Old Mutual Uganda Aligns with Pan-African Identity Amid Shifting Market Realities as Rivals Close In

Old Mutual Uganda Executives

Left to right: Zac Kisesi, Managing Director, Old Mutual Investment Group; Richard Byarugaba, Board Chair of Old Mutual Investment Group; Mathias Katamba, Chairman of UAP Old Mutual General Insurance; Kenneth Kitariko, Chairman, Old Mutual Life Assurance Uganda Limited; Stephen Chikovore, Managing Director of Old Mutual Insurance; and Patrick Kimathi, Managing Director of UAP Old Mutual Life Assurance — during the official launch of Old Mutual Uganda’s refreshed brand in Kampala on October 8, 2025. The rebrand marked a unifying step under Old Mutual’s Pan-African identity — a bold declaration of renewed ambition and resilience. Yet, it also underscored the challenge ahead: defending market leadership in insurance and investments amid fierce competition from fast-rising rivals like SanlamAllianz, Prudential, and ICEA Lion, in an industry transforming at unprecedented speed.