Uganda's NSSF Declares 22.53% Interest Rate for Members

The National Social Security Fund (NSSF) in Uganda announced it will pay a 22.53 percent interest rate to its member-savers for the year 2025/2026, a declaration made by Henry Musasizi, the Minister of Finance, Planning and Economic Development, at the 14th Annual Members' Meeting. This substantial interest rate, described as the highest in the fund's history, reflects an 86 percent surge in annual revenues to 6.51 trillion shillings and a rise in assets under management from 26 trillion to 32 trillion shillings. For comparison, the NSSF had declared a 13.5 percent interest rate for the 2024/2025 financial year, underscoring a significant improvement in performance attributed to economic growth, strong stock market performance in East Africa, and currency appreciation against the Ugandan shilling.