By Lydia Kayonde, One of the most significant changes in financial services over the past few decades has been the growth and adoption of Bancassurance. Whileit may sound like a complex word, it isa simple term coined by combining two words, bank and insurance. The sale and distribution of insurance
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Profits recorded for Ugandan banks in 2017 are set to drop as effects of the hard economic times begin to manifest. In 2016, banks registered huge profits, having concentrated their efforts on recovering Non-Performing Loans (NPLs) while remaining cautious towards lending. Consequently, total industry profit increased to Shs676.73bn in 2016,
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By Godfrey Kenneth Gobba The concept of using a financial asset as an investment solution usually makes more sense to high income earners than to low and middle income earners. For ordinary people that are struggling to make a living, financial assets tend to make more sense only if they
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Angolans are preparing to go to the polls to choose a new president. But although the country's long-serving leader is standing down, he and his family do not seem ready to give up power. President Jose Eduardo dos Santos, 74, has been president of Angola since September 1979 - a
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Many multinationals like to brand along the lines of Africa, but in their ways do little to live the African values. But recently I saw an exception. Ecobank trades as the pan African bank. At the unfortunate death of their company Secretary (Annette Mwiriza Mukunda) and an amazing friend to
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Barring a recent slowdown, Uganda has achieved robust economic growth over the past decade; with positive per capita GDP and a higher average growth rate than that for sub-Saharan Africa (Figure 1). Whilst, this positive economic performance is mostly attributed to domestic factors such as sound macroeconomic policies and strengthened
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VG Somasekhar, who transformed Airtel Uganda, is returning to the telecom firm three years after he was recalled to Airtel Africa head offices as Director – Special Projects. His return could prove to be an industry game-changer considering his history. On Auguts10, 2017, Airtel Uganda confirmed Somasekhar’s return as Managing
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Uganda’s economic recovery may take a little longer going by the rate at which private sector credit is growing. Latest statistics from Bank of Uganda (BoU) and Ministry of Finance, Planning and Economic Development indicate that lending to the private sector has been subdued since 2017 started despite easing in
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By Godfrey Kenneth Gobba For someone to have a comfortable income during their long prestigious and flamboyant corporate working career and then end up a flat broke financial vegetable during their retirement is indeed a big shame. After years of wearing expensive suites, driving fuel guzzling SUV’s, the frequent travels
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Whenever Kenya, East Africa’s largest economy goes to the polls, Uganda and other EAC member states suffer trade disruptions. The bloody 2007/8 elections massively disrupted business in Kenya and the East African region at large, with a number of Ugandan traders losing their merchandise worth billions. There was a shortage
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