Business

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Prudential Uganda have launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family. …

Jinja, Uganda | THE INDEPENDENT | Kiira Region police are investigating the circumstances surrounding the death of 60-year-old Ali Mugaya, a renowned coffee dealer in BB Guesthouse in Market zone in Buwenge town council in Jinja district on Tuesday night. The Guesthouse workers discovered his lifeless body this morning when …

Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the IFC, said in Nairobi, the Kenyan …

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 …

Entebbe, Uganda | THE INDEPENDENT | Tanzania has pledged to buy at least 10,000 tonnes of  Ugandan sugar and an unspecified amount Anti-Retroviral drugs-ARVS from Cipla Uganda. In a joint communique issued by Uganda’s State Minister of Foreign Affairs, Henry Okello Oryem and his Tanzanian counterpart, Liberata Mulamula, after a meeting between President …

Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …

The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …

Kampala, Uganda | THE INDEPENDENT | Amidst a heated debate, Minister of Finance Matia Kasaija has named 10 companies that have been paid, and 23 who have been verified and are set to be compensated after losses in South Sudan’s 7-year civil war that started in 2013. The 33 are …

Entebbe, Uganda | THE INDEPENDENT | Tanzania’s President Samia Suluhu Hassan is in Uganda for a two day state visit, and has on day signed health, security, energy and trade pacts. President Yoweri Museveni held a meeting with her at State House Entebbe before briefing the press.   Share on:

Kampala, Uganda | THE INDEPENDENT | Uganda’s leading paint manufacturers, Kansai Plascon treated their dealers from across the country to a sumptuous dinner at the Kampala Sheraton Hotel over the weekend. The dinner which is held annually is aimed at celebrating the company’s dealers for their continued dedication towards the growth …