The UMA Chairman – Mr. Deo Kayemba recognized the longstanding relationship that UMA enjoys with UIA. It is upon this background that UMA has moved to formally recognize UIA as a partner and give the relationship between the two associations structure going forward. This took place at the UMA Head Offices in Lugogo.
The UMA Chairman proposed the need to develop a common agenda & timetable of activities of the associations in form of a Memorandum of Understanding (MOU). He therefore handed over the proposed MOU to our Chairman – Mr. Latimer Mukasa that will inform the partnership between the associations. Mr. Deo Kayemba also handed over a certificate of appreciation for UIA’s continued support towards UMA projects like the Manufacturing Budget Dialogue that was held on 26th July, 2023 at the Kampala Serena Hotel.
Mrs. Joseline Kateera - UMA Board Member noted that they are excited to formally welcome UIA as partners and that they are ready to work together to make this partnership is a fruitful one.
Our Chairman, Latimer Mukasa expressed his delight on behalf of UIA and pledged that the MOU will be signed. He added that, over the years, UIA & UMA have enjoyed a long and productive partnership focusing on events and exhibitions to create awareness about the value of insurance to business.
Mr. Mukasa noted that through the MOU, UIA will reaffirm its partnership with UMA with defined modalities of corporation & activities which will include among others: research studies to produce and disseminate analytical reports, implement capacity building initiatives, organize workshops & policy dialogues on different topics pertinent to their members.
He added that the associations will also be exploring the potential member collaborations in business where feasible & appropriate, while maximizing their core strengths and cooperative advantages to complement each other’s strategic work in 5 major areas: Business Environment, Lobbying, Advocacy, Regional Member Engagements and De-Risking Cross-border Trade.
Our Chairman said that he is confident that the role that UIA Members are playing compliments UMA’s mandate & program for its members. He added that this relationship is particularly relevant in this time of the changing business landscape in light of the emerging laws, technological advancements, tax regimes and non-tax barriers to trade. He also emphasized UIA’s commitment to advancing its members’ interests.