Shs28.4bn CONSTRUCTION OF INSURANCE TOWER KICK-OFF IN UGANDA

Insurance Tower construction which will contain a tower office and commercial block kick-off in kampala.

The construction of the tower office and commercial block in Kampala, uganda has kick-off. The project which is aim to have a tower that will comply with the International Supervisors standards. The tower will also enable the authority conduct effective supervision. Insurance Regulatory Authority of Uganda (IRA-U) meanwhile are in charge of conducting the supervision.

CEO at IRA-U, Ibrahim Kaddunabbi Lubega said “We believe that on completion of this facility. He also said that the Authority shall be finance in a manner that does not undermine its independence. He also said that it will enable them conduct effective supervision.”

The facility will act as an insurance focal point for discussion, dissemination of insurance ideas,  information, address the needs and requirements of the public as well as reflect the corporate image of the Authority.

IRA-U Board Chairperson, Isaac Nkote said ”The project will build confidence and trust in the insuring public. He also said it will act as a convergence point for government, the public and the private sector in all insurance-related aspirations.”

The construction of the Authority’s home is a demonstration of government’s commitment to ensuring financial independence of its agencies.