SBG Securities Uganda Limited, the investment and brokerage arm of Stanbic Uganda Holdings Limited (SUHL), has been awarded the Best Performing Collective Investment Scheme (CIS) Manager for 2024 by the Capital Markets Authority (CMA) Uganda.
The award was presented during a ceremony held at the Sheraton Hotel in Kampala under the theme, “Innovate, Trust, Grow: Driving Financial Inclusion through Unit Trusts.” The event brought together key players in Uganda’s capital markets, including trustees, fund managers, and regulatory officials.
SBG Securities Chief Executive Grace Semakula expressed pride in the recognition, saying the company remains committed to delivering strong returns and financial value for its clients. “At SBG, we are driven by passion in ensuring that our clients get the best value for their investments. This is in line with our commitment as Stanbic Uganda to driving Uganda’s growth,” Semakula said.
The event featured a keynote address from Moses Ogwapus, Commissioner for Financial Services at the Ministry of Finance, who warned the public about the dangers of unregulated financial schemes. He urged Ugandans—especially the youth—to avoid Ponzi schemes and betting, advocating instead for regulated investment vehicles like CISs.
“We have seen a dangerous rise in Ponzi schemes and betting habits that rob our youth of their savings,” Ogwapus said. “Collective Investment Schemes offer a trusted alternative for capital growth, helping individuals and the nation build a more stable financial future.”
SBG Securities has recently expanded its offerings with the launch of the Stanbic Unit Trust (SUT) fund in June 2024, designed to help Ugandans pool resources under professional fund management. The fund charges a relatively low annual management fee of 2% and is backed by Standard Bank Group—Africa’s largest commercial bank by assets.
According to CMA CEO Josephine Ossiya, Uganda’s CIS sector is witnessing robust growth. As of March 2025, the sector had a market size of UGX 4.2 trillion, up from UGX 2.8 trillion the previous year. Fund accounts increased by 12.8%, rising from 114,400 in December 2024 to 129,000 by March 2025. The number of licensed fund managers grew from 9 to 12, and Unit Trust Schemes increased from 17 to 22.
“With just UGX 100,000, you can begin your investment journey,” Ossiya noted, emphasizing the sector’s focus on inclusive financial access for all Ugandans, regardless of income or location.
