Under the law, only companies licensed in Uganda can issue insurance policies for ships, aircraft or other vehicles registered in the country. PHOTO FILE | NATION
In a bid to boost the country’s struggling financial sector, Uganda Finance Minister Matia Kasaija has directed the insurance industry regulator to ensure that all companies importing goods into the country get their marine cargo cover locally, beginning July.
This is one of several government interventions meant to help the financial sector recover.
