Why NSSF declared 10% interest rate to members
Members of the public have welcomed the declaration, saying it is a sign of growth in the members’ savings
Source: monitor.co.ug
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NSSF savers to get 10% interest rate
Total realised income earned increased by 15 percent from Shs1.9 trillion in the Financial Year 2022/22 to Shs2.2 trillion in the Financial Year 2022/23
Source: monitor.co.ug
Uganda NSSF savers to get 10pc interest rate
According to Uganda's finance minister, the new rate will be credited to the balance outstanding on the members’ accounts as of July 1, 2022.
Richard Byarugaba Peter Kimbowa Development Betty Amongi National Social Security Fund Matia Kasaija Financial Year
Source: theeastafrican.co.ke
NSSF projects Fund size to grow to Shs20 trillion next year
During the period ended June 2023, NSSF’s assets increased by Shs1.32 trillion from Shs17.26 trillion in June 2022 to Shs18.58 trillion
Patrick Ayota Gerald Paul Kasaato Ssf Chief Investment Officer Patrick Ayota National Social Security Fund
Source: monitor.co.ug
Byarugaba wants court to quash Ayota's appointment as NSSF boss
Byarugaba wants court to quash Patrick Ayota's appointment on grounds of “ineligibility.”
Source: monitor.co.ug
Equity markets put pressure on Uganda pension fund
Uganda NSSF noted a drop in long-term bond yields in the 2023/23 fiscal year compared to the previous year.
Dar Es Salaam Nairobi Area Patrick Ayota Uganda Securities Exchange Kenya Commercial Bank African Breweries Ltd
Source: theeastafrican.co.ke
Over 17.5 million workers have no social security – NSSF
Also, over 83% of NSSF members have less than Shs10m in saving balances
Africa Economic 117 5 Million Social Security National Social Security Fund Aith Kimuli Patrick Ayota
Source: monitor.co.ug