However, more than three-quarters of the respondents are willing to recommend insurance in the future Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry survey released on Sept.26 during the 57th CEO breakfast meeting in Kampala has provided valuable insights on customer satisfaction levels. One central question, “are customers satisfied with …

The Fund is challenged to create more solutions that will further address social protection in line with the International Labour Organization Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund declared a 10% interest rate for savers for the fiscal year 2022/2023 compared to 9.65% the previous year but …

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …

The regulator’s focus is on expanding its customer base and increasing average spending in the insurance sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance sector has shown steady growth, with underwritten premiums increasing from Shs 711.6 billion in the second quarter of 2022 to Shs 828.9 billion in the second …

The oil company records 20 million man-hours without lost time incidents Kampala, Uganda | JULIUS BUSINGE | TotalEnergies EP Uganda on September .12 achieved a significant safety milestone on the Tilenga project by completing 20 million man-hours without any Lost Time Incidents (LTI). An LTI is defined as a workplace injury …

Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …

BoU data indicates a noteworthy increase in the value of Uganda’s exports to South Africa over the past decade, doubling to US$21.24 million Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has extended an olive branch to corporate giants MTN Uganda and Stanbic Bank, forgiving them for their past actions. …

Implementation of the new law is a catalyst for bolstering growth of the sector Kampala, Uganda | JULIUS BUSINGE | The government expects to increase jobs in the minerals sector by 63% to 2.6million in FY2024/2025 from 1.6million reported in 2017/2018, according to Peter Lokeris, the state minister of minerals at …

Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …

The Fund targets to increase contributors from the current 10% to 50% of the country’s workforce during the same period Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund hopes to increase its assets from the current Shs 18.4 trillion to Shs 50 trillion by 2035, according to the Fund’s …