Agency
The Minister of Finance, Planning, and Economic Development, Matia Kasaija, has announced the National Social Security Fund (NSSF) interest rate of 13.5 for savers for the financial year 2024/2025.
This follows significantly improved performance by the Fund, which posted a 17.5 percent growth, raising its assets under management to UGX 26 trillion, while earnings increased by 11 percent to UGX 3.5 trillion.
As a result, savers will share a total of UGX 2.7 trillion in interest, compared to UGX 2.0 trillion declared last year when the Fund announced an 11.5 percent rate.
Kasaija noted that NSSF had achieved the targets he had set for management, resulting in stronger performance and a higher return for contributors.
