Global reinsurance firms have publicly declared that they would not provide insurance cover for the East African Crude Oil Pipeline. But Uganda Re has assured the country that it is ready to provide the much-needed services for the project. The company’s CEO Ronald Musoke shares the growth in business and …
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The insurer recorded Shs 1.36billion in gross written premiums in 2020, representing a 35.9 percent drop compared to the previous year | THE INDEPENDENT | NIC Life Assurance, a subsidiary of NIC Holdings could face substantial losses in premiums following the decision by the regulator to suspend its operations. The …
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The growth is attributed to increased awareness about the benefits of investing through CIS vehicles among local investors | THE INDEPENDENT | The level of savings and investment in Uganda’s capital market has grown significantly, notwithstanding the reduction of disposable incomes as a result of the prevailing inflationary pressures, the …
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The quarterly payments will encourage savings among users, executives say | THE INDEPENDENT | Uganda’s biggest telecoms – MTN and Airtel – have paid a combined interest to customers with outstanding balances of Shs1 and above for the second quarter of this year Shs 9.1bn. MTN Uganda paid Shs5.7billion to …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s bold decision to list its shares on the Uganda Securities Exchange last year has propelled it to the league of Africa’s most valuable companies. The latest premier annual survey by South Africa’s African Business Magazine on Africa’s Top 250 Companies, ranked MTN Uganda …
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Supporting the wheels of integration: 35 cyclists from EAC member state flagged off in Kampala Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda Ltd together with the Ministry of East African Affairs, today flagged off the 5th edition of the Great African Cycling Safari (GACS) at the bank Headquarters in …
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Kampala, Uganda | THE INDEPENDENT | The debate on Uganda’s Oil industry by the European Union Parliament and a subsequent resolution condemning the crude pipeline continues to draw mixed reaction across the country. An online petition to counter the EU legislator’s resolution garnered the intended 7000 signatures in three days …
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Kigali, Rwanda | Xinhua | A road upgrading project in Rwanda contracted to China Road and Bridge Corporation (CRBC) has helped ease traffic flow and advance seamless trade along the Kigali-Bugesera district, eastern Rwanda. The upgraded road, stretching 13.8 km, starts from the Sonatube roundabout in Kigali, the capital …
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Kampala, Uganda | THE INDEPENDENT | The planned crackdown on unregistered Boda boda operators in Kampala has failed to kick off. As the mandatory Boda boda registration closed on Friday last week, the Minister for Kampala, Hajati Minsa Kabanda warned that unregistered motorcycle taxis commonly known as Boda boda will not be …
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Don’t dismiss it. Disprove it Kampala, Uganda | JOSEPH WERE | Days after the European Union passed a resolution condemning ongoing investment in fossil fuels in Uganda, the basis for the censure remains unclear. The Lake Albert Development Project consists of several partners, with the French multinational oil company TotalEnergies (Total) …
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