By Julius Businge The International Monetary Fund Senior Resident Representative in Uganda, Ana Lucia Coronel has said that there is a need for banks to put up stiff competition in the sector, if customers are to benefit. “There is competition but it is not strong enough to influence business decisions,” …
Read More »Foreign competition threatens indigenous insurance companies
By Patrick Kagenda After failing to take over the National Insurance Corporation (NIC) in 2005 in the teeth of competition from Nigeria’s Industrial and General Insurance (IGI), the Kenyan firm Apollo Pan African (APA) Insurance has at last made its way on to the Ugandan financial market. APA, which owns …
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