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Allan Mafabi is not all just talk. He is practical too. He has grown Britam Insurance tenfold in 10 years and is now eyeing the top. In this interview with Muhereza Kyamutetera, the Executive Editor of CEO East Africa Magazine, he shares his story, lessons learnt, inspirations, fears and hopes. I am sure very many have different ways they look at you- but as a person, how do you describe yourself? What is your leadership/management style? I look at myself as somebody who is very goal-oriented; somebody who is very focused on what I want to achieve. Somebody who is…
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Last week, East African Breweries Limited (EABL), the region’s leading branded alcohol beverage business and a subsidiary of Diageo, the global alcohol giant announced that it had appointed Felix Okoboi as an Independent Non-Executive Director. The appointment took effect on 30th May 2023. Although the announcement didn’t say, Felix is more or less, a replacement for Japheth Katto, who retired from the Board in February 2023, after 9 years of service. Felix joins Jimmy Mugerwa, another Ugandan Independent Non-Executive Director on the board. Uganda is the second biggest unit of EABL, contributing about 20% of the business, after Kenya which…
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The dispute stems from a 1st July 2016 to 30th June 2017 performance bond worth USD3,000,000 the three companies made to Rift Valley Railways (RVR), then a concessionaire of URC’s assets. The bond was co-insured between Old Mutual Insurance Uganda Ltd (40 per cent); Sanlam General Insurance Uganda Ltd (30 per cent) and Britam Insurance Uganda Ltd (30 per cent). It shall be remembered that URC entered into a concession agreement with Rift Valley Railways Uganda Ltd (RVRU) allowing the latter to run the operations of URC for twenty-five years effective 1st November 2006. As a condition, RVR had to…
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The top 10 non-life insurance companies, control 87.7% of the category, having underwritten UGX499.8 billion in premiums- out of a total of UGX569.96bn in non-life category premiums. They are: Jubilee…
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