Daily Monitor
Thursday April 08 2021
Summary
Of the Shs16.5b collected in premium since July, more than 99 per cent (Shs16.4b) was through mobile money, while only Shs39m was drawn from banks, according to data from Insurance Regulatory Authority.
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Telecoms enabled payment of at least Shs16.4b for Motor Third Party between July 2020 and March, according to data from Insurance Regulatory Authority (IRA) Motor Third Party, which is a statutory insurance payment for motorists, has in the past presented challenges in terms of collection after the anti-fraud unit of IRA discovered forged stickers among motorists.
Data from IRA indicates that mobile money was the most preferred mode of payment for Motor Third Party insurance during the period under review.
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Uganda
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Incubator bubble: Why some start-ups don’t last
Tuesday March 09 2021
Girls in a tailoring session at an incubation centre. Some startups fail is because they ran out of cash.
PHOTOs/Godfrey Lugajju
Summary
Many start-ups don’t survive long after leaving the incubation centre because they have not built a good client base that will be willing to pay for their products. Others lack the capital beyond the incubation centre,
Justus Lyatuu and
Entrepreneurship is the new language around the streets. At least on average three out of six random persons have side hustles that they are grooming into a big dream one day. The drive to a culture of financial independence has alleviated due to a growing support system offered by different sector players.
Burkina-faso
Tanzania
Kenya
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