Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …
Read More »UAP Life Umbrella Retirement benefits scheme delivers unsurpassed benefits
Kampala, Uganda | PATRICIA AKANKWATSA | UAP Life Umbrella Retirements benefits scheme held a hybrid Annual General Meeting on 16th June 2024 where they declared 12.7% interest. The annual general meeting was opened by Ramlah Nantongo, on behalf of the scheme Trustee, KCB Bank who welcomed the online and the physical …
Read More »UAP Old Mutual shines at the UIA insurance agents’ Awards 2023.
Kampala, Uganda | PATRICIA AKANKWATSA | UAP Old Mutual Group walked away with 9 awards at the just concluded Uganda Insurers Association (UIA) awards held on April 27th at Hotel Africana. UAP won awards in the categories of; Best New Agent to Rashid Kizito. 3rd runner up Highest Premium written …
Read More »Court of appeal halts Sh7billion UAP Insurance payment to National Housing
Kampala, Uganda | THE INDEPENDENT | UAP Insurance Company Limited is breathing a a sigh of relief after the Court of Appeal sitting in Kampala quashed an order by the High Court to pay National Housing and Construction Company Limited 6.788 Billion Shillings over a breach of contract. UAP insurance …
Read More »Uganda Association of Prosecutors protest arrest of Kabale state attorney
Kampala, Uganda | THE INDEPENDENT | Uganda Association of Prosecutors (UAP), an umbrella body that links all prosecutors across the country is protesting the arrest of Edwin Mbabazi, the Kabale District State Attorney over allegations of receiving a small bribe of 125,000 Shillings. Mbabazi was arrested on Thursday by a team of …
Read More »UAP Old mutual insurance’s profits nearly double to Shs 17.2billion
Kampala, Uganda | ISAAC KHISA | UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of UAP Old Mutual Properties …
Read More »Sanlam unveils Income Fund
The product could be a solution for pension funds seeking to diversify their holdings Kampala, Uganda | ISAAC KHISA | Sanlam Investment East Africa has unveiled Sanlam Income Fund in a bid to raise more capital for various investments but also provide favourable returns to investors. This new product places …
Read More »Prosecutors demand for Covid-19 risk allowances
Kampala, Uganda | THE INDEPENDENT | The Uganda Association of Prosecutors-UAP, an umbrella that brings together all the State Attorneys dealing in the criminal matters in the country wants to be given Covid-19 risk allowances. According to the press statement issued by the Secretary General of the Association Arthurton Kukundakwe and …
Read More »Collective Investment Scheme assets more than double to Shs 388.5bn
Investors likely to preserve their savings and capital with CIS and fixed income instruments due to the current coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s Collective Investment Schemes (CIS) have recorded more than double their assets under management (AUM) to Shs 388.5bn for the FY2019/20 as a …
Read More »How Uganda’s insurance firms performed in 2018
Only nine insurance companies recorded approximately Shs40bn as profit Kampala, Uganda | ISAAC KHISA | Only nine out of 21 Non-life insurance companies operating in Uganda made profits for the year ended Dec.2018, data from the Insurance Regulatory Authority of Uganda shows. Jubilee, UAP, Sanlam, Britam, Goldstar, Alliance Africa, Statewide, …
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