Old Mutual grows investors' wealth fivefold as assets hit sh3.3 trillion
Golooba said the milestone demonstrates commitment to creating long-term wealth for investors through prudent investment decisions and consistent returns.
Zac Kisesi, Managing Director of Old Mutual Investment Group (OMIG) Uganda. (Photo by Aloysious Kasoma)
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Old Mutual Investment Group (OMIG) Uganda has recorded a fivefold increase in assets under management over the past five years, with investors' funds growing from sh600b in 2021 to sh3.3 trillion by the end of 2025. The growth reflects rising confidence in collective investment schemes, driven by financial literacy initiatives and digital innovation.
Speaking during the company's 9th Unit Trust Annual General Meeting at Four Points by Sheraton on Tuesday, June 30, Chief Financial Officer John Golooba said the milestone demonstrates commitment to creating long-term wealth for investors through prudent investment decisions and consistent returns.
He revealed that the umbrella Unit Trust Fund ended 2025 with sh3.3 trillion in assets under management, representing a 34% increase from the previous year. The fund generated sh255b in investment income, up 28%, while profitability rose to sh173b, an increase of more than 32%.
OMIG's other investment products also delivered strong performance. The Money Market Fund registered more than 200 percent growth in new investments as businesses and individual investors increasingly sought flexible short-term investment opportunities.
Golooba attributed the company's sustained growth to investor confidence and operational efficiency. He noted that OMIG has maintained a lean cost structure, returning most investment earnings to clients while keeping expenses low.
OMIG Managing Director Zac Kisesi said the company's success has also been fuelled by continuous investment in financial literacy and technology, which has made investing more accessible to ordinary Ugandans.
Kisesi said growing awareness about the benefits of long-term investing has encouraged more people to embrace Unit Trust products.
"When you look at the Unit Trust growing every year, there is potential to double the assets because of the level of financial literacy and innovation in the market. There is more improvement in the digital space, which has attracted members from the diaspora," he said.
"Our customers remain at the centre of everything we do. As the investment landscape evolves, we have made deliberate investments in innovation, technology and product development to ensure that accessing investment solutions is simpler, faster and more rewarding," he said.
According to the Capital Markets Authority (CMA), assets under management across the sector reached sh5.19 trillion by September 2025, a 13.3% increase from June 2025 and 47.9% higher than a year earlier. The number of funded collective investment scheme accounts also rose from 157,762 to 180,452, reflecting increasing investor confidence, stronger regulation and growing public awareness of professionally managed investment products.