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Tag Archives: Insurance

BK General insurance to merge with Sonarwa

Kigali, Rwanda | THE INDEPENDENT | BK General Insurance Ltd, a subsidiary of BK Group, has announced plans to merge with Sonarwa General Insurance Ltd and Sonarwa Life Assurance Company Ltd, both owned by the Rwanda Social Security Board (RSSB). The move, announced on April 17, marks one of the most …

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Insurance: Lost trust or lost opportunity?

Inside Uganda’s struggle to make insurance work for the ordinary citizen Kampala, Uganda | JULIUS BUSINGE | By the time Agnes Nakato’s (not her real name) husband died in a road accident, she had no idea that his employer’s life insurance policy could have supported their three school-going children. “No one …

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BoU Deputy Governor pushes for increased insurance penetration

Kampala, Uganda | THE INDEPENDENT | Uganda’s Insurance Industry has been advised to focus on cheap and convenient means of payment for services to boost penetration. Dr Augustus Nuwagaba, the Deputy Governor of the Bank of Uganda, says all industries today are innovating in payments, primarily through digitisation, because the …

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Insurance Consortium fuels Uganda’s oil sector

The oil and gas industry is inherently high-risk, involving massive investments, operational hazards, and environmental concerns.   Kampala, Uganda | JULIUS BUSINGE | The Insurance Consortium for Oil and Gas Uganda (ICOGU) has emerged as a critical player in Uganda’s rapidly evolving energy sector, providing tailored insurance solutions to address the …

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