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NIC Holdings has come out to explain the suspension of the operating licence for NIC Life Assurance Company Limited (NIC Life). The Insurance Regulatory Authority – IRA recently suspended the operating licence NIC Life Assurance Company Limited (NIC Life) due to the delayed appointment of Managing Director/Principal Officer. NIC Life is a subsidiary of NIC Holdings Limited. The Board says they had advertised the position in the newspapers in July, 2022 and that the process of recruiting a substantive Chief Executive Officer was underway. Elias Edu, Esq, Company Secretary says in a meeting, with the regulator on 12th August, 2022…
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NIC Holdings Limited has approved the resolution of re-electing Messrs. Charles Tukacungurwa and Obayomi Lawal as directors of the Company. This was revealed by Elias Edu – Company Secretary in a statement announcing the company’s resolutions during the 21st Hybrid Annual General Meeting (AGM) held on Thursday, 14th July, 2022. Mr. Tukacungurwa holds a Bachelors’ degree in Botany and Zoology and a Masters’ degree in Plant breeding and genetics from Aberdeen, Scotland. He worked in various capacities in the then Agricultural Policy Secretariat under the Ministry of Finance, Planning and Economic Development. He currently works as a private Consultant after…
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The National Social Security Fund (NSSF) has won the Gold Award at the 10th edition of the Financial Reporting (FiRe) Awards, beating 84 organisations which submitted their 2019 financial reports for evaluation. The Fund has won their second Gold Award, having previously won Gold in 2018. The FiRe Awards were held on 4 November 2020 at the Skyz Hotel in Kampala and broadcast live via the Zoom platform and Facebook. Organized by the Institute of Certified Public Accountants of Uganda (ICPAU), in partnership with the Capital Markets Authority (CMA), the Uganda Securities Exchange (USE) and the Vision Group, the FiRe…
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