SBG Securities Uganda Limited, the investment and brokerage subsidiary of Stanbic Uganda Holdings Limited, has won the 2024 Best Performing Collective Investment Scheme Manager award.
Upon receiving the award, Grace Semakula, the chief executive of SBG Securities, said, “We are excited to see our efforts gaining recognition. 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”.
The Capital Markets Authority of Uganda organised the awards ceremony to recognise outstanding performers. The event took place under the theme “Innovate, Trust, Grow: Driving Financial Inclusion through Unit Trusts”.
In his keynote address, Moses Ogwapus, the commissioner for financial services at the ministry of finance warned the public against the growing risks posed by unregulated schemes targeting young Ugandans.
He emphasised the need to move away from sports betting and Ponzi schemes and suggested that people should instead invest money in safer, regulated investment vehicles, such as collective investment schemes.
“We have seen a dangerous rise in Ponzi schemes and betting habits that rob our youth of their savings. These are not investments but speculative gambles. Collective investment schemes offer a trusted alternative for capital growth, helping individuals and the nation build a more stable financial future,” Mr Ogwapus said.
The event, which took place at the Sheraton Hotel in Kampala earlier this week, brought together stakeholders from across Uganda’s capital markets industry, including unit trust managers, trustees, investor educators, and regulatory bodies.
In addition to its other offerings, SBG Securities launched the Stanbic Unit Trust Fund in June last year. The fund aims to empower Ugandans to pool their resources, leverage professional fund management and significantly generate favourable returns.
When launching the fund, Francis Karuhanga, the SUHL Chief Executive said, “At Stanbic Uganda, we want to enable our customers tap into this impressive growth and not be left behind ensuring that they have access to financial investment services. That is why we have designed the Stanbic Unit Trust.”
For an annual management fee of just 2 per cent, SBG Securities offers investors professional portfolio oversight and management. The company is a member of the Standard Bank Group, Africa’s largest commercial bank by assets, which gives it further credibility.
The Stanbic Unit Trust is a reliable investment option, making it an attractive choice for Ugandans seeking financial growth.
Josephine Ossiya, the CMA Uganda chief executive, said that the CIS sector continues to show strong growth, with a market size of Shs4.2tn as of March 2025, up from Shs2.8tn the previous year.
“Fund accounts increased 12.8 per cent from 114,400 (December 2024) to 129,000 (March 2025). Licensed fund managers have since gone up from 9 to 12 while Unit Trust Schemes expanded from 17 to 22. We want every Ugandan, regardless of income, education, or location, to access the capital markets. With just Shs100,000, you can begin your investment journey,” she said.
