Uganda to hold 8th banking and Insurance Expo

Financial sector players are set to gather in Kampala for the 8th banking, Finance and Insurance Expo in three weeks time.

The Expo scheduled to take place at Golf Course Hotel; Kampala will attract 50 participants with a broad range of exhibitors from the financial service industry, including banks, insurance companies, and micro-financial institutions among others.

David Sempala, chief executive officer at Royal way media, the event's organizers said this year's financial Expo will offer holistic experience by combining exhibition and strategic information service provision that will update clients on the state of financial industry.

"All financial service providers should take an affirmative responsibility to contribute to financial capacity building processes. All providers should look out for opportunities in their businesses or service delivery models to prioritize clients financial literacy," said Sempala.

David Sempala, chief executive officer at Royal way media, receives a shs 15 million dummy cheque for the banking Expo at Golf Course Hotel from a representative from Abi Trust. Photo by Oyet Okwera

This year's Financial Expo under the theme "new ventures for finance and insurance players to enhance performance" is sponsored by Abi Trust, UAP Insurance, Financial intelligence Authority and Strathmore Business School.

Pius Ngoga, Manager Uganda Leadership Academy at Strathmore business school said there is need for banks to be innovative and continue prioritizing needs of client's expectation.

Ngoga is optimistic that this year's Expo will help increase financial inclusions through encouraging the public learn financial matters.

Arigue Munyangabo, Investment Executive at GROFIN Uganda addreses journalists about the 8th coming Banking and Insurance Expo as (Ngoga 2nd left) and Sempala (extreme right) look on. Photo by Oyet Okwera

He encouraged financial institutions to increase financial services by opening up bank branches up country to reduce the unbanked gap.

Arigue Munyangabo, Investment Executive at GROFIN Uganda urged commercial banks to take advantage of this year's Expo to explain their products to clients. Munyangabo advised the banks to ensure that new infrastructure set up helps enhance their performance.

Dr. George Njenga, one of the speakers at the World Economic Forum will give the official key note address.