With less than a week to go, Denmark has become the latest country to join the long list of participants for the Tusker Lite Rwenzori Marathon slated for next Saturday in Kasese.
The 2025 Tusker Lite Rwenzori Marathon has attracted participants from 35 countries, with Kenya by far the most well-represented. The list is still going up.
Some of the nations to be represented include: South Africa, Austria, Belgium, Cameroon, Canada, China, Congo (DRC), France, Germany, Hungary, India, Ireland, Japan, Lithuania, Namibia, Netherlands, Nigeria, Norway, Pakistan, Rwanda, Senegal, South Sudan, Sudan, Tanzania, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Zambia, and Zimbabwe.
The Tusker Lite Rwenzori Marathon is an initiative of Mr. Amos Masaba Wekesa, a businessman, entrepreneur and corporate executive in Uganda, who is the founder, proprietor and managing director of Great Lakes Safaris. He is a tourism promoter who has been described as the best thing to happen to Ugandan tourism sector.
The 2025 Tusker Lite Rwenzori Marathon is slated to take place on 23rd August 2025 in Kasese.
Many corporate companies and government entities have dashed to support the now buzzing annual Marathon. The companies so far include Uganda Communications Commission (UCC), NITA Uganda, Coca-Cola Beverages Uganda, Britam Uganda, The Motorcenter EA, Rwenzori Water, Ministry of Foreign Affairs Uganda and many others.
Kampala: Britam Asset Managers, a leading financial services provider in Uganda, has unveiled the Britam Easy Earner Dollar, a new investment product aimed at providing stable returns and capital security for investors seeking US Dollar-denominated assets.
Britam Easy Earner Dollar provides for low-risk investment by focusing on interest-bearing assets. It aims to offer competitive returns while keeping risks low, making it a great choice for those seeking capital stability and quick access to their money. It’s ideal for individuals and businesses earning or dealing in USD, or looking to diversify into USD assets.
Speaking about the launch, Mr. Ronald Kasolo, General Manager of Britam Asset Managers, said:
“We are excited to introduce Britam Easy Earner Dollar, which aligns with Britam’s mission to provide secure and innovative investment solutions. This fund offers both stability and growth, helping investors achieve their financial goals with confidence. It reflects our commitment to tailored solutions that meet evolving client needs while minimizing risk, ensuring their money works for them, even in uncertain times.”
At the launch of the Britam Easy Earner Dollar Fund at their offices in Kololo, the key figures from left to right were Vernon Kihuguru, Investment Manager at Britam Asset Managers; Denis Kizito FCCA, CPA, Director of Market Supervision at the Capital Markets Authority (CMA); Ronald Kasolo CFA, General Manager at Britam Asset Managers; and Flavia Tumusiime Kabuura, who served as the event moderator
The product caters to a diverse group of investors, including those who require stable returns, capital preservation, and high liquidity. It is especially beneficial for those transitioning from higher-risk portfolios during times of market volatility. Whether you’re an individual with USD income or obligations, or a business looking for safe short-term investments, this fund is designed to meet your needs.
The fund is particularly appealing to Ugandans in the diaspora who wish to invest back home in a safe and reliable USD-denominated asset. With flexible tenures and the stability of USD investments, the fund offers a great opportunity for diaspora investors to diversify their portfolios, preserve capital, and earn stable returns, regardless of their location. This product allows diaspora investors to maintain a financial connection to Uganda while securing their future with a low-risk, high-yield investment.
Britam Easy Earner Dollar offers tenures of 3, 6, and 12 months, with the flexibility to suit varying liquidity needs. It is tax-exempt with a minimum initial investment of USD 5,000, and top-ups starting from USD 2,000.
Britam Holdings Plc has launched an asset management company in Uganda as it seeks to extend its asset management offering in the region.
Gladys Karuri (R) Britam Asset Mangers company Board chairperson, State Minister for Investment Hon. Gabriel Ajedra, Kenneth Kanju (C) -CEO Britam Asset Managers Company
The new company, Britam Asset Managers (Uganda) is modelled along a similar successful company in Kenya. It will offer investment management and advisory services to pension funds, insurance companies, corporates, government owned entities and retail investors in Uganda.
The company has received the requisite regulatory approvals from the Capital Markets Authority (Uganda) and the Uganda Retirement Benefits Authority and will leverage on the success and expertise of Britam Asset Managers (Kenya) to grow its market share in Uganda.
Britam Asset Managers (Kenya), the first asset management subsidiary of Britam Holdings was established in 2004 by the Britam Group to provide investment advisory and fund management services, and is now an influential player in the financial services sector. The company is a subsidiary of the Britam group which is listed on the Nairobi Securities Exchange, and has Assets Under Management of USD 1.23 billion as at July 2017.
Mr Ronald Kasolo has been appointed General Manager of the Uganda Company. Ronald has over 12 years’ experience in capital markets specializing in asset management and capital markets regulation. Prior to joining the company, Ronald worked at GenAfrica Asset Managers, Uganda as the Country Manager.
“The launch of the asset management company demonstrates our confidence in the resilient Uganda economy, and in particular its financial services sector,” said Mr Kenneth Kaniu, CEO, Britam Asset Managers (Kenya).
Dr. Benson Wairegi, the Britam Group Managing Director, said that Uganda was the first country in the region outside Kenya where the group had launched an asset management company, adding that this marked an important step in the company’s strategic plan to widen its scope of investment products in the Ugandan market. Uganda, he noted, had a fully liberalized economy, good market access, a strong natural resource base and a commitment to the private sector by the government.
“Despite global economic challenges, the Ugandan economy has demonstrated resilience and upside traction to economic growth lifted by investment in infrastructure, increased agriculture production, and a growing real estate sector” Dr Wairegi said.
Hon. Gabriel Ajedra, Uganda’s State Minister of Finance for General Duties, was the Chief Guest at launch of the new company at the Kampala Serena Hotel.
“As a Government, we appreciate the role played by the private sector in complementing the Government’s efforts in the areas of job creation, transfer of knowledge and the overall economic growth,” he said.
“We are particularly grateful to private investors from Kenya and other regions who have taken advantage of improved investment conditions in Uganda and have set up businesses in the country. The government has set up a conducive environment to enable investors to set up and conduct their business with much ease,” he noted.
