By Our Reporter Uganda’s insurance industry has seen strong growth in recent years. According to the Insurance Regulatory Authority of Uganda (IRA), total premiums collected rose from shs 1.44 trillion in 2022 to shs 1.6 trillion in 2023, showing an 11.29% increase. However, insurance is still not widely used in Uganda. As of 2022, only 4.5% of the population had any form of insurance coverage. To help solve this problem, new ways of delivering insurance—like bancassurance—are helping more people access insurance. Bancassurance is a partnership where banks sell insurance products on behalf of insurance companies. This setup uses the bank’s…
Author: BigEyeUg1
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By Our Reporter Equity Bank Uganda has once again been designated as a Domestic Systemically Important Bank (DSIB) by the Bank of Uganda (BoU), marking the third consecutive year the bank has received this prestigious recognition. This designation underscores Equity Bank’s significant role in Uganda’s financial sector and its continued commitment to maintaining financial stability. The DSIB status is awarded to banks whose failure could have a substantial impact on the financial system and the broader economy. By meeting the stringent criteria set by the Bank of Uganda, Equity Bank has demonstrated robust financial health, operational soundness, and adherence to…
By Our Reporter Equity Bank is set to host a two-day trade mission in Uganda, bringing together over 40 international investors to explore business and investment opportunities with Ugandan small and medium-sized enterprises (SMEs). The investors arrived in Uganda on Wednesday after spending two days in Tanzania, where they visited Dar es Salaam and Zanzibar. This trade mission is part of a larger initiative by Equity Group to support trade and investment across Africa through the Africa Recovery and Resilience Plan (ARRP). The goal is to strengthen trade between countries and build stronger regional supply chains. The delegation includes entrepreneurs,…
By Our Reporter A group of more than 1,000 women within the Kampala metropolitan area received training to enhance their employability and entrepreneurial skills through a partnership between Coca-Cola Beverages Uganda (CCBU) and the KiBO Foundation. The project, called “Women Arise” is a skills training initiative focused on entrepreneurship, financial inclusion, and business leadership. The programme covered financial literacy, business management, leadership, and Information and Communication Technology (ICT) skills. By the end of the programme, participants designed an Action Learning Project, developed a business plan, and presented it to CCBU and KiBO Foundation. They received mentorship and support to achieve…
By Our Reporter Kati Kati was buzzing with vibes and self-expression on Friday evening as revelers thronged the venue for the Linus Tattoo Party. With South African Amapiano stars, Scotts Maphuma and Lee McKrazy headlining, the night was already set to be one of banging beats and great vibes. From the moment revellers walked through the entrance, the vibe was unmistakable with a curated playground for self-expression, complete with a red carpet and dazzling photo booths ready to capture every moment. For the daring, a dedicated tattoo and piercing station buzzed with the steady hand of surgical artists, offering party…
By Our Reporter Over the weekend, Tanqueray No.10 transformed Adrift Uganda River Club in Jinja into an immersive destination brunch experience, offering guests a refreshing escape from the city, surrounded by nature’s soundtrack of singing birds, swaying trees, and the gentle roar of the nearby River Nile. Cold, refreshing drinks flowed freely all day. Everyone enjoyed classic Tanqueray & Tonics along with colourful mixed drinks that perfectly matched the sunny riverside mood and savory food. To add a unique twist, attendees had the chance to step behind the bar and create their signature drinks, guided by Tanqueray expert bartenders in…
By Our Reporter Equity Group Holdings Plc has once again been recognized as a Superbrand in East Africa, affirming its position as one of the region’s most trusted and influential financial institutions. Superbrands is a globally respected authority on brand excellence, identifying and celebrating exceptional brands across more than 90 countries. The East African edition, now in its ninth volume, showcases brands that have achieved standout status in the eyes of both consumers and industry professionals. The selection process is rigorous and conducted independently. It includes in-depth market research and evaluation by a panel of branding and marketing experts. Brands…
By Our Reporter Equity Bank Uganda has announced its participation in the Buganda BUMU North America Convention 2025, which will take place from May 23rd to 26th at the Omni Boston Hotel at the Seaport. The bank is inviting Ugandans living in the diaspora to visit its stall during the event. Visitors will be able to open accounts easily, learn about investment opportunities, and get financial support tailored to their needs back home in Uganda. The convention is an annual event that brings together Ugandans from across North America. It celebrates Buganda culture and provides a chance to network and…
By Our Reporter On Saturday evening, Mediterraneo Restaurant in Kololo, transformed into a haven for whisky lovers, as it hosted World Whisky Day celebration, in partnership with Uganda Breweries Limited (UBL), through their single-malt whisky brand- The Singleton. Known for its rustic charm and exquisite Italian cuisine, Mediterraneo provided the perfect setting for an evening dedicated to discovery, indulgence, and shared appreciation of one of the world’s most cherished whisky. Guests were welcomed to a carefully crafted dining experience, where each course was paired with a double pour of Singleton 12-Year-Old, as well as Singleton-inspired cocktails, designed to elevate the…
By Our Reporter When David Mulaliira first weighed the risks of launching a soft drink distribution business, he knew he needed a partner whose reputation spoke for itself. As owner of Vinegarden Enterprises dealing in school supplies, construction materials, and consulting services, he had built small successes on hard work and persistence. To enter the beverage market, he needed a strong brand behind him, and through a partnership with Coca-Cola Beverages Uganda (CCBU), a company in the Coca-Cola Beverages Africa group, he “hit the ground running”. Mulaliira’s journey began six months ago, when he signed on as an Official Coca‑Cola…