KAMPALA — Old Mutual Investment Group (OMIG) Uganda has unveiled an ambitious plan to double its assets under management within the next three years, citing the rapid rise of its dollar-denominated unit trust and upcoming product innovations.
Board Chair Richard Byarugaba shared the outlook during OMIG’s Agents Half-Year Awards held at Hotel Africana, noting that the firm currently commands 67% of Uganda’s collective investment market with UGX 2.8 trillion under management as of March 2025.
He said the strategy hinges on equipping agents — described as the “heartbeat of the company” — with digital tools and training, alongside the introduction of alternative investment options such as real estate and real estate investment trusts (REITs).
Byarugaba added that OMIG is positioning itself as a key player in Uganda’s economic growth, building on the country’s 6.06% GDP expansion in the last financial year.
Managing Director Zac Kisesi credited the growth of the unit trust segment to customer-focused advisors and financial literacy initiatives. He revealed that OMIG’s dollar-denominated fund has skyrocketed from $24 million a year ago to over $7 billion, underscoring investors’ confidence in the platform.
Kisesi also highlighted the broader expansion of collective investments since the COVID-19 pandemic, stressing that professional fund management is filling a gap once dominated by bank deposits. “The growth of unit trusts is unstoppable,” he said, adding that OMIG remains committed to educating Ugandans about secure and regulated investment opportunities. Mutual Targets Doubling Assets as Unit Trusts Surge in Uganda
KAMPALA — Old Mutual Investment Group (OMIG) Uganda has unveiled an ambitious plan to double its assets under management within the next three years, citing the rapid rise of its dollar-denominated unit trust and upcoming product innovations.
Board Chair Richard Byarugaba shared the outlook during OMIG’s Agents Half-Year Awards held at Hotel Africana, noting that the firm currently commands 67% of Uganda’s collective investment market with UGX 2.8 trillion under management as of March 2025.
He said the strategy hinges on equipping agents — described as the “heartbeat of the company” — with digital tools and training, alongside the introduction of alternative investment options such as real estate and real estate investment trusts (REITs).
Byarugaba added that OMIG is positioning itself as a key player in Uganda’s economic growth, building on the country’s 6.06% GDP expansion in the last financial year.
Managing Director Zac Kisesi credited the growth of the unit trust segment to customer-focused advisors and financial literacy initiatives. He revealed that OMIG’s dollar-denominated fund has skyrocketed from $24 million a year ago to over $7 billion, underscoring investors’ confidence in the platform.
Kisesi also highlighted the broader expansion of collective investments since the COVID-19 pandemic, stressing that professional fund management is filling a gap once dominated by bank deposits. “The growth of unit trusts is unstoppable,” he said, adding that OMIG remains committed to educating Ugandans about secure and regulated investment opportunities.