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CIC Africa (U) LTD

As a subsidiary of CIC Insurance Group (PLC), we have enabled Ugandans attain financial security over the last ten years through provision of our range of customized financial and insurance solutions. The experience spanning more than 5 decades operating in the East African region that include Kenya, Uganda Malawi and South Sudan has ensured provision of exemplary services to our customers in Uganda.
The company has also registered commendable growth and expansion over the last decade and established successful subsidiaries in the insurance industry comprising of CIC General Insurance (U) Ltd and CIC Africa Life Assurance Ltd. Our two business have reliably cushioned individuals, cooperatives, public and private sectors through the provision of insurance services to help mitigate risks against themselves, their businesses as well as help with planning for life events at varied stages.
The company ownership is structured along the principle of mutuality, which is aptly demonstrated through a significant ownership of the business being set aside specifically for cooperatives. Through this arrangement, we ensure that our service provision is well cut out to ensure the benefits trickle down to the lowest levels of our society, and that profit maximization is realized not only through policyholder benefits but also through shareholder returns.
Our wide range of insurance packages protect our clients’ businesses giving them peace of mind to grow their wealth and achieve their financial goals. In all we do, we keep our word.

Asiimwe Ivan
CIC Africa Board Chairman

CPA Ivan Asiimwe

Nelson Kuria
CIC Group Chairman / Director

Dr. Nelson Kuria

James Njue Njiru
CIC Group Vice Chairman / Director

Mr. James Njue

PATRICK NYAGA
CIC Group CEO / Director

Mr. Patrick Nyaga

CPA Derick Nkajja
Director

Francis Ogwang

Robert Bariyo Barigye
Director

Robert Bariyo Barigye

Derick Nkajja
Director

CPA Derick Nkajja

CIC Africa Board Chairman

CPA Ivan Asiimwe

CPA Ivan Asiimwe is the Chairman CIC Africa (U) Ltd. He has 14 years’ experience working with Cooperatives, Currently: General Secretary – Uganda Cooperative Alliance Ltd (UCA), Tutor and President of Association of Financial Cooperative Professionals of Uganda with duties like Guiding and managing the Association of Cooperative Management Professionals in Uganda

CIC Group Chairman / Director

Dr. Nelson Kuria

Dr. Nelson Kuria aged 67, Joined the Board in the year 2020 as an Independent Non- Executive Director. He holds a BA in Economics, MA in Leadership studies and an Executive Leadership training from Stanford Business School. The Director has 36 years of experience in development finance and insurance. He entered the insurance industry in 1982 through Kenya National Assurance Company as an assistant Manager in charge of Research and rose to the position of Chief Manager General Insurance Division and later also served as the General Manager in Gateway insurance Company. He was the CIC Insurance Group CEO from 2011 to 2015. Dr. Kuria is currently the Chairman of Smep Microfinance, Enwealth Financial Service and African International University Council. He is also a Board Member of Kenyatta National Hospital, Habitat for Humanity and Kenya Society of Professional Co-operators

CIC Group Vice Chairman / Director

Mr. James Njue

Mr. James Njue Njiru aged 53, is the director representing Eastern Region-based societies. He is the Chairman of the Nawiri Sacco Society. He is also a Director of Co-op Holdings Co-operative Society and the Cooperative Bank of Kenya Ltd. Mr. Njiru is a Board of Management member for various schools in the Eastern Region. He holds a diploma in Business Management from the Kenya Institute of Management.

CIC Group CEO / Director

Mr. Patrick Nyaga

Mr. Patrick Nyaga is the Group Chief Executive Officer. He holds a master of Business Administration from Strathmore Business School and a Bachelor of Commerce Degree in Accounting. He is a Certified Public Accountant (K) and a member of ICPAK. Mr. Nyaga has over 29 years of working experience mainly in banking and auditing. He has worked in various senior positions in banking. Prior to joining CIC Group Ltd, he was the Group Finance and Strategy Director- at Cooperative Bank of Kenya Limited.

He previously worked at Barclays Bank now (ABSA) as the Regional Head of Assurance and at KPMG (EA), with the main focus being the audit of financial institutions in Kenya and the region. He is a member of the Institute of Directors of Kenya and has undertaken training in several Corporate Governance courses including in Insurance Business.

Director

Francis Ogwang

Francis Ogwang is the chairman, Board of Directors – CIC Africa Life Assurance Uganda Limited.
He is currently the Country Manager Uganda East African Development Bank since 2018 to date. Previously, Francis worked as the country Head of Corporate Banking Ecobank Uganda, he has played various roles in Credit, Operations and Business Development; last role held was Chief Manager Business Growth Centenary Rural Development Bank Limited 2000-2012
Francis is pursuing a Master of Philosophy in Development Finance at Stellenbosch Business School-University of Stellenbosch, South Africa. He has a Master of Business Administration Finance and Accounting, and a BA Economics from Makerere University Business School, Post graduate diploma in Banking and Risk Management – SIDA/KPMG Program
He is also a Board Member; Uganda Development Corporation, Board Member, Micropay Uganda Limited, Board Member of the Uganda Catholic Management and Training Institute, as well as Past President of the Rotary Club of Kiwatule

Director

Robert Bariyo Barigye

Robert Bariyo Barigye is a board member CIC Africa Uganda Ltd, and also the Registrar of Cooperatives – Uganda. He holds a Master of Business Administration (MBA) degree majoring in Financial Management from the University of Pune, possesses several qualifications in procurement, human resource development and investment management.
Robert has vast experience in both the private sector and public service. He has previously worked with various local and international NGOs including Enterprise Uganda as a Senior Enterprise Development Officer, USAID as a Rural Finance Specialist and Uganda Cooperative Alliance (UCA) as a Project Coordinator for a Canadian Cooperative Association-funded Project. He has been working with the Ministry of Trade, Industry and Cooperatives (MTIC) since 2011 when he joined as a Principal Cooperative Officer.
In his current role as the Commissioner for Cooperative Development/Registrar of Cooperative Societies, he is responsible for creating an enabling environment and policy framework for the development of the cooperative movement and enforcing compliance of regulatory requirements.
Robert brings a wealth of experience from the Boards of other key institutions; National Agricultural Advisory Services (NAADS) from 2014 to 2020. Currently on the Board of Directors of Uganda Microfinance Regulatory Authority (UMRA), Uganda Warehouse Receipts System Authority (UWRSA) and the Microfinance Support Centre Limited (MSC).

Director

CPA Derick Nkajja

CPA Derick Nkajja aged 50 a Director seconded by the Uganda Cooperative Saving and Credit Union (UCSCU). He is a Certified Public Accountant, a member of ICPAU. He is also the sitting Chief Executive Officer and Secretary to the Council of the Institute of Certified Public Accountants of Uganda (ICPAU).

 

CPA Nkajja serves on the Finance Committee of the Institute of Corporate Governance of Uganda (ICGU). He is the Board Treasurer of Uganda Cooperative Savings & Credit Union Ltd. He also serves on the Trade Committee of the Private Sector Foundation of Uganda.

 

Previously, CPA Nkajja served as the Chairperson of Franciscan Investment Cooperative (FIC SACCO), one of the vibrant SACCOs in Uganda. He represented the African Continent on the International Federation of Accountants (IFAC) Compliance Advisory Panel (CAP) for a period of six (6) years. He served on the founding Board of the Pan Africa Federation of Accountants (PAFA), representing the Eastern Africa region.

 

Before Joining ICPAU, he was a Finance Manager at Capital Radio Limited in Uganda, a media group with interests both in Uganda and Kenya.

 

He holds a Master of Business Administration of Edinburgh Business School, Heriot-Watt University UK, a Bachelor of Commerce (Accounting) of Makerere University and a Diploma in Business Studies.

CEO & Principal Officer CIC General Insurance Uganda Limited

Nicholas Lukatome

Human Resource Manager CIC General Insurance (U) Ltd Pheonah Tusiime
Human Resource Manager CIC General Insurance (U) Ltd

Pheonah Tusiime

Sharon Oloya
Acting Underwriting Manager - CIC General Insurance (U) Limited

Sharon Oloya

Claims Manager - CIC General Insurance Uganda Limited

Joselyn Arinaitwe

Head of Distribution – Retail, CIC Life Uganda Limited

Ritah Kobwikizo

CEO & Principal Officer CIC General Insurance Uganda Limited

Nicholas Lukatome

Nicholas Lutakome, 43 is Chief Executive Officer and Principal Officer for CIC General Insurance Uganda Limited. A seasoned Insurance professional with over 18 years of experience within the Ugandan market having hands-on experience in Life, General and Medical Insurance.

He is an Associate Member of the Insurance Training College, and a graduate of Bsc. Actuarial Science from Makerere University.

 

Human Resource Manager CIC General Insurance (U) Ltd

Pheonah Tusiime

Pheonah Tusiime aged 38, is the Human resource & Administration Manager of CIC Africa (U) Ltd. She holds a Bachelors (Hons) in Business Administration Majoring in Accounting from Makerere University Business School (MUBS), a Post Graduate Diploma in Human Resource Management from Uganda Management Institute (UMI)
She has over 14 years of experience in Human resource-based practices and key proficiencies in multinational organization where she developed a reputation for excellence, professionalism and achieving high- quality results in challenging situations. She is particularly passionate about employee development and much of my work is in area of Human Resource Development
She started her career from AIG in December 2007 as Assistant Underwriter and rose to the position of Personal Assistant to MD in 2008 and later became the Human Resource Manager in 2010 still in the same company. She is currently the Human Resource & Administration Manager at CIC where she leads both strategic and operational implementation of human capital aimed at enabling the organisation to deliver its goals.

Acting Underwriting Manager - CIC General Insurance (U) Limited

Sharon Oloya

Sharon Oloya joined CIC General Insurance in April 2022 as an Acting Underwriting Manager. She joined with over eight (08) years of work experience in underwriting, reinsurance, business retention, facilitating trainings to fellow staff, pipeline business management for both new and renewals, among other roles and responsibilities.

Sharon holds a Master’s of Arts in Gender Studies from Makerere University. Her research thesis was on “Assessing Factors that Determine Women’s Decision to Utilise Insurance Covers”. She also holds a Bachelor of Arts in Social Sciences from University of Cape Town – South Africa.

She has successfully pursued Insurance Professional courses from African Reinsurance Corporation in collaboration with London School of Insurance in Young Insurance Professional Programme and obtained respective certificates.

She has attained multiple related short course trainings and she is currently pursuing professional studies in insurance from Chartered Insurance Institute (CII). She worked with UAP Old Mutual Uganda Limited as a Senior Underwriter Prior to joining CIC General Insurance (U) Limited.

Claims Manager - CIC General Insurance Uganda Limited

Joselyn Arinaitwe

Joselyn Arinaitwe, 39, is the Claims Manager at CIC General Insurance Company Ltd. A seasoned insurance professional with extensive experience in claims management and operations within the Ugandan market. She is a professional insurer and a member of the Insurance Training College (ITC). Prior to joining CIC, she worked at ICEA General Insurance as the Assistant Claims Manager.

Head of Distribution – Retail, CIC Life Uganda Limited

Ritah Kobwikizo

Ritah Kobwikizo aged 38, is the Head of Distribution – Individual Life at CIC Life Uganda Limited. She has extensive experience in insurance sales and distribution, having previously served as Regional Sales Manager at Sanlam Life Insurance. She holds a Postgraduate Diploma in Monitoring and Evaluation, a Bachelor’s Degree in Development Studies, a Certificate of Proficiency in Insurance, and is currently pursuing a Diploma in Insurance. Ms. Kobwikizo is a results-driven leader who prioritizes team success and is an active member of the Uganda Insurance Agents Association.

TitleCategoryYearDownloads
GB Conflict of Interest PolicyGeneral Insurance2024Download
Asset Conflict of Interest PolicyAsset Management2024Download
Life Conflict of Interest PolicyLife Assurance2024Download
CIC AFRICA - 2022 INTEGRATED ANNUAL REPORTINTEGRATED ANNUAL REPORT2022Download
CIC General Insurance Integrated Financial ReportFinancial Report2022Download
CIC Africa Life Assurance Integrated Financial ReportFinancial Report2022Download
CIC Africa - 2021 Financial Statements 130322 - FinalFinancials2021Download
CIC Africa (U) Limited Financials Booklet 2020Financials2020Download
CIC Africa (U) Ltd Annual Report Booklet 2019Financials2019Download
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