East African Underwriters Ltd.
East African Underwriters Ltd (EAUL) has been servicing the insurance needs of many of Uganda’s leading industries, manufacturers, professionals and organizations for the past 12 years.
Ranked in the top quartile of the market in terms of premium income, it is highly regarded and trusted by the professional insurance brokers, from whom the bulk of EAUL’s business flows. Much of this trust and respect stems from the consistent and prudent underwriting as well as profitable results, along with the triple A security of its re-insurers, Munich Re, who are the largest re-insurer in the world. EAUL is one of only two Ugandan companies to have gained the support of Munich Re.
EAUL’s mission statement is: “Quite simply to provide innovative insurance products and solutions to brokers and our clients backed by a first class service and reliable claims settlement”.
EAUL has an extensive product list encompassing property, crime, personal lines (motor, home owners etc), liability, cargo and transit, employee benefits, bonds and guarantees, professional risks, and the latest additions to the range, medical and travel insurance marketed under the brand names “Ugamed” and “Travel Assist”. It also partners OracleMed Health of South Africa in providing International Health Care Solutions to expatriates and Ugandan citizens, and is a market resource in innovations to protect the poor through micro-insurance.
Liberty Life Assurance (Uganda) Ltd.
In 2007 East African Underwriters Limited concluded a joint venture agreement with the Liberty Life Group of South Africa to form a new Ugandan life assurance and pensions company named Liberty Life Assurance Uganda Limited (LLAU), in which EAUL has a 49% stake.
Liberty Life is a progressive South African financial services group, offering a comprehensive range of long-term insurance products and services to both the individual and corporate markets. Liberty Life is the third largest life office in South Africa. It is also among the Top 40 groups listed on the JSE Securities Exchange in Johannesburg, with market capitalisation of ZAR20 billion (July 2006). The Liberty Life group now handles more than 3 million individual life policies, over 1 million group scheme members, and has an asset base of ZAR140 billion (June 2006).
Liberty Life is owned by the Standard Bank Group, who operate outside South Africa as Stanbic Bank. Stanbic is Uganda’s largest bank with some 66 branches throughout the country.
EAUL has transferred its Life and Pensions business to LLAU, and that business along with the potential for Bank Assurance products through the LLAU/Stanbic relationship, form the basis of this new company.
In a very short time these synergies will result in LLAU being the largest, most secure and financially sound, best recognized, market leading life assurance brand in Uganda. Liberty Life’s vision is to make a real difference to all its stakeholders, so that all can win. This it achieves by adhering to its cornerstone values :
Software Applications Uganda Ltd.
Software Applications Uganda Ltd. (SAL(U)) was formed as a joint venture between the Madhvani Group and Software Applications (Kenya) Ltd and was incorporated in Uganda in 1996. Since its formation, it has been providing quality information systems solutions to businesses and organisations.
Software Applications (K) Ltd, a company incorporated in Kenya, with its offices in Nairobi, has a domain expertise in Financial, HR and Manufacturing Software, gained over a period of two decades of implementing and support consultancy. This expertise was brought in to the Ugandan joint-venture company.
SAL(U) is a channel partner for SunSystems Financial and Business Software from Systems Union (which was recently taken over by Infor Inc., and rechristened as Infor Global Solutions), the 3rd largest provider of enterprise software in the world, serving over 50,000 clients worldwide and 75 of the world’s FTSE 100 companies.
In addition to Sun Systems Financial & Business Software and Inspiro People, SAL(U) also provides Enterprise Resource Planning [ERP] software from Advance One SAP Germany.
SAL(U) is also a channel partner for InspiroPeople from Kenya for its Payroll/ HR Software and has successfully implemented the same at a number of sites in Uganda and Rwanda.
SAL(U) installs and maintains SunSystems and InspiroPeople software, which are deemed to be among the most powerful software in the industry, with functionality that can make a difference in a way information is handled in companies.
With over 50 successful implementations in financial software and over 20 in payroll & human resources software, SAL (U) provides the expertise and quality required for successful information solutions. Installations and support are provided for a variety of companies and projects in both the public and the private sector.
Plans are afoot to bring in new products in the segments of ICT Security, Education and Enterprise Resource Planning.
Excel Construction Ltd.
Excel Construction was formed as a joint venture between the Madhvani Group and Gomba Construction Ltd. in 1992. Since then the company has undertaken various construction and renovation projects : industrial, commercial, residential, civil and road works. These projects have been carried out all over the country for both private-sector and Government clients.
The company’s Head Office is based in Jinja and is fully equipped with a carpentry workshop, a fabrication workshop, a blockyard (manufacturing blocks, fencing poles, kerbstones, paving slabs etc.) and an automobile workshop. The Head office is also where the Planning, Tendering and Accounts Department are based. In addition, Excel also has an office in Kampala, where the Director of Operations, Project Manager and Procurement Officer are based.
The unit employs around 500 people. Excel business turnover in 2007 was US$ 10 million. The projects executed by Excel include:
Moreover, the Company has also started a new housing project concept that targets Ugandans in the diaspora. Moving away from the typical housing estate which has all identical houses, Excel offers a range of developed designs for a client to select from after which Excel can quickly and economically construct the chosen house on his land anywhere in Uganda.
The company delivers quality and value on time using comprehensive construction management systems throughout the life cycle of each project.
Excel Construction has also started operations in Juba, Southern Sudan and has been awarded a World Bank funded contract for the construction of two County Education Centers in Juba with a project value US $ 0.9 million.
Recently, Excel has signed a number of large contracts commencing in 2008 that will propel the company’s growth and turnover to new heights making it one of the leading players in the Ugandan Construction industry. These include the construction of 11 schools and educational facilities in the Karamoja Region of Uganda funded by Irish Aid (Uganda Shillings 17.9 billion) and construction of the Regional Headquarters of Lake Victoria Fisheries Organization in Jinja (Uganda Shillings 1.85 billion).
Visit the official Excel Construction Ltd. web site.
Madhvani Group Properties Division
The Madhvani Group Property Division currently manages in excess of 100,000 sq meters of property at various locations through out Uganda.
The division handles a large industrial park in the industrial heart of Kampala where warehousing and industrial space has been availed to a range of blue chip companies. A large residential and commercial complex is managed on behalf of the Madhvani Foundation in the CBD of the capital. A shopping Mall was developed at the city centre for some 70 retail units, which was later converted to offices for a major African Bank. Other Properties in Kampala are also being developed as residential and commercial projects.
Industrial Security Services Ltd.
Based in Jinja, this company was established in 1996 to provide reliable security services to the Group companies as well as third-party industries and commercial enterprises in the country. It presently deploys a guarding force of about 800 persons equipped with modern wireless communication systems and an armed mobile response force for emergencies. Though the major part of its operations is in Jinja and the surrounding areas, it has also extended its activities to Kampala since 2002.
East African Distributors Ltd.
East African Distributors is involved in consultation, distribution, retailing and professional after sales service forseveral leading world class brands for the Construction Industry in Uganda.
Amongst the brands the Company represents in Uganda are the Union and Yale brand of locks and ironmongery supplied by Assa Abloy, the world’s most preferred locks and ironmongery manufacturer.
The international brands of Trane, Hitachi and Panasonic Air conditioners currently supplied and serviced by this Company have made strong inroads into the government, corporate and retail segments through East African Distributor’s distribution network.
The Company has agreements with Kholer (Germany), Hindware (India), Ideal Standards (Egypt) and Armitage (United Kingdom) for the sale of their ranges of sanitary ware in the Ugandan market. EADL also represents a range of other leading branded items for the Construction Industry.
TPSC is a fully-equipped service facility for all turbo-prop aircraft including helicopters. The unit was established in 1999 to convert the group's own aircraft maintenance unit into a profit centre by offering 3rd-party services.
TPSC holds five certified AMO approvals and has a qualified team of 8 technical experts and staff. TPSC’s clients include Solenta Aviation (UN/WFP), Fugro Airborne Surveys (Ministry of Energy), Baranza Air Service (Uramin), Lake Albert Safaris, etc.