The Empower Africa Business Platform is Now Live !!!
The official launch, held on Wednesday, July 10th, brings GVA’s high-speed FTTH (fiber-to-the-home) network to Kampala, the 13th African city, to benefit from its services.
GVA has already invested 50 billion Ugandan shillings (approximately $13.5 million) in laying fiber optic cables across Kampala.
This initial infrastructure can connect up to 140,000 homes, and Julius Kayoboke, Managing Director of GVA Uganda, says ambitious plans are in place to expand the network to serve an estimated 500,000 people within the next four years.
CanalBox’s arrival in Uganda is expected to shake up the country’s internet landscape, currently dominated by telecommunication companies.
This increased competition is anticipated to benefit consumers through improved service quality and potentially lower costs.
The launch comes at a crucial time for Uganda, which is experiencing a rapid digital transformation fueled by a growing demand for high-speed internet connectivity.
The Uganda Communications Commission (UCC) reports that the nation has over 27.7 million internet users, with a penetration rate of 61%.
“The internet has revolutionized societies in ways we never imagined before,” remarked Thomas Tayebwa, Deputy Speaker of the Ugandan Parliament, who attended the launch ceremony.
“It has reshaped how we live, work, and connect with each other – impacting communication, information sharing, business transactions, education, and even service delivery.”

Yango Group, a global tech company, has launched a new venture fund called Yango Ventures to support early-stage startups in fast-growing regions.

Inspired Evolution, through its Evolution III Fund, has invested $20 million in Cold Solutions East Africa Holdings (CSEAHL), a company that builds and operates temperature-controlled warehouses and logistics facilities across East Africa.

MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA), has raised $5.2 million in pre-Series A funding.