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2022 Performance: Stanbic Maintains Lead In Uganda’s Bancassurance Market

Dogo Singh, the Principal Insurance Officer of Stanbic Bank At one percent, insurance penetration in Uganda remains low, but products like bancassurance, are steadily improving public perception about the advantages of being insured and Stanbic Bank continues to hold a leading position in the market. Bancassurance is a partnership that

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News

Gov’t Seeks To Inject More Shs274bn Into Atiak Sugar Factory As Struggling Company On Brink Of Being Taken Over By Equity Bank

Amina Moghe Hersi, the CEO of Atiak Sugar Factory Government has asked Parliament to approve the injection of Shs274.11Bn into controversial Atiak Sugar Factory so as to save the company from being taken over by Equity Bank. Government says this will resuscitate the company that ceased its operations in April

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News

Gov’t Bails Out Abubaker Technical Services With Shs26bn As Local Construction Company Struggles To Pay Bank Loan

Abubaker Technical Services on duty/ courtesy photo MPs on Parliament’s Budget Committee have queried the decision by Government to bailout construction company, Abubaker Technical Services and General Supplies Limited through the acquisition of 7% shares valued at Shs26.15bn, yet there are many construction companies wallowing in debt due to the failure

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