Regulator awaits new reforms for insurance sector

Regulator awaits new reforms for insurance sector

With the new Insurance Act, 2017 in place the Insurance Regulatory Authority is optimistic that the Industry is on the right path to compliance with the Insurance Core Principles developed by the International Association of Insurance Supervisors. Marium Nalunkuuma the spokesperson Insurance Regulatory Authority says compliance is aimed at ensuring that Uganda’s insurance industry and […]

dfcu Bank could close 46 branches in fresh legal battle

dfcu Bank could close 46 branches in fresh legal battle

Meera Investments has dragged dfcu Bank to Land Division of the High Court, seeking to reclaim its 46 branches that were allegedly acquired illegally countrywide following the dissolution of Crane Bank. Should court agree with the arguments of Meera Investments, all the 46 country wide dfcu Bank branches will be closed and reverted to them. […]

Agent banking to ease and increase financial inclusion

Agent banking to ease and increase financial inclusion

People living in areas without a commercial bank branch will soon be able to access formal bank services. Banks are currently putting final touches on the preparations to roll out agent banking following the approval of the regulations about three month ago. Reports indicate that at least three banks – Stanbic, Barclay and Centenary Bank, […]

Why Taxify boda is the safest option

Why Taxify boda is the safest option

Why Boda bodas, or motorcycle taxis, are the main forms of transport in Uganda, their safety has been a big issue. But announcement of a boda-boda option on the Taxify app in Uganda has been heralded as a game changer. Taxify, a ride-sharing platform, last week unveiled their boda boda option and the Estonian firm […]

Ugandan journalists to participate in continental Sanlam Awards

Ugandan journalists to participate in continental Sanlam Awards

Sanlam Uganda is proud to announce this morning that Uganda will be participating in the Sanlam Awards for Excellence in Financial Journalism. The awards have been recognising and rewarding exceptional business journalism since 1974. The awards aim to honour the indispensable role of the financial journalist in modern business life and the high standards required […]

NWSC’s Silver Mugisha reappointed to African Water Association top job

NWSC’s Silver Mugisha reappointed to African Water Association top job

The National water and sewerage corporation Managing Director Dr. Eng Silver Mugisha has been reappointed as the Vice President on the Executive Board of the African Water Association during the 19th Congress of the African Water Association and Annual General Meeting at Laico Amitie Hotel in Bamako Mali. At the same event, the corporation’s Director […]

dfcu Bank formally gets license for Bancassurance

dfcu Bank formally gets license for Bancassurance

dfcu customers and the general public can now purchase a wide range of insurance products, including motor vehicle cover, fire and burglary, Child Education, goods in transit and so much more from dfcu Bank. This after the Insurance Regulatory Authority of Uganda granted dfcu Bank a license to offer bancassurance services to its customers. As […]

Long-awaited Climate Change Bill for fresh tabling

Long-awaited Climate Change Bill for fresh tabling

The proposed climate change bill to be tabled before parliament early next month, March 2018. Addressing journalists at Uganda Media Centre, the Parliamentary Forum on Climate Change (PFCC) chairperson Lawrence Songa said that everything about the bill has been drafted and soon it will be presented before cabinet for approval and then parliament. The law […]

UNBS fraudulently extends lucrative vehicles tender to Japanese inspection firm

UNBS fraudulently extends lucrative vehicles tender to Japanese inspection firm

PHOTO: Eng. Dr. Ben Manyindo is the Executive Director of Uganda National Bureau of Standards (UNBS) The Trade Committee of Parliament has ordered the Bureau of Standards to halt the selection process for a firm to carry out pre-shipment verification of motor vehicle imports. This directive was revealed by the deputy chairperson of the Committee […]

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