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In The Magazine

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Insurers Q2 premium surges 17% to Shs 828.9bn

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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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