Uganda’s pension industry registered an increase in assets that has been credited to a growth in new clients, a decline in withdrawal and positive stockmarket performance in the region.
Currently, the industry is holding assets worth Ush16.9 trillion ($4.7 billion) as of end of March 2021, up from Ush16.3 trillion ($4.5 billion) in December 2020. Overall investment incomes also rose to Ush446 billion ($125 million) in March 2021 from Ush419 billion ($117.7 million) in December 2020 inspired by sharp stock market recovery across the region in the first three months of 2021, bargain share prices offered by investors and reasonable capital gains made by active portfolio managers, according to industry players.
