Healthcare infrastructure remains heavily concentrated in urban centres, limiting the utility of medical insurance for those who retire in rural areas BUSINESS FEATURE | ISAAC KHISA | Uganda’s insurance industry is tiptoeing into one of the country’s most neglected frontiers – medical cover for the elderly. The move, long overdue, marks …
Read More »How reinsurance protects biggest assets
Kampala, Uganda | Insurance has evolved from simple community risk sharing to complex reinsurance, allowing insurers to spread large risks. But how are the continent’s largest projects protected? Isaac Khisa spoke with Stephen Chikovore, MD of UAP Old Mutual Uganda, and here is the excerpt. Insurance, at its core, is …
Read More »Keeping it home: Africa’s reinsurers in quiet bid to reclaim market
Reinsurers on the continent operate in a harsh socio-economic environment marked by inflation, political instability, increased competition and the depreciation of local currencies against the dollar Kampala, Uganda | ISAAC KHISA | Africa’s reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the …
Read More »From analyst to architect: Prof Oramah’s 30-year Afreximbank legacy ends
The bank’s net income climbed from US$125.3 million to US$973.5 million over the same period—representing nearly an eightfold increase Abuja, Nigeria | ISAAC KHISA & AGENCIES | When Professor Benedict Oramah joined the African Export-Import Bank (Afreximbank) in 1994 as a young chief analyst, few could have foreseen that he would …
Read More »Africa’s trade projected to hit $1.5 trillion in 2025
Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …
Read More »Afreximbank’s $3bn push to curb Africa’s oil imports
The lender hopes that by processing more of Africa’s crude oil locally, it can help retain value on the continent and reduce exposure to global supply chain disruptions ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank (Afreximbank) has launched a US$3 billion revolving trade finance programme aimed …
Read More »Rethinking medical insurance: A path to sustainability
Uganda’s rising loss ratio signals urgent need for a shift to preventive care to strengthen medical insurance business Kampala, Uganda | ISAAC KHISA | Uganda’s medical insurance sector has experienced significant growth over the past decade, with gross written premiums increasing from Shs 33.6 billion in 2013 to Shs 196.1 billion …
Read More »Insurers battle to rise above climate change
Experts say incorporating ESG principles in their operations no longer an option Kampala, Uganda | ISAAC KHISA | Insurance companies have always played a crucial role in ensuring the stability of economies, offering businesses and property owners a safety net against unforeseen events. However, as climate change accelerates and its impacts …
Read More »African-Caribbean trade ties: A new era of economic collaboration
ITC statistics show that trade between Africa and the Caribbean is limited and concentrated in a few sectors, notably minerals and chemicals ANALYSIS | ISAAC KHISA | African-Caribbean trade ties have remained largely unexplored for many years, despite a shared history and culture. Both regions have historically focused on solidifying relationships …
Read More »Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The government need to invest more resources in education, health, and social protection to benefit from the demographic dividend Kampala, Uganda | ISAAC KHISA | The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil …
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