By Martha Aheebwa Insurance remains one of the most misunderstood (miscommunicated) products in Uganda. A few years back, my insurance mind would have argued it’s because insurance is highly technical. But as I have come face to face with our economy, and talked to several people, I have had to
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Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI), a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development. Under the program, RLSF will offer
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A section of Members of Parliament have started collecting 154 signatures from fellow legislators in a bid to recall Parliament from recess over the Social Media and Mobile Money tax. The MPs who include Ntungamo Municipality, MP Gerald Karuhanga, Soroti Municipality MP, Herbert Ariko, Kyadondo East MP, Robert Kyagulanyi and
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aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent. While addressing the media at kati- kati Restaurant on
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By Aloysious Kasoma Jubilee Insurance Firm has partnered with Afrisafe Risk Consultants Uganda Ltd to minimize the hurdles involved in processing Motor 3rd Party services. The service will now be accessed on mobile phones. Dubbed 3Rd Party ‘Ku Ssimu’, the new innovation is aimed simplifying the process for all the
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By Aloysious Kasoma The Uganda Insurers Association (UIA) leadership is optimistic that Uganda’s insurance penetration will pick up soon as more people appreciate the role of insurance. The umbrella organization for all the insurance companies in Uganda embarked on efforts to create awareness and encourage uptake of Life insurance in
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A top insurance firm in Uganda is in trouble after senior agents started quitting and others stealing customers’ premiums (money paid by policy holders), Business Focus exclusively reports. ICEA (Insurance Company of East Africa) Life Assurance is the company under fire. A source privy to the rot at ICEA Life
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Saham Finances, the insurance giant founded by Moroccan businessman and current minister for trade and industry, Moulay Elalamy, has been fully acquired by South Africa’s biggest insurer, Sanlam, for $1 billion (about UShs3.6 trillion). According to a report by Reuters, Sanlam which has previously invested in Saham Finances and has
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Financial services group Britam is set to lay off 100 staff in a bid to cut costs. The firm said on Wednesday that it was implementing an early retirement plan mean to enable the firm “to remain agile, relevant and responsive to the changing market conditions.” Its financial advisors will
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Sanlam Uganda Monday announced that Uganda will be participating in the Sanlam Group Awards for Excellence in Financial Journalism. The awards have been recognising and rewarding exceptional business journalism since 1974. The awards aim to honour the indispensable role of the financial journalist in modern business life and the high
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