UgandaToday: Uganda Launches Pilot of Okusevinga Money Market Unit Trust Scheme to Expand Financial Inclusion
Kampala, Uganda — The Government of Uganda, through the Ministry of Finance, Planning and Economic Development (MoFPED) and the Bank of Uganda (BoU), has officially launched the pilot phase of the Okusevinga Money Market Unit Trust Scheme, a landmark initiative aimed at widening access to safe, affordable, and regulated investment opportunities for Ugandans.
The pilot phase commenced on 17th December 2025, marking a significant milestone in Uganda’s journey towards deepening financial inclusion and strengthening domestic capital markets. Okusevinga is Africa’s first government-owned unit trust scheme, designed to enable ordinary Ugandans to save and invest small amounts of money through a simple mobile-based platform.
According to the FinScope Uganda 2023 Survey, 81 percent of adults now have access to financial services, largely driven by the widespread adoption of mobile money. However, despite this progress, a large proportion of Ugandans continue to save informally, limiting their ability to earn returns, build long-term financial resilience, and contribute meaningfully to national economic growth.
The Okusevinga scheme seeks to bridge this gap by linking small savers directly to professionally managed, low-risk investment instruments, including regulated money market and bond funds. By doing so, the initiative is expected to improve household financial health while mobilising long-term domestic savings to support sustainable economic development.
During the pilot phase, participation will be limited to a select group of users who will test the platform’s full functionality, including registration, investment transactions, and balance inquiries. This controlled rollout is intended to validate system performance, strengthen consumer protection safeguards, and refine the overall user experience ahead of a broader public launch planned for early 2026.
Officials described the pilot as a prudent and phased approach to innovation, ensuring that the platform operates efficiently, securely, and in full compliance with regulatory standards before it is made available to the wider public.
The initiative has received multi-agency support from key stakeholders, including the Capital Markets Authority (CMA), Uganda Communications Commission (UCC), National Information Technology Authority–Uganda (NITA-U), Financial Sector Deepening Uganda (FSDU), Uganda Investment Authority (UIA), and Airtel Uganda.
As the pilot progresses, MoFPED and the Bank of Uganda say they will continue engaging stakeholders, scaling up financial literacy efforts, and preparing for the next phase of implementation. Further public communication will be issued in due course regarding the full launch and participation modalities.
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