills recently advised ICT plays an important role in the future economic growth of his country and its infrastructure, according to Ghana Web.

Category: ICT