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Weekly round-up

By Vision Reporter

Added 27th September 2009 03:00 AM

UGANDA’S insurance industry accumulated a gross premium worth sh167b written by licensed insurance companies by 2008, according to the annual report issued by the Uganda Insurers Association (UIA) last week.

Insurance gets sh167b
UGANDA’S insurance industry accumulated a gross premium worth sh167b written by licensed insurance companies by 2008, according to the annual report issued by the Uganda Insurers Association (UIA) last week.

Of the total premiums, non-life insurance accounted for 91% and life premiums stood at 9%, a state that requires public sensitisation about the relevance of insurance policies that are not mandatory.

The non-life policies, incorporate the Motor Third Party, a statutory insurance policy which accounted for 90% of the industry’s total revenue.
The sector, however, recorded a reduction in the assets amounting to sh1.9b in 2008.

150 guards get jobs
OVER 150 guard jobs were secured for Ugandans in the United Arab Emirates (UAE) by a local recruiting agency.
According to the managing director of Two Niles Agency, a recruiting-for-export firm, Abdulrazak Hussein, the jobs are in Abu Dhabi, the capital of the UAE and were on a three-year contract. Hussein said the firm had signed a contract with Securiguard Middle East in Abu Dhabi to initially supply them with 56 guards. “We have selected 56 candidates and are now processing their visas.”

Beer firm to boost farmers
NILE Breweries has encouraged epuripur (sorghum) farmers form groups so that they can be helped to get loans from banks. “We are willing to become a guarantor to organised groups of farmers who want to access loans to purchase tractors and bird guns to improve the quality and quantity.

Weekly round-up

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