Kampala, Uganda | THE INDEPENDENT | Ugandans and companies buying insurance policies will likely pay higher premiums after insurance companies discovered widespread fraud by hospitals and some customers in the medical insurance side. The increased premium cost is a direct impact of fraud in insurance with insurers moving to cover that …
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Kampala, Uganda | THE INDEPENDENT | Several hospitals face termination from serving clients who have health insurance policies after insurance companies accused them of fraud. This comes after The Uganda Insurers Association (UIA)-commissioned a fraud survey in 2018/19 financial year that found wide-spread cheating with hospitals putting in fictitious claims. …
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Kampala, Uganda | THE INDEPENDENT | Uganda Investment Authority-UIA issued investment licenses to 286 companies in the last financial year, with a promise that they would invest at least US$ 1.3billiion (Shs 4.7tn) in the country. This was a slight improvement from the 247 companies that were offered permits in …
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Kampala, Uganda | THE INDEPENDENT | Uganda Investment Authority – UIA is in possession of an illegal land title for more than 867 hectares of land reserved for the development of Karamoja Industrial Park, according to the Commission of Inquiry into land matters. The commission declared the land title …
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Kampala, Uganda | THE INDEPENDENT | State Minister for Investment Evelyn Anite has tasked the new Uganda Investment Authority (UIA) board to attract quality investors. The new Board was inaugurated this morning at UIA headquarters, Kampala. The new Board brings back Dr Emely Kugonza as the Board Chairman. Other members …
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Kampala, Uganda | THE INDEPENDENT | Government has suspended the license issued to Israel Firm,Together Pharma to grow medical marijuana in Uganda. The State Minister of Finance and Investment, Evelyn Anite announced the decision this morning, saying the Health Minister has been tasked to research on the matter and report …
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Kampala, Uganda | THE INDEPENDENT | A team of Egyptian investors plan to set up a home appliances assembly plant in Uganda. The plant will be used to assemble parts of fridges, gas cookers and washing machines. The plan was disclosed by Egypt’s First Assistant to the Minister of …
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Investment agency is hunting for a new ED as it waits for IGG report on restructuring Kampala, Uganda | IAN KATUSIIME | After making a detailed presentation about investment licensing at a breakfast meeting, Basil Ajer, the Acting Executive Director of Uganda Investment Authority (UIA), held his breath and said he …
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Kampala, Uganda | JULIUS BUSINGE | The Uganda Insurance Association (UIA) is sensitising importers of goods about marine insurance in a bid to complement efforts by the regulator –Insurance Regulatory Authority – in creating awareness and appreciation of the local purchase of this policy. This move is targeting different groups including; …
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Kampala, Uganda | PARLIAMENT UG | Parliament has deferred the debate on the Investment Code Bill to allow the Ministry of Finance and legislators to harmonise positions on controversial clauses in the proposed law. The Bill, first presented to Parliament in May 2017 seeks to revise, modernize and replace …
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The Independent Uganda: You get the Truth we Pay the Price