Old Mutual Investment Group Uganda says assets under management have passed UGX 4 trillion, backed by a wealth app push and a new alternatives fund plan.
Old Mutual Investment Group Uganda has crossed UGX 4 trillion in assets under management. The firm says it still holds over 60% market share in Uganda’s asset management industry. It is also expanding into private wealth and alternative investments.
Old Mutual Investment Group Uganda announced the milestone at its 9th Annual General Meeting in Kampala on June 30, 2026. The company said it ended the year with more than UGX 4 trillion in assets under management, which is the money it invests on behalf of clients.
Board chair Geoffrey T. Kihuguru linked the performance to Uganda’s 2025 macro backdrop, including estimated 6.3% GDP growth and 3.1% inflation, plus stronger exports such as gold and coffee. He said the firm maintained a market share of more than 60% even as competition increased.
Kihuguru also said the group launched a Private Wealth offering for high-net-worth individuals and families. This is a tailored wealth service, similar to having a dedicated financial adviser plus investment products focused on capital preservation and long-term growth.
The firm is also progressing an Alternatives Investment Fund. Alternative investments are assets outside public shares and government or corporate bonds, for example private markets, infrastructure, and real assets. Kihuguru said the goal is diversification, which means spreading risk across more types of investments.
Managing director Zaccheus Kisesi said the firm is pushing digital distribution through the OMIG Wealth Mobile App, plus integrations with Stanbic, Equity, and Centenary banks. These bank links are meant to make it easier to move money between bank accounts and unit trust investments, reducing transfer delays.
For Uganda’s savings and investment market, a UGX 4 trillion asset manager has leverage to shape capital markets, including demand for bonds and listed equities. The move into alternatives suggests more institutional appetite for infrastructure and private market deals, which can channel long-term capital into the real economy.
For fintech and digital wealth products, OMIG’s app and bank integrations show where customer expectations are heading, self-serve onboarding, real-time portfolio tracking, and faster funding. That raises the bar for other wealth and investment platforms operating in Uganda.
In 2026, the firm expects a positive but more complex environment, with fiscal pressures, global uncertainty, and the anticipated start of oil production likely to influence flows into local investments.
Primary Source: Business Focus
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