The regulator’s focus is on expanding its customer base and increasing average spending in the insurance sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance sector has shown steady growth, with underwritten premiums increasing from Shs 711.6 billion in the second quarter of 2022 to Shs 828.9 billion in the second …
Read More »Absa expands access to credit cards
Kampala, Uganda | THE INDEPENDENT | In a bid to expand access to credit card services in Uganda, Absa Bank Uganda has launched two new credit card digital innovations named ‘Buy Now, Pay Later’ and ‘Credit Card-Initiated Payments’. ‘Buy Now Pay Later’ will enable customers to make payments off their credit …
Read More »TotalEnergies to decarbonize its European refineries
French super major call for tenders to supply 500,000 tonnes of green hydrogen per annum Kampala, Uganda | RONALD MUSOKE | French energy giant TotalEnergies has initiated a step toward its goal of decarbonizing its European refineries by issuing a call for tenders to secure an annual supply of 500,000 tonnes …
Read More »Insurtechs provide great potential for microinsurance growth in emerging markets
However, experts emphasize building trust and financial literacy to attract more customers Kampala, Uganda | ISAAC KHISA | Nairobi-based insurtech firm, Turaco’s decision, to unveil operations in Uganda to provide medical insurance has signalled an immense potential for the growth of microinsurance in emerging markets, especially across Africa. Launched four years …
Read More »South Korea-Africa cooperation
Seoul commits US$600 million to Africa’s energy, agriculture Kampala, Uganda | RONALD MUSOKE | South Korea has injected US$600 million into the development of Africa’s energy and agricultural sectors as the call to have close to 600 million Africans get access to an electricity grid gathers pace across the continent. The …
Read More »Focus on global public health at UN General Assembly
World leaders urged to commit to progress on pandemics, health for all ANALYSIS | THE INDEPENDENT | The World Health Organisation (WHO) has urged leaders meeting at the 78th session of the United Nations General Assembly (UNGA 78) in New York to put health for all on the highest political agenda. …
Read More »Stanbic’s back-to-school cash-back promotion
Kampala, Uganda | THE INDEPENDENT | At least 200 lucky parents stand a chance to win cash prizes worth Shs100 million when they pay school fees for their children through FlexiPay or Stanbic Bank agent banking channels, courtesy of a six-week back-to-school cashback promotion aimed at supporting guardians return their kids …
Read More »The toll-free line to fight the sale of blood launched
Kampala, Uganda | THE INDEPENDENT | The head of Jinja Blood Bank, Adonia Nanhumba, has expressed concern over the alarming decline in blood donations attributed to negative public perceptions. The blood bank, situated within Jinja Regional Referral Hospital, faces a monthly target of 1300 units but often falls short due to …
Read More »Uganda Muslim Supreme Council appoints Kivumbi Muzamiru
Kampala, Uganda | THE INDEPENDENT | Mr. Kivumbi Muzamiru has been named the new executive officer at Uganda Muslim Medical Bureau (UMMB) Old Kampala. The appointment represents a continuation of the bureau’s goal to strengthen the culture of entrepreneurship and innovation across the Muslim healthcare system. Mr. Kivumbi replaces his former …
Read More »16th Africa Dairy Conference held
Kampala, Uganda | THE INDEPENDENT | Participants at the 16th Dairy Africa Conference and Exhibition hinged on the need for member states to promote milk value addition to fetch high prices regionally and on Global markets. The call was made by various keynote speakers during day two of the Eastern and …
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