Insurer’s losses more than triple to Shs 6.39bn in 2018 Kampala, Uganda | ISAAC KHISA | Cooperative Insurance Company Africa Uganda Ltd, commonly known as CIC insurance, recorded a sharp drop in profits last year but management assures its shareholders that everything is in control. The company’s financial results for …
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THIS WEEK: CIC Insurance to sell insurance in the extractive industry Kampala, Uganda | THE INDEPENDENT | Regional insurance firm, CIC Insurance, is set to unveil a comprehensive cover targeting mining, oil and gas industry players, according to Kenya’s Business Daily. Group general manager for marketing and distribution, Joseph Kamiri, said …
Read More »CIC Africa Limited is seeking to raise Sh7.2billion to recapitalise the company’s subsidiaries and fund its expansion. The company plans to raise the funds through sale of 49 % stake to Uganda based co-operatives unions and savings and credit cooperative Societies. Launching the offer on Oct 17, the firm’s chairperson …
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