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Absa Bank: More Ugandans Buying Insurance Products During COVID-19

Josephine Mutabuza, Absa Bank Uganda’s Head of Bancassurance Bancassurance is booming and is expected to increase Uganda’s insurance penetrations that remains below 1% as banks increasingly sell insurance products to their customers. Bancassurance is a simple term coined by combining two words, bank and insurance. Commercial Banks are adopting it

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INTERVIEW: UNBS Boss Manyindo Speaks Out On Kenyan Salt Illegally Sold In Uganda

UNBS Executive Director Dr. Ben Manyindo For the very first time since March 2020 when the smuggling of Kenyan salt brand with ‘FOR SALE IN KENYA ONLY’ inscription intensified, Uganda National Bureau of Standards (UNBS), the Government’s regulatory Agency responsible for enforcement of quality, standardization and assurance, and Uganda Revenue

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INTERVIEW: URA Reveals Why Businesses Should Embrace Electronic Receipting & Invoicing System

Ian Rumanyika, the Manager Public & Corporate Affairs at URA Uganda Revenue Authority (URA) will effective July01, 2020 introduce the Electronic Fiscal Receipting and Invoicing System (EFRIS) in Uganda. In an exclusive interview with Business Focus on Wednesday June17, 2020, Ian Rumanyika, the Manager Public & Corporate Affairs at URA

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INTERVIEW: Hotel Owners Boss Says Hospitality Industry To Lose Shs6Trn This Year As 400k Staff Sent On Leave

The Executive Director of Uganda Hotel Owners Association (UHOA), Jean Byamugisha has revealed how COVID-19 has hit hard Uganda’s hospitality industry.  She says hotels in Uganda have so far furloughed over 400,000 staff. A furlough is a temporary leave of employees due to special needs of a company or employer,

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INTERVIEW: IMF Boss Reveals How Economies Can Overcome COVID-19 Crisis

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva (pictured) said during her speech going into the IMF’s 2020 Spring Meetings yesterday that the Fund is working 24/7 to support our member countries—with policy advice, technical assistance and financial resources. In this FAQ: The IMF's Response to COVID-19 , you

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