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The insurance sector in Africa, particularly in Uganda, presents a remarkable opportunity for growth and innovation. With a penetration rate of only 0.85% in Uganda and under 3% across the continent, the market is vastly underdeveloped compared to global averages, where insurance penetration typically hovers around 7%. As of 2023, the African insurance market is valued at approximately $87.4 billion, projected to reach $153.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3% during this period. This stark contrast highlights the sector’s immense potential for expansion and innovation. Several factors drive this optimism, including a growing population…
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As the world becomes more connected and global it is offering more opportunities to those who are swift enough to take up the opportunities there are. TMS Ruge is one of the people who have in the past decade poured out their body and soul into investing in an international brand. Ugandan made products are fast penetrating the global market; the lastest being TMS Ruge’s Qwezi Beauty Products. “@QweziBeauty, is now available for delivery in North America. If you love all natural products and the power of moringa oil, head on over to http://qwezibeauty.com for order and delivery,” TMS Ruge…
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Albert Mucunguzi, Chairman , ICT Association of Uganda says the two-day event will be a celebration of Uganda’s digital journey and will be an avenue to discuss solutions to the on-going setbacks in a bid to build better digital spaces and transform Uganda’s tech ecosystem KAMPALA — HiveColab, an innovation hub and startup incubator in Kampala, has partnered with ICT Association of Uganda (ICTAU) and will in November host the much-anticipated Swarm Summit and Tech Expo 2019. According to organisers, this year’s exhibition will be held at Uganda Manufacturers’ Association (UMA) show ground in Lugogo, between 22nd to 23rd of…
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