Prudential Uganda has awarded UGX 135 million to the top five graduates of Makerere University’s Actuarial Science program as part of its ongoing efforts to grow actuarial talent in Uganda.
The support is part of the Prudential Actuarial Support Scheme (PASS), launched in 2022 in partnership with Makerere University.
The initiative recognizes academic excellence while offering mentorship, internships, and funding for professional exams to help top graduates become certified actuaries.
Each graduate: Brendan Joseph Lule, Twinomujuni Gordon, Galabuzi Allan, Katana Daphine, and Inyangat Kenneth received USD 500and full sponsorship for professional actuarial certification exams.
“This investment secures the future of Uganda’s financial and insurance sector by nurturing the professionals who will drive it,” said Tetteh Ayitevie, CEO of Prudential Uganda. “Actuaries are essential for pricing, product design, and long-term financial sustainability.”
Adding that, “These young professionals represent the future of the insurance and financial services sector in Uganda. By investing in their growth today, we are securing resilience, and innovation of our industry.”
While demand for actuaries is rising, Uganda still faces a shortage of certified professionals.
Through PASS, Prudential is guiding high-potential students to achieve global qualifications such as Certified Actuarial Analyst, Associate, and Fellow.
The five recipients are already active in Uganda’s insurance sector. Speaking on behalf of the group, Gordon Twinomujuni said: “This is more than a reward, it’s a launchpad. The financial and professional support from Prudential has removed key barriers to my dream of becoming a certified actuary.”
Prof. Edward Bbaale, Principal of Makerere’s College of Business and Management Sciences, applauded the initiative: “PASS motivates excellence and prepares our students for industry leadership.”
Over the last two years, Prudential has supported 14 actuarial students, two of whom are now full-time employees.
With each cohort, PASS strengthens Uganda’s capacity to build a self-sustaining actuarial profession led by homegrown experts.
