Kampala, Uganda | ISAAC KHISA | UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of UAP Old Mutual Properties …
Read More »Sanlam unveils Income Fund
The product could be a solution for pension funds seeking to diversify their holdings Kampala, Uganda | ISAAC KHISA | Sanlam Investment East Africa has unveiled Sanlam Income Fund in a bid to raise more capital for various investments but also provide favourable returns to investors. This new product places …
Read More »Prosecutors demand for Covid-19 risk allowances
Kampala, Uganda | THE INDEPENDENT | The Uganda Association of Prosecutors-UAP, an umbrella that brings together all the State Attorneys dealing in the criminal matters in the country wants to be given Covid-19 risk allowances. According to the press statement issued by the Secretary General of the Association Arthurton Kukundakwe and …
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 »How Uganda’s insurance firms performed in 2018
Only nine insurance companies recorded approximately Shs40bn as profit Kampala, Uganda | ISAAC KHISA | Only nine out of 21 Non-life insurance companies operating in Uganda made profits for the year ended Dec.2018, data from the Insurance Regulatory Authority of Uganda shows. Jubilee, UAP, Sanlam, Britam, Goldstar, Alliance Africa, Statewide, …
Read More »Behind African Alliance’s move to quit brokerage business
Why brokerage firms must diversify investments to cope with emerging stock market trends Kampala, Uganda | JULIUS BUSINGE | Once upon a time, being a stockbroker was comfortable, genteel and lucrative, according to Andre Cappon, the chief executive officer, CBM Group, a management consultant firm specialising in financial services based …
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