Britam Life Assurance has taken a significant step to enhance its market position by signing a retirement benefits agreement with the Northern Corridor Transit and Transport Coordination Authority (NCTTCA). This strategic move marks the rollout of Britam’s retirement solution designed…
NIC Holdings Limited (NIC) has officially announced the retirement of its Managing Director, Mr. Bayo Folayan, effective 30th April 2025, marking the end of a distinguished 13-year tenure. The company also revealed the appointment of Mr. Elias Edu as the Acting…
Stanbic Bank, the anchor subsidiary of Stanbic Uganda Holdings Limited (SUHL), hosted an inaugural financial literacy session recently for senior administrators of primary, secondary, and vocational schools in the Kampala Metropolitan Area. The event took place at Hotel Africana, in…
The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement African Export-Import Bank (Afreximbank) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to…
In a move set to shake up the insurance industry in Uganda, Aidah Nkwanzi has taken the reins as the new Chief Executive Officer of Britam Life Assurance. A seasoned insurance expert with over 18 years of experience, Nkwanzi is…
Early this year, Stanbic Uganda Holdings, the parent company of Stanbic Bank Uganda, announced a profit of over Sh400 billion after tax. This was attributed to the bank’s innovative lending initiatives. In a bid to hold on to the success,…
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, has reported an increase in gross profit to KSh 862 million in 2023. “Absa Life continues to maintain a healthy quality of portfolio in the products we provide to the…
In the ever-evolving landscape of financial services, one term has been making significant waves – Bancassurance. This harmonious combination of banking and insurance not only simplifies a complex concept but also creates a dynamic synergy that benefits both the banking…
The Managing Director, DTB Bank, Mr. Thambi Varghese, highlighted the contribution of @dtb_uganda to the insurance sector saying “It’s very substantial, with over 10% of the total bancassurance contribution in 2022” He went on, “This is the most innovative agent…
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business generated Shs406.37bn as the life insurance business…
UAP Old Mutual has registered impressive growth and a record market leadership, according to the recently released Financial Statements for the year ended 31st December 2021. Regardless of the low insurance penetration (below 1% mark for years), UAP Old Mutual…