Overview:
KURA Asset Managers CEO Ronald Kasolo says Ugandans abroad want more from remittances than spending, as the firm launches shilling and dollar investment funds.
A new investment firm has entered Uganda’s fund management market, betting that more ordinary Ugandans will move their money out of savings and into managed investments.
KURA Asset Managers says it will target individual savers, families, businesses, SACCOs and investment clubs.
Its chief executive, Ronald Kasolo, says the firm wants to widen participation in a market that has until recently been dominated by a relatively small group of investors.
“Our opportunity is therefore bigger than introducing another asset-management company,” he says. “It is to deepen participation in Uganda’s investment markets and help more individuals, families and institutions convert today’s capital into sustainable wealth for tomorrow.”
The launch comes as Ugandans put more money into collective investment schemes, such as unit trusts, in which a fund manager pools money from many people and invests it on their behalf.
Figures from the Capital Markets Authority show assets held in such schemes passed Shs6 trillion by March 2026, with more than 220,000 funded investor accounts.
The firm says it is aiming its products at people at every stage, from a teacher setting aside part of a monthly salary to families planning to pass assets on.
“Our focus is to meet investors where they are, whether they are starting, growing, preserving or transferring wealth to the next generation,” says Kasolo.
KURA says its investment approach is based on preserving capital, managing risk and seeking steady long-term returns.
Returns from collective investment schemes are not guaranteed and depend on how the underlying assets perform.