NSSF earns UGX 1.8 Trillion in income, assets hit UGX 15.5 Trillion

The National Social Security Fund (NSSF) comprehensive income for the 2020/21 Financial Year increased by 25% from UGX 1.472 Trillion to UGX 1.84 Trillion, despite the effects of the COVID-19 pandemic, Managing Director Richard Byarugaba has announced .  Addressing the media at the release of the Fund’s financial performance today, Byarugaba attributed the increase to growth in interest income largely attributed to the increased return on Treasury Bonds in the Fixed Income portfolio, dividend income, and property sales.  He said the performance demonstrates the Fund’s ability to withstand shocks occasioned by a stressed economy and an uncertain business environment in the era of COVID-19 pandemic.  “The socio-economic effects of the COVID-19 pandemic are still wreaking havoc on economies across the…