Uganda's Ministry of Finance, Planning and Economic Development and the Bank of Uganda commenced a pilot phase of the Okusevinga Money Market Unit Trust Scheme, a government-owned unit trust intended to expand access to regulated, low-risk investment options for retail savers through a mobile-based platform. Positioned as Africa’s first government-owned unit trust scheme, Okusevinga is framed as a shift from widening access to financial services towards enabling participation in savings and investment. The initiative targets the continued prevalence of informal saving despite reported access to financial services for 81% of adults, and is designed to allow individuals to invest small amounts directly into regulated money market and bond funds. The pilot involves a limited group of participants testing end-to-end platform functionality, including registration, investment transactions, and balance inquiries, with the stated aim of validating system performance, strengthening consumer safeguards, and refining the user experience before a broader public launch in early 2026. Authorities indicated further communication will follow on the full launch and participation modalities.

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