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NSSF records UGX 2.53 trillion in revenue, savers to get competitive interest rate

NSSF Managing Director, Patrick Ayota projects a robust performance at the close of this Financial Year.

The Nation Social Security Fund (NSSF) has announced its earnings increased by 16% from UGX 2.2 trillion to UGX 2.53 trillion for the Financial Year ended June 30th 2024. The Fund is therefore set to pay a competitive interest rate to its savers which will be declared by Finance Minister, Matia Kasaija at the 12th Annual Members Meeting on August 26th. Addressing the media at the NSSF Annual Media Roundtable, NSSF Managing Director Patrick Ayota attributed the growth to an increase in interest income earnings, dividend income as well as real estate income. “Income from all three asset classes we…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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