Pay television service providers lost at least 31.9% subscribers in the 12 months to December 2024, according to the Uganda Communications Commission (UCC) Market Performance Report. The loss is contained in four UCC Market Performance Reports, all of which registered a decline in subscriber numbers with the worst drop recorded in the three months to September 2022. The data was collected in over four quarters between January and December 2024. The 31.9% drop, according to UCC data, translates to an aggregate loss of 470,000 subscribers, which signals an increasing difficult operating environment for pay television service providers and the…
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Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024. Details contained in the Insurance Regulatory Authority (IRA) Market Performance Report show that gross written premiums rose from UGX 1.5 trillion in the same period in 2023 to UGX 1.7 trillion supported by considerable growth in microinsurance, Health Maintenance Organizations (HMOs) and life premiums. During the period, microinsurance posted the largest share of growth of 67.4%, doubling gross written premiums from just UGX 888 million to UGX 1.4 billion, while premiums under HMOs grew by 24.01%, rising from UGX…
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