IRA Board meet Finance Minister, pledge growth.

The Board of the Insurance Regulatory Authority of Uganda (IRA) has reaffirmed its commitment to work together with the Ministry of Finance to deepen insurance penetration, strengthen regulatory enforcement and enhance the resilience of Uganda’s financial sector in support of the country’s 10-fold economic growth strategy.

The commitment was made during a courtesy visit by the IRA delegation led by the Board chairperson, CPA FCCA Keto Nyapendi Kayemba, to the Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi at the Ministry headquarters in Kampala on July 14, 2026. CPA FCCA Kayemba was accompanied by the Deputy Board Chairperson, Ms. Grace Mutebile, and the Authority’s top management led by the Acting Chief Executive Officer, Dr. Protazio Sande.

The Minister was joined by the State Minister for Investment, Hon. Amina Mukalazi, the State Minister for General Duties, Hon. Cissy Mulondo, and officials from the Ministry’s Financial Services Department led by Dr. Bob Munene.

CPA FCCA Kayemba updated the Minister on the Authority’s leadership transition, noting that the matter remains before the courts for judicial direction. She assured the Minister that the Authority remains stable, fully operational and focused on delivering its regulatory mandate without disruption.

“The Authority remains stable, operationally effective and focused on delivering its mandate while ensuring continuity in service delivery,” CPA FCCA Kayemba said.

Highlighting the sector’s performance, Dr. Sande noted that Uganda’s insurance sector surpassed Ugx. 2 trillion in Gross Written Premium (GWP) in 2025, making a significant milestone in the sector’s growth.