Bancassurance has recorded Shs52bn for the three quarters of this year ending Sep.30 Kampala, Uganda | ISAAC KHISA | Embedded insurance model is turning out to be one of the most viable options of selling insurance services to customers as the country strives to increase insurance coverage and deepen penetration. People …
Read More »Collective Investment Scheme assets more than double to Shs 388.5bn
Investors likely to preserve their savings and capital with CIS and fixed income instruments due to the current coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s Collective Investment Schemes (CIS) have recorded more than double their assets under management (AUM) to Shs 388.5bn for the FY2019/20 as a …
Read More »Local construction firms court Ethiopians to win big contracts
Firms want to cut into huge value of contracts which go to foreign firms Kampala, Uganda | ISAAC KHISA | Ugandan local firms have been losing out to international players in clinching big deals in the local market but this could soon be reversed if a new business model that …
Read More »‘Ethiopia’s Renaissance Dam will boost intra-regional energy trade’
Alemtsehay Meseret has made one and half years as the Ethiopian Ambassador to Uganda. She spoke to The independent’s Isaac Khisa on a wide-range of issues; from trade relations between the two countries to the Renaissance Dam. What is your assessment of trade and investment levels between Ethiopia and Uganda? …
Read More »Airtel records 14% growth in revenues to $659m in East Africa
But the firm’s overall Africa operations had its net profit fall by 36% to $145m Kampala, Uganda | ISAAC KHISA | Bharti Airtel operations in East Africa have recorded a 14% growth in revenue to US$659million for the six months ending Sept. 30, citing an increase in subscribers. The firm’s …
Read More »Uganda records highest coffee exports
Uganda’s coffee industry has recorded the highest ever export volumes as well as earnings for the Coffee Year 2019/2020 (Oct-Sept), signaling the crop’s steady recovery. Kampala, Uganda | ISAAC KHISA | Latest data from the Uganda Coffee Development Authority shows that coffee exports for the 12 months amounted to 5.36 …
Read More »Jubilee insurance sells majority stake to Germany’s Allianz Group
Currently, the regional insurers commands the largest market share in Uganda’s general insurance business Kampala, Uganda | ISAAC KHISA | Regional insurer, Jubilee Holdings Ltd, is selling between 51% and 66% stake of its operating subsidiaries engaged in short term general insurance business across the region to the Munich-based Allianz …
Read More »‘Need for a paradigm shift to salvage Uganda’s economy
CSOs suggests that the government need to now invest in productive sectors such as manufacturing, trade, health, education and social protection in the wake of COVID-19 pandemic Kampala, Uganda | ISAAC KHISA | Even before the outbreak of coronavirus pandemic, Uganda’s economy was already struggling amidst huge investment in the …
Read More »Political interference hampers implementation of anti-corruption law
Kampala, Uganda | Isaac Khisa | Uganda’s failure to implement the anti-corruption laws is attributed to political interference, according to the new report, a situation that hampers investigation and proper prosecution of alleged corrupt officials. The study carried out by the Anti-Corruption Coalition Uganda with support from the Democratic Governance Facility …
Read More »Uganda’s mobile money transactions hits Shs 80trillion
Kampala, Uganda | Isaac Khisa | Uganda’s mobile money transactions grew by 19.3% to Shs 79.8 trillion for the year ending June.30, according to Michael Atingi-Ego, deputy governor, Bank of Uganda. Atingi, who was speaking during the Uganda Bankers Association retreat at the Kampala Sheraton Hotel on Sept.22, said out …
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