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TodayWednesday, April 29, 2026

financial services Uganda

(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.
(L–R): David Wandera, Managing Director; Michael Segwaya, Chief Financial Officer; and Keith Kalyegira, Board Chairman—leaders at the centre of Absa Uganda’s 2025 breakout performance, steering the bank through a period of transition to deliver accelerated growth, stronger financials, and a clear strategic shift toward scale and impact.

Facts Behind the 2025 Figures: The Year Absa Uganda Shifted Gears—Growth, Discipline, and a New Leadership Era

Absa Bank Uganda’s 2025 results were not just strong—they were unexpectedly strong for the moment in which they were delivered. In a year defined by leadership transition, shifting market dynamics, and underlying
April 17, 2026
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A photo collage of top-performing Bank CEOs in Bancasurrance: From left to right; Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Uganda CEO, David Wandera.

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

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 Regulatory Authority
March 13, 2026
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Uganda insurance industry titans: From top left: Eugine Mutekhele, Deputy Chief Executive Officer, Jubilee Insurance Uganda, Tetteh Ayitevie, Chief Executive Officer, Prudential Uganda, Ruth Namuli, Chief Executive Officer of SanlamAllianz General Insurance Uganda, Andrew Makumbi. Acting Managing Director & Chief Finance Officer, Old Mutual Insurance Uganda.

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

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 2024. While
March 13, 2026
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SanlamAllianz Uganda CEO Ruth Namuli discusses the merger, digital innovation, claims reform, micro-insurance, and the future of general insurance in Uganda.
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

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 industry, she
March 10, 2026
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From top row: A photo collage of Alhaj Dr. Kaddunabbi Ibrahim Lubega- CEO of the Insurance Regulatory Authority (IRA) of Uganda, Ruth Namuli- CEO of SanlamAllianz General Insurance Uganda, Stephen Chikovore- the outgoing CEO of Old Mutual General Insurance Uganda, Paul Kavuma- Country Head of Operations, Liberty Uganda, Fiona Magezi- Managing Director of OLEA Uganda, Nicholas Lutakome- CEO of MUA Insurance, Alexander Mukasa- CEO of SanlamAllianz Life Uganda, Nassuna Christine- Managing Director of AAR General Insurance Uganda and Mr. Zul Abdul- Jubilee Holdings Chairman.

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

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 the numbers
December 30, 2025
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