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March 13, 2026
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    financial services Uganda

    Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

    Paul MurungiBanking & Financial ServicesInsuranceThe Big StoryMarch 13, 2026March 13, 2026

    The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance…

    Insurance Premiums Hit UGX 2.03 Trillion as Jubilee and Prudential Lead Life, SanlamAllianz and Old Mutual Dominate Non-Life

    Paul MurungiBusiness & MarketsInsuranceThe Big StoryMarch 13, 2026March 13, 2026

    The insurance industry closed the fourth quarter of 2025 with gross written premiums of UGX 2.02 trillion, representing a 14.8% growth from UGX 1.76 trillion in the same period of…

    SanlamAllianz Uganda CEO Ruth Namuli discusses the merger, digital innovation, claims reform, micro-insurance, and the future of general insurance in Uganda.

    Modernising General Insurance: SanlamAllianz CEO Ruth Namuli on Building Uganda’s Insurance Powerhouse with Trust, Innovation, and Scale

    Paul MurungiBusiness & MarketsInsuranceThe Big StoryMarch 10, 2026March 10, 2026

    Ruth Namuli, Chief Executive Officer of SanlamAllianz General Insurance Uganda, leads the Ugandan arm of Africa’s largest non-banking financial services company.  With over 18 years of experience in the insurance…

    Discipline over Scale: How Anthony Lubandi Is Positioning NIC Life for Uganda’s Next Insurance Phase

    Muhereza KyamuteteraNews & AnalysisFebruary 28, 2026February 28, 2026

    In Uganda’s evolving insurance landscape, leadership increasingly demands more than technical competence. It requires governance discipline, capital prudence, and long-term thinking. At NIC Life Assurance Company Limited, Managing Director Anthony…

    Uganda’s insurance industry in 2025: A year of growth, consolidation, and reckoning

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 30, 2025February 28, 2026

    There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from…

    I&M Select Banking Sapphire Club wins “Best Innovation of the Year” at UMEAS 2025

    Brian EmorutCompany NewsNews & AnalysisDecember 14, 2025December 14, 2025

    The I&M Select Banking Sapphire Club, by I&M Bank Uganda, was named the ‘Best Innovation of the Year’ at the fifth Uganda Marketing Excellence Awards (UMEAS), held on Thursday evening…

    Robinah Siima, FINCA Uganda CFO: Quiet Discipline and the Evolution of Finance to Strategic, Human Impact

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 10, 2025December 10, 2025

    FINCA Uganda CFO Robinah Siima won the Young CFO Award at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda.  Siima…

    How Stanbic Bank CFO Ronald Makata Blends Governance, Technology and Human Leadership to Drive Performance

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 6, 2025December 6, 2025

    How Stanbic Bank CFO Ronald Makata Blends Governance, Technology and Human Leadership to Drive Performance Fresh from a standout performance at the 9th edition of the Chief Financial Officer Awards…

    Absa Bank Uganda Reintroduces Custody Services to Boost Capital Markets

    Muhereza KyamuteteraBusiness & MarketsCompany NewsOctober 7, 2025October 23, 2025

    Absa Bank Uganda has reintroduced its custody services in a move that underscores the bank’s commitment to deepening Uganda’s capital markets. The development provides institutional investors with secure, efficient, and…

    Old Mutual Investment Group Appoints Former NSSF MD Richard Byarugaba as Board Chairman; names Charles Ernest Hamya to its Board

    Paul MurungiThe Big StoryAugust 13, 2025August 14, 2025

    Old Mutual Investment Group has unveiled a strengthened governance bench with two strategic appointments: veteran financial services executive Richard Patrick Byarugaba as Board Chairman, and seasoned corporate leader Charles Ernest…

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    Latest Stories

    • After 29 Years in Court, Government Ordered to Pay UGX 512.9 Million in Kamuli Land Dispute
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    • Building Financial Resilience: How CFO Arnold Ainebyona Is Positioning SanlamAllianz Life for Growth and Capital Strength
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    • Saviour Chibiya, Regional Chief Executive, Absa Group, addresses staff during a town hall meeting with Absa Bank Uganda employees at the Kampala Sheraton Hotel this week. During his visit to Uganda, Chibiya emphasised Absa’s ambition to become the “bank of choice for economic development” across the markets where it operates.
      “We Want to Be the Bank of Choice for Economic Development”: Saviour Chibiya on Absa’s Strategic Bet on East Africa 
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    • UK Scholarships Unit Head Visits Uganda to Strengthen Chevening and Commonwealth Education Partnerships
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    • Janet Navuuga says Uganda’s evolving governance landscape demands more than qualifications for board leadership. The Fit and Proper Test ensures that integrity, competence, and ethical reputation remain central to those entrusted with corporate oversight.
      Preparing for Board Leadership: Why the Fit and Proper Test Matters
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    • Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion
      by Paul Murungi
      March 13, 2026
    • Insurance Premiums Hit UGX 2.03 Trillion as Jubilee and Prudential Lead Life, SanlamAllianz and Old Mutual Dominate Non-Life
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    • Justin Mollel, a Tanzanian finance executive and former Serengeti Breweries director, has been appointed incoming Group Chief Financial Officer of East African Breweries.
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