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Prudential shakes up insurance market

Global insurer, Prudential, has become the country’s largest life insurer following the acquisition of IAA Air Ambulance Healthcare, a Health Membership Organisation, at undisclosed consideration. Kampala, Uganda | ISAAC KHISA | Prudential Life Assurance Uganda Ltd entered the Ugandan market in 2015 through the acquisition of Goldstar Life Assurance, and …

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GM mosquitoes to fight malaria

Ugandan scientists seek integrated approach to tackle killer disease Scientists at the Uganda Virus Research Institute (UVRI) plans to undertake a research on genetically engineered mosquitoes to tackle malaria.  Dr. Jonathan Kayondo, the principal investigator Target Malaria Uganda and Senior Research Officer at UVRI had an email interview with The …

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Invest in productive sectors, experts tell government

Public debt increased by 35% to Shs65trillon as at December 2020 Kampala, Uganda | ISAAC KHISA | Government should prioritise financing human capital development programs amidst projected revenue shortfalls due to COVID-19 lockdown, experts say. Experts also say, amidst these tough times, the government should also keenly scrutinize loan proposals …

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Banks post third profit decline in 10 years

Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …

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KCB Uganda to handle Airtel Money cash

The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …

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