"Chairman, a country without reserves is not sovereign. The potential of this Bill to destabilize Uganda’s balance of payments is our primary concern as a central bank. For example, last financial year the overall balance of payment surplus was USD 1.5 billion. That’s how we were able to increase our reserve coverage by USD 1.5 billion. Today as we speak our reserves are close to USD 6 billion. Why? Because these inflows have been coming in. The moment you tamper with these inflows here, we risk running down our reserves, and that is economic disaster for a country.” Governor Atingi-Ego on the Protection of Sovereignty Bill 2026 in an appearance before Parliament today.

“The mandate of BoU is to promote price stability and a sound financial system. What is the impact of this Bill on price stability if it is passed the way it is? Because of the depreciation of the currency that is likely to occur as an unintended consequence of this Bill, we are likely to have a depreciated currency and the pass-through of imported items into domestic prices is going to raise prices significantly. So, our inflation is going to increase via the depreciation of the exchange rate. That means that we will need to either tighten monetary policy further if we are going to contain inflation, or we allow inflation to go beyond the 5% target if we don’t want to raise interest rates. That’s what we will have to grapple with. This inflation of 3% we have been enjoying is likely to be compromised through currency depreciation.” - Governor Atingi-Ego on the Protection of Sovereignty Bill 2026

Happening now at Golden Tulip Kampala, our Unit Managers Training is in full swing. We’ve brought our agents together for a day of learning, reflection, and looking ahead at what’s next. Stick with us as we share highlights and a few exciting updates coming your way. #WeAreOldMutual

Adding to the discussion on recent developments, Daniel Opiyo, Head of Marketing & Distribution at Old Mutual Investment Group, spoke about the launch of the enhanced #OldMutualUnitTrustLifeCover. He explained that the product enhancement was informed by insights showing that many clients were using Unit Trust as bank where they deposit & withdrawal the money incase of emergencies Through #OldMutualUnitTrustLifeCover, clients can grow their income while unlocking Life Insurance benefits such as Life Care, Lifetime, and Safe Scholar Benefits, designed to support them and their loved ones during challenging moments. Daniel has called upon members of the press to help amplify the message to the public and create awareness about the opportunity. #EditorsMediaEngagement

While sharing updates on industry highlights and market share, our Head of Marketing & Distribution for Old Mutual Investment Group, Daniel Opio, has commended the agents for their hard work in 2025 and urged them to continue the exceptional work that sets Old Mutual apart in the industry. He also noted that a range of incentives is planned to ensure the agents remain motivated and fully supported. #2025AnnualAgentsAwards #2026IncentivesLaunch.

RT @OldMutualUganda: Today, we are at Hotel Africana for the Agency Half-Year Awards and Recognition Ceremony. This occasion provides us…

Daniel Opiyo, Head of Marketing & Distribution at Old Mutual Investment Group, welcomed agents to today’s engagement with a reflection on performance so far. He noted that despite the typically challenging election season where outflows tend to be more, the business has remained resilient achieving a commanding UGX 4 trillion in assets under management at half year. While commending the teams for their strength in sales, he emphasized the importance of building deeper client relationships through retention and long-term investment strategies. #TutambuleFfena

Daniel Opiyo, Head of Marketing & Distribution at Old Mutual Investment Group, shared exciting developments aimed at enhancing the customer experience. OMIG plans to roll out a new mobile app and USSD solutions across both iOS and Android, giving clients greater visibility and control over their transactions. These innovations reflect OMIG’s commitment to making investment management more accessible, transparent, and convenient for all customers. #TutambuleFfena

RT @OldMutualUganda: A new chapter begins at Old Mutual Investment Group. Today, we officially welcomed our new Board Chairman, Mr. @rpbya…

We are pleased to welcome Mr. Charles Ernest Hamya to our Board of Directors. With over 27 years of leadership in media, financial services, and corporate governance, Charles has steered some of Uganda’s most recognized brands. At MultiChoice Uganda, he rose from Chief Accountant in 1997 to Country Head in 2002, and today serves as Director & Chair of both MultiChoice Uganda and GOtv Uganda. His leadership cemented MultiChoice’s status as a household name and market leader in pay-TV. We look forward to his strategic insight on our Board. #TutambuleFfena

We are pleased to welcome @rpbyaru as Chairman of the Old Mutual Investment Group Board, succeeding Professor Samuel Sejjaka. Richard is a transformational leader with 30 years in banking, social security, and investment management. As NSSF Managing Director, he grew assets under management from USD 600M to USD 4.7B, championed digital transformation, and oversaw the NSSF Amendment Bill, extending pension coverage to over 10M Ugandan workers. We look forward to his vision as we continue building prosperity for our stakeholders. #TutambuleFfena

The iconic Webb Ellis Cup graces our soil, As Old Mutual Investment Group we stand proud as a partner in progress—where sport meets strategy. #WebbEllisCupUG #RACUG25

This isn’t just a cup. It’s a symbol of resilience, grit, and every muddy tackle made in pursuit of glory. Uganda hosting the #RugbyAfrique2025 qualifiers, with the Webb Ellis Cup on home soil, marks a coming-of-age moment for our rugby story—and Old Mutual is here to amplify it. #WebbEllisCupUG #RACUG2025

This chilly morning finds at Golden Tulip Hotel for our Investment Group Unit Managers training. The focus of the training is SUSTAINABILITY and how to serve clients for the long term. #TuyigeFfena 😉

“Advise clients in relation to what is going to benefit them in the long run as opposed to what is going to benefit you.” Daniel Opiyo, our Head of Marketing and Distribution shares with the team. #TuyigeFfena

The BIG FIVE SECRETS of money have been revealed and the smiles broke out. #TutambuleFfena

“You’ve advised clients on how to grow their wealth—but how are you managing yours? Budgeting is everything. Track your expenses diligently and be intentional about how and where you spend your money,” said Daniel Opiyo, our Head of Marketing and Distribution, as he addressed our Unit Managers. #TuyigeFfena

Making an appearance at the training was the Managing Director of the Investment Group, Zac Kisesi. He congratulated the team on being an exceptional distribution network, having grown the fund by UGX 1.2 trillion from last year. “Thank you very much. I’m extremely proud to be part of this force,” he concluded. #TutambuleFfena

The #ChairmansCup community thrives on strategy and discipline, just like smart investing. Our Unit Trust Fund: uapoldmutual.co.ug/investmen…, offers a secure, proven path to financial growth, helping individuals and groups build lasting prosperity. Play the long game with us. 🤗 #TutambuleFfena

Time to reward excellence in sports and celebrate great partneships at the Chairman’s Cup award ceremony. 🏆 #TutambuleFfena