The newly merged SanlamAllianz Uganda has officially become the country’s second-largest general insurer. Market performance report for the 2025 third quarter by Insurance Regulatory Authority (IRA) shows that the merged entity, resulting from the union of Sanlam General and Jubilee Allianz, which was formally licensed in August 2025, has immediately reshaped the structure of Uganda’s non-life insurance market. IRA data shows that SanlamAllianz now holds 19.8% of the general insurance market, with UGX 173.33 billion in gross written premiums. This places it just behind long-time market leader Old Mutual, which posted UGX 185.88 billion and a 21.2% market share. As…
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A November 2025 RMB white paper titled Continent at a Crossroads has warned that Africa is entering a decisive decade. The choices governments, firms, and regional blocs make will determine whether the continent turns its advantages into broad prosperity or falls back into familiar traps. The study is grounded in 47 leadership interviews and a survey of more than 2,300 respondents. It frames Africa’s outlook through nine linked forces, from governance and integration to demographics, technology, and geopolitics. The paper’s most consistent finding is that governance is the single biggest constraint on Africa’s economic transformation. Interviewees repeatedly point to weak…
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Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase. On 24 October, Absa confirmed that it would acquire Standard Chartered’s entire WRB portfolio, including clients, staff, deposits, and assets. It is one of the most significant realignments in Uganda’s banking sector in recent years. The deal has now moved to the COMESA Competition Commission (CCC), which on 18 November issued a formal Notice of Inquiry. The inquiry will evaluate whether the transaction could reduce competition in the COMESA region…
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Tatenda Nigel Chinodakufa is often described as “the man helping Africa’s fintechs grow without stepping on regulatory landmines.” As Regional Business Development Director at Sumsub, a technology firm specializing in…
The Industrial Court has ordered Uganda Airlines to pay its former Chief Executive Officer, Cornwell Muleya, more than UGX455 million following a ruling that found his dismissal illegal. In a detailed judgment delivered on October 24, 2025, by Justice Anthony Wabwire Musana, court held that Muleya’s suspension and eventual termination violated the Employment Act. Additionally, it contravened Uganda Airlines’ Human Resource Manual, particularly for failing to accord him a fair hearing before dismissal The award comes after a long legal battle that began when Muleya challenged his 2022 dismissal, arguing that he had been unfairly removed without due process. Court…
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Jack Ngare, Technical Director in Google Cloud’s Office of the CTO in Nairobi, believes Africa’s innovations are not side projects for global companies but lessons that shape how the world…
As the CEO of Letshego Uganda, Giles Aijukwe stands at the intersection of ambition and accountability, tasked with delivering financial growth in a sector still playing catch-up on inclusion. In this three-segment Q&A, the seasoned executive opens up about leading with conviction and building a values-based culture. What does “inclusive finance” truly mean to you, beyond the business jargon? To me, it is about dignity. It means ensuring that a market vendor in Gulu or a boda rider in Masaka has the same right to access financial solutions as a corporate professional in Kampala. It’s not charity; it’s creating systems…
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The Electricity Regulatory Authority (ERA) has suspended licensing of new grid-connected solar photovoltaic (PV) and wind power projects. The suspension originates from concerns over the national grid’s current capacity to…
The Police Criminal Investigations Directorate (CID) is investigating Quillino Bamwine, who previously served as the Honorary Consul of the Kingdom of Eswatini to Uganda, for allegedly obtaining UGX 372 million (about $100,000) by false pretences. The case, registered under reference KMP GEF 285/2025, stems from a complaint by Joel Kakira, who claims he lost money in two aborted land-sale transactions in Kololo and Naguru, Kampala. In a letter dated October 21, 2025, police directed Bamwine to appear before the Deputy CID Commander, Kampala Metropolitan Police, on October 30, 2025, to respond to the allegations. Recurring theme Although it is not…
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A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most powerful interoperable payment ecosystems. Together, the two will drive over UGX 6 trillion in annual digital transactions, merging liquidity, inclusion, and innovation into a seamless financial network that connects over 1.5 million Ugandans. Fillings contained in the two banks’ 2024 financial reports tell of a partnership that could shape a new revolution in Uganda’s e-money ecosystem. Yet it introduces a new chapter of partnerships that will likely reshape how…
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