As of December, 2014, there were over 18 million registered mobile money customers, and the average monthly number of transactions in the last quarter was 46 million while the average monthly value of the transactions was UGX 2.1 trillion. Mobile money therefore has a high potential to foster financial inclusion in Uganda.
In 1968, Mauritius was, by all measures, a poor country with per capita income of less than $ Prospects were so gloomy that Nobel-prize-winning economist James Meade, who headed an Economic Commission sent by the British colonial administration in the aftermath of one of the most devastating cyclones in the country’s recorded history, recommended emigration as a key part of the solution to the island’s problems.