Uganda’s rising loss ratio signals urgent need for a shift to preventive care to strengthen medical insurance business Kampala, Uganda | ISAAC KHISA | Uganda’s medical insurance sector has experienced significant growth over the past decade, with gross written premiums increasing from Shs 33.6 billion in 2013 to Shs 196.1 billion …

Trade experts recognize progress made but express dissatisfaction with existing trade and investment policies Kampala, Uganda | ISAAC KHISA | In the late 1990s, the Ugandan government came up with the idea of establishing specialized zones dedicated to industries, commonly known as industrial and business parks, where local and foreign investors would …

Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, …

African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …

Analysts hail UNOC’s ambitions but reality of fuel business complex COVER STORY | ISAAC KHISA | The decision by the government of Uganda to directly enter the oil importation and cut out middle players has blown a cloud of uncertainty in the US$2 billion business that is the heartbeat of the …

The economy is now projected to grow in the range of 5-6% in the Financial Year 2023/24 riding on continued economic recovery and the developments in the oil and gas Kampala, Uganda | ISAAC KHISA | Uganda’s economy grew faster in the last financial year than previously anticipated a good sign …

Experts emphasize the importance of building trust and financial literacy to attract more customers Kampala, Uganda | ISAAC KHISA |   More than two decades ago, micro-insurance in sub-Saharan Africa bore the weight of social responsibility, grappling with a modest customer base and low premiums that rendered claims both unstable and unpredictable. …

Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …

BoU data shows members’ deposits stood at Shs.884.96 billion, while shares and other equity amounted to Shs.865.61 billion and Shs.1.471 trillion Kampala, Uganda | ISAAC KHISA | Local insurers in Uganda, just like their counterparts across Africa, are leveraging on bancassurance, agents and their physical outlets to increase insurance sales and …

Experts speak on 2023/24 allocations, taxes, borrowing COVER STORY | ISAAC KHISA | The government’s plan to spend more money next financial year which it hopes mainly to borrow because it cannot raise it otherwise, has led to accusations that “it is playing politics with the budget”. “Our government should not …