Airtel Uganda increases internet bundles, leaves price uncnaged Kampala, Uganda | ISAAC KHISA | Telcom firm, Airtel Uganda has taken a price war to the door step of MTN Uganda with a massive increase in internet capacities. The telco, effective Feb.21, doubled daily internet bundles and increased the one on …
Read More »Excel Construction to reap US$23.2m from oil deal
Kingfisher project is expected to produce at least 40,000 barrels of oil per day in the initial stages Kampala, Uganda | ISAAC KHISA | A local construction firm, Excel will earn US$23.2 million in building well pads, 2.5km fence, access roads and water intake points in the Kingfisher oil development …
Read More »Uganda’s per capita health expenditure far below WHO’s recommended standard
Kampala, Uganda | Isaac Khisa | Ugandan government has more than doubled the health sector budget since the Financial Year 2015/16 but it still remains inadequate, according to preliminary findings in a study carried out by a civil society organisation, Uganda Debt Network. The study set to be released next month …
Read More »East Africa records little progress to reduce inequality
Uganda scores poorly on all indicators – health, education and social protection Kampala, Uganda | ISAAC KHISA | East African countries have recorded impressive economic growth in the past two decades but there has been little progress in reducing inequality in its population. A new report by a global organisation …
Read More »Uganda offers highest pension benefits
Octagon Africa, a regional financial services provider offering pension and insurance service entered Uganda’s pension market in 2013, and now holds about US$100million in assets under its management. The firm’s CEO Fred Waswa spoke to The Independent’s Isaac Khisa on a wide range of issues in the pension industry. What …
Read More »Refugees and environmental degradation
Eliminating misconceptions and offering solutions Kampala, Uganda | ISAAC KHISA | With 1.5million refugees, Uganda is the top refugee-hosting country on the African continent and one of the top five hosting countries in the world. Although the country has a relaxed policy which allows refugees to live outside camps, the …
Read More »Airtel Uganda unveils Airtel Cares initiative
The innovation will rescue farmers who, for many years, have suffered losses Kampala, Uganda | ISAAC KHISA | Airtel Uganda has unveiled Airtel Cares, an initiative set to support communities with digitalised agriculture, health and education services. The telco on Jan.24 rollout digitalised agriculture value chain services in partnership with …
Read More »Sanlam takes over Metropolitan Life insurance portfolio
This increases the insurer’s market share to 12.8% with gross written premiums of Shs41.7bn Kampala, Uganda | ISAAC KHISA | South African based financial services provider, Sanlam Emerging Markets (Sanlam) has continued with the expansion spree in Uganda, with the latest information indicating that its life insurer, Sanlam Life Insurance, …
Read More »Bancassurance: Banks earn Shs12bn as commission
Insurance brokers will need to evolve on how to engage, advise and on-board customers Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks earned Shs12bn in commission as insurance agents for nine months to September 30, 2021, underscoring the significance of banscassurance as a new revenue stream for financial institutions. …
Read More »COVID-19 pandemic pushes 3 insurers out of business
But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …
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