In remarks at the Capital Markets Authority’s 30th anniversary launch, Finance Minister Henry Musasizi called for Uganda’s capital markets to mobilize more long-term funding for the country’s ambition of building a USD 500 billion economy by 2040. He said government expenditure and bank financing alone cannot fund the required investment in infrastructure, industrialization, agriculture, energy, housing, technology and business expansion. As of August 2026, domestic market capitalization stood at UGX 24.28 trillion, the corporate bond market had mobilized about UGX 290 billion and collective investment schemes held around UGX 7.08 trillion in assets under management. Musasizi emphasized converting savings into productive investment while strengthening disclosure, market surveillance, enforcement, corporate governance and investor education. The Capital Markets Authority aims to increase funded collective investment scheme accounts to 1 million and broaden the market through instruments including real estate investment trusts, infrastructure and green bonds, asset-backed securities, private capital and Islamic finance. It is also supporting Uganda’s first sovereign sukuk and seeking to improve thin equity-market liquidity through more securities and investors, market-making arrangements and modern market infrastructure.
2026-09-03Ministry of Finance (Uganda)
Uganda's Ministry of Finance calls for larger capital markets role in financing USD 500 billion economy by 2040
Uganda’s Ministry of Finance called for capital markets to play a larger role in mobilizing the long-term funding needed to build a USD 500 billion economy by 2040. The Capital Markets Authority plans to widen investment participation and products, support the country’s first sovereign sukuk and address thin equity-market liquidity.