Business

Social media users readily share trivial content but criticize those who promote their businesses in group chats. People debate viral videos and forward memes without complaint, yet label entrepreneurial posts as inappropriate advertising. This contradiction reveals discomfort with others taking initiative and achieving success. Ugandans misinterpret humility as silence about accomplishments and business ventures. False…

Uganda’s Capital Markets Authority and the Securities Exchange started World Investor Week 2025 on Monday with ceremonies in Kampala. The campaign runs through Friday and encourages citizens to shift from traditional savings methods to technology-based investment platforms. Authority Chief Executive Josephine Okui Ossiya told attendees that regulators are testing financial products through a supervised sandbox…

ICEA LION Uganda participated in the East African Mental Health Summit 2025 at Mestil Hotel in Kampala on Friday. The gathering brought together government officials, business leaders, and advocates to address regional improvements in mental health services. George Kananura from ICEA LION Life Assurance spoke about financing corporate mental health. He observed that businesses prioritize…

Standard Chartered has agreed to sell its Wealth and Retail Banking operations in Uganda to Absa Bank Uganda. The deal follows the British lender’s November 2024 decision to exit markets where it lacks a competitive advantage. Corporate and Investment Banking services will remain under Standard Chartered control. All affected customers and staff members will move…

Americans who purchase health coverage through the federal marketplace will face steep premium increases next year as enhanced subsidies approach expiration. Benchmark silver plans will rise by 30 percent on average for 2026, affecting approximately 17 million people and marking the largest jump since 2018. The rate hikes stem from Congress failing to extend pandemic-era…

The $102 million theft of French royal jewels from the Louvre has sparked fresh questions about insuring irreplaceable cultural artifacts. The stolen items, which belonged to Queen Marie-Amélie and Queen Hortense, were not covered by private insurance. Experts say this practice reflects standard reality for national treasures rather than negligence. Assigning monetary value to historically…

Ransomware attacks and artificial intelligence fraud threaten organizations as cybercriminals deploy social engineering tactics to breach networks. Jack Tolliday, a threat intelligence specialist at QBE, said deepfakes contributed to nearly 10 percent of successful attacks in 2024, with losses ranging from $250,000 to $20 million per incident. Companies must train employees to identify AI deception…

Cyber insurance premiums declined as carriers added capacity, but artificial intelligence threats advanced faster than security defenses. Maria Long, chief underwriting officer at Resilience, said the controls implemented 18 months ago no longer protect against AI-driven attacks. Social engineering accounted for 57 percent of claims and 60 percent of losses in the first half of…

Wealthy Americans face reduced insurance options as carriers restrict coverage in high-risk areas and raise costs across all property types. Celia Santana, who leads Personal Risk Management Solutions, said 20 percent of affluent clients struggle to obtain policies, while 30 percent in vulnerable regions cannot secure protection. Traditional insurance models fail to address complex asset…

Property and casualty insurers face record catastrophe losses as natural disasters reshape the sector for the eighth consecutive year. Conning reported first-half losses reached $64 billion, with wildfires burning over 1 million acres across the United States and exceeding 10-year averages. The firm projects economic growth near 2 percent through 2027 as unemployment approaches 4.5…