Business

Parametric insurance has grown in popularity in recent years, with the World Economic Forum recently describing it as a potential “game changer” for mitigating disaster risk ANALYSIS | AGENCIES | Liberty Mutual Reinsurance (LM Re) has partnered with Kenyan financial services provider Britam and farming-focused insurtech Sprout to offer a parametric insurance …

Three important weaknesses that have impeded progress and way forward ANALYSIS | VERA SONGEWE & ISHAC DIWAN | The recent protests in Kenya reflect the frustrated aspirations of young people for higher-quality social services and better economic opportunities. It also highlights the difficulty – in Kenya, and across the developing …

The bank’s low-cost payment solution, FlexiPay, now boasts over 900,000 clients and is gaining traction in both transaction numbers and volumes Kampala, Uganda | THE INDEPENDENT | Stanbic Holdings Uganda Ltd (SUHL) recorded 17.6% growth in profit after tax to Shs 235.5 billion for the first half of 2024 on the …

MTF’s curriculum is built on a hands-on approach, complemented by mentorship from industry experts Kampala, Uganda | THE INDPENDENT | MultiChoice Talent Factory (MTF) is now accepting applications for its 2025 fully funded academic program, extending an opportunity to aspiring filmmakers, scriptwriters, producers, and storytellers across Africa. The application is open …

Africa’s data market is experiencing a reset, with the aggressive rollout of satellite internet and intense competition promising faster and cheaper services, including markets with some of the world’s most expensive data plans. SPECIAL REPORT | BIRD AGENCY | A year after the introduction of commercial-scale satellite internet by Elon …

The developers in prime areas like Nakasero and Kololo have responded to these market dynamics by replacing older, detached houses with modern apartment blocks Kampala, Uganda | THE INDEPENDENT | Kampala’s property market is undergoing significant changes as property owners increasingly shift their tenancy preferences from long-term leases to short stays, …

KAMPALA, Uganda | Xinhua | Uganda said 72 oil wells in its two production areas in the country’s western and northern regions have been successfully drilled ahead of commercial production slated for next year. Ruth Nankabirwa, minister of energy and mineral development, told journalists on Wednesday during a press conference …

Johannesburg, South Africa  | THE INDEPENDENT | Absa Group reported headline earnings of R10.2 billion for the first half of 2024 and said it expects an improvement in second-half Group performance as its South African retail businesses demonstrated earnings growth across the portfolio in the first six months of the year. …

Masaka, Uganda | THE INDEPENDENT | Masaka was buzzing with energy over the weekend as revellers joined in on the Laga Swagga activation, a highlight of UBL’s nationwide campaign aimed at rewarding loyal consumers of iconic brands like Uganda Waragi Premium, Coconut, Lemon and Ginger, V&A, Bond 7, and Gilbeys.  …

Kampala, Uganda | THE INDEPENDENT | Corporate banker, NCBA Uganda has honored its key partners in asset financing, acknowledging their pivotal role in driving regional infrastructure development and growth. The event at the 4 Points by Sheraton Kampala celebrated the collaborative efforts that have significantly advanced the automotive sector and beyond, …