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Uganda’s insurance sector has for long been viewed as a male-dominated sector, however, the last decade has seen more women rise into leadership ranks. On this Women’s Day, the CEO Magazine profiles some of the exceptional female leaders making meaningful contributions and major career accomplishments. Sophie Nkuutu | UAP Old Mutual Life Assurance chairperson Mrs Nkuutu chairs the board of one of most profitable insurance companies in the life category in Uganda. UAP Old Mutual is the second largest insurance company in the life category with a market share of 17.9%. She has over 25 years of experience in…
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#1: CONDOMINIUMS ARE THE FUTURE- BUILD SOME OR BUY ONE Land in Kampala City is getting expensive and the traditional Ugandan bungalows with large gardens can only be sustained several kilometres away from the city centre. A cost-effective way of utilising land is building upwards. A typical family in Kampala must spend close to 4 hours daily, getting to and from work- time they should be used to improve their business or careers or with their families. Compared to condominiums where there is a shared cost of maintenance and therefore enhanced security, the bungalows in the suburbs are getting more…
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The LC5 Chairperson of Busia Stephen Wasike Mugeni has asked Ugandans to buy shares in Umeme to benefit from the good performance of the Utility. Wasike, while speaking at the opening of the Busia Service Centre earlier this week said Umeme’s performance over years was glowing and the locals should be part of the success by buying shares since the Company is listed on the Uganda Securities Exchange. He commended the utility for bringing their services closer to the community. “People in Busia are grateful that Umeme is now responding to their issues. This new Service Centre will address most…
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The deal is signed and sealed. Ugandans now own 15% of MTN Uganda. This follows the successful completion of the MTN Initial Public Offering which culminated into the listing of the telecom on the Uganda Securities Exchange (USE). The listing was a regulatory obligation of the telecom in fulfilment of its second national telecom operator licence in accordance with the national broadband policy of 2018 which sought to increase local participation in the telecom sector. Following its listing, MTN, whose shareholding structure only comprised 4% local ownership prior to the IPO, has now welcomed more Ugandans to share in its…
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