Ugandan Capital Market Grows Appreciably Thanks to Midterm Funds

(2 Minutes Read)

 The industry has witnessed tremendous growth from Shs 127 billion in December 2018 to Shs 2.8 trillion as of 31^st March 2024.

The Capital Markets Authority (CMA) recently recognized its stakeholders for their efforts in achieving record growth of the collective investment schemes (CIS) for industry in Uganda.  The industry has witnessed tremendous growth from Shs 127 billion in December 2018 to Shs 2.8 trillion as of 31^st March 2024.

Capital Markets Authority’s public education campaign, which raised awareness about the industry, led to the growth in assets. The growth in midterm funds was more pronounced.

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The industry’s robust regulatory framework has given Ugandans confidence in collective investment schemes. The winners of the day included ICEA Lion Asset Management Limited, Old Mutual Investment Group, Xeno Investment Management Limited and Britam Asset Managers Company Limited, just to mention a few.