Investment Markets

Stanbic maintains Uganda’s bancassurance market lead

At one percent, insurance penetration in Uganda remains low, but products like bancassurance, are steadily improving public perception about the advantages of being insured and Stanbic Bank continues to hold a leading position in the market. Bancassurance is a partnership that allows commercial banks to offer insurance products to their customers, making it more convenient […]

Investors Looking to Emerging, Frontier Markets
Markets

Investors Looking to Emerging, Frontier Markets

New research* from Dragon Capital reveals that one in three (34%) retail investors plan to invest in emerging markets in the next 12 months as they increasingly diversify their holdings. · One in three UK retail investors plan to invest in emerging markets in the next 12 months on hopes of faster economic growth Of […]

Kenya-Somalia Border Mandera to Opened After Ten Year
Africa Markets

Kenya-Somalia Border Mandera to Opened After Ten Year

Plans for the reopening of the Kenya-Somalia border in Mandera are nearing conclusion, with the renovation of the Customs Border Control Point set to begin soon. This follows a series of high-level consultations between the two countries with the intent to advance new spheres of shared interests, particularly cross-border trade and regional security. Interior Cabinet […]

Standard Chartered launches Offshore Mutual Funds
Africa Markets

Standard Chartered launches Offshore Mutual Funds

Kampala: Standard Chartered Bank Uganda has today launched an offshore Mutual Funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani and Keith Kalyegira, the CEO, Capital Markets Authority among other executives. With this proposition, the Bank’s clients will enjoy access […]

Kenya’s Economy to Slow Down at 5% in 2023
Africa Markets

Kenya’s Economy to Slow Down at 5%

Nairobi, Kenya, Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global events and a high risk of debt distress. However, there is an opportunity for the economy to register a remarkable upward trend if the government focuses […]