Collective Investment Scheme Assets Increase to Shs3.5Trillion

Kampala. Monday, November 11th, 2024. The latest quarterly bulletin by the Capital Markets Authority (CMA) indicates that Uganda’s capital markets activity demonstrated improved performance during the period ending September 2024.

The report shows that in September 2024, CIS Managers had Ugx 3.51 trillion (US$ 945.4 Million) in assets under management, representing a 10.5% increase from Ugx 3.18 trillion (US$ 855.7 Million) in June 2024.

UWA Translocates Rhinos to Ajai Wildlife Reserve in Historic Conservation Milestone

Uganda, Tanzania High Level Delegation Inspects Tanga Marine Storage & Terminal Facility Progress

Uganda Approves Twice Yearly HIV Prevention Drug Lenacapavir

The AUM grew by 54.1% year-on-year when compared to September 2023, rising from Ugx 2.3 trillion (US$ 613.4 Million).

Furthermore, the number of funded CIS accounts reached 103,950 in September 2024, a 12.8% increase from 92,165 in June 2024.

This growth in AUM and accounts can be attributed to greater investor awareness of the benefits of investing through CIS, the midterm access to National Social Security Fund savings (some of which have been invested in CIS), and strong regulatory protection that has boosted investor confidence.

Across the region, Kenya leads East Africa with a CIS AUM of $1,966 million, followed by Uganda.

Indicator	Uganda	Kenya	Tanzania
GDP at Constant Prices (US $ billion)	46.5	99.9	70.6
CIS Assets under Management (US $ million)	945.4	1,966.41	875.9
CIS Assets under Management to GDP (%)	2	2	1.2
Number of CIS Accounts	103,950	1,200,0002	197,2973
Average Balance per Account (US $)	9,095	1,639	4,439

Source: CMA Research & Market Development Department; World Bank; Capital Markets Authority Kenya. (2024). Quarterly Statistical Bulletin; https://www.uttamis.co.tz/

Josephine Okui Ossiya, the Chief Executive Officer of the Capital Markets Authority, commented on the growth observed in the CIS sector.

“Ugandans are recognizing the benefits of investing through pooled savings vehicles. The regulatory framework has instilled confidence among investors, who are assured of the protection afforded by investing in regulated financial products, such as CIS. I would like to encourage more Ugandans to invest in CIS’’, she said.