Bancassurance contributed UGX103.5billion to the UGX1.1trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22% to consolidate its position as market leader. Bancassurance is the sale of life assurance and other general…
Saltson, a Ghanian national was appointed CEO and Managing Director of Standard Chartered Bank Uganda in March 2017. He took over from Herman Kasekende, the first Ugandan to head Standard Chartered Bank, having been appointed to CEO Standard Chartered Bank…
Digital safety is a fundamental right for consumers, and all stakeholders should join hands to enforce it, the Uganda Communications Commission Ag. Executive Director Irene Kaggwa Sewankambo has said. “The Commission recognises that digital safety is a fundamental right for…
SafeBoda has announced a new partnership with Rubis Energy Uganda where customers and drivers will enjoy great discounts when purchasing fuel at Rubis stations. SafeBoda recently acquired a National Payments Services license from Bank of Uganda which allowed the company to…
Michael Atingi-Ego, the Deputy Governor of Bank of Uganda, said, “Uganda’s inspirational ranking amidst a raging Covid-19 pandemic should galvanize us to sustain the good policies and interventions as well as to undertake the strategies that will unleash the power…
Rashmi Pillai has been appointed Head of Public Policy – Anglophone for Wave Mobile Money after serving Financial Sector Deepening Uganda (FSD Uganda) as the Chief Executive Officer for the last four years. She has over 17 years of experience in digital financial services, social…
The Deposit Protection Fund (DPF) has revealed that it has about 20.1 billion which is supposed to be paid to shareholders and depositors of closed financial institutions upon the conclusion of liquidation processes by the Bank of Uganda (BOU) In…
Kampala – 3rd May 2022: Airtel Mobile Commerce Uganda Limited (AMCUL), the leading mobile financial solutions provider in the country, has today appointed Hon. Maria Kiwanuka as Board Chair. The appointment that was announced by Airtel Money Africa’s Group CEO,…
Airtel Uganda has unveiled the ‘Uganda Needs More of You Campaign’ to celebrate and recognize Ugandans using technology to transform the lives of others. Mr Manoj Murali, the Airtel Uganda Managing Director, said the campaign will help them discover and…
March 3, 2022. The Insurance Regulatory Authority of Uganda (IRA) has launched the inaugural Insurance Week, an event that seeks to take insurance information closer to the people so as to enable people make informed buying decisions and increase the…
CNOOC Uganda has confirmed a final investment decision (FID) for the Kingfisher field, marking another step forward for the Lake Albert development. Energy Minister, Ruth Nankabirwa, said on November 3rd the chairman of CNOOC had reported the FID to her…
Uganda Revenue Authority (URA) yesterday handed over the mandate to register and license motor vehicles in the country to the Ministry of Works and Transport. In a statement, URA says: “Following the Government decision to transfer the administration and management…
Thursday 4th November 2021- Nairobi Kenya: Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and…
Representatives from MTN Uganda and SBG Securities plus Crested Capital (stockbrokers of the MTN IPO), have arrived in Arua for a town hall meeting to drive awareness and provide vital information about the MTN offer of shares and the stock…
The Bunyoro Kingdom leadership has encouraged its subjects to invest in the MTN shares following a series of town hall presentations by the MTN leadership team and the stockbrokers early this week. Robert Owagonza, the Bunyoro Kitara Kingdom finance minister,…