Parametric insurance has grown in popularity in recent years, with the World Economic Forum recently describing it as a potential “game changer” for mitigating disaster risk ANALYSIS | AGENCIES | Liberty Mutual Reinsurance (LM Re) has partnered with Kenyan financial services provider Britam and farming-focused insurtech Sprout to offer a parametric insurance …
Read More »Curbing debt-fueled unrest in emerging markets
Three important weaknesses that have impeded progress and way forward ANALYSIS | VERA SONGEWE & ISHAC DIWAN | The recent protests in Kenya reflect the frustrated aspirations of young people for higher-quality social services and better economic opportunities. It also highlights the difficulty – in Kenya, and across the developing …
Read More »IGAD member states challenged to increase financing of agricultural sector
Entebbe, Uganda | THE INDEPENDENT | The Intergovernmental Authority on Development (IGAD) has raised concern over the slow progress by member states in meeting the commitments made under the Malabo Declaration. The Declaration, signed in 2014 in Equatorial Guinea, set ambitious goals for accelerating agricultural growth, enhancing shared prosperity, and improving …
Read More »Businessman converts Lukaya multibillion-gov’t highway market into bar
Kalungu, Uganda | THE INDEPENDENT | The new multibillion-government highway market in Lukaya town council, Kalungu district has been converted into a bar, three years after its construction. The market worth 3.75 billion shillings, was constructed with funds from the Ministry of Works and Transport and Lake Victoria Environment Management Project-LAVEMP, …
Read More »Army wants Education Ministry to host Kiswahili Council
Kampala, Uganda | THE INDEPENDENT | The Ministry of Defence and Veteran Affairs wants the Uganda National Kiswahili Council to be hosted under the Ministry of Education and Sports as the suitable institution to promote Kiswahili language. The Undersecretary in the Defence Ministry, James Mutabazi said their position is premised on …
Read More »Stanbic records 17.6% profit growth in H1 2024 to Shs 235.5bn
The bank’s low-cost payment solution, FlexiPay, now boasts over 900,000 clients and is gaining traction in both transaction numbers and volumes Kampala, Uganda | THE INDEPENDENT | Stanbic Holdings Uganda Ltd (SUHL) recorded 17.6% growth in profit after tax to Shs 235.5 billion for the first half of 2024 on the …
Read More »Multichoice Talent Factory 2025 calls for entries
MTF’s curriculum is built on a hands-on approach, complemented by mentorship from industry experts Kampala, Uganda | THE INDPENDENT | MultiChoice Talent Factory (MTF) is now accepting applications for its 2025 fully funded academic program, extending an opportunity to aspiring filmmakers, scriptwriters, producers, and storytellers across Africa. The application is open …
Read More »76 lives lost in 6 days due to unsafe overtaking
Kampala, Uganda | THE INDEPENDENT | Unsafe overtaking has been identified as a major factor contributing to last week’s devastating road crashes, which claimed 76 lives across Uganda. According to the Traffic and Road Safety Directorate, most of the fatal incidents between August 11 and August 17 occurred when drivers and …
Read More »Kampala property market sees shift toward short-term rentals
The developers in prime areas like Nakasero and Kololo have responded to these market dynamics by replacing older, detached houses with modern apartment blocks Kampala, Uganda | THE INDEPENDENT | Kampala’s property market is undergoing significant changes as property owners increasingly shift their tenancy preferences from long-term leases to short stays, …
Read More »Passport applicants fleeced money for photos
Kampala, Uganda | THE INDEPENDENT | Hundreds of passport applicants have been fleeced money for photos. Wampewo Police Post and Jinja Road Police Station receive several cases of people being defrauded outside the immigration offices at the Ministry of Internal Affairs at Port Bell Road. Simon Peter Mundeyi the Spokesperson for …
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