Business 25 September 2026 Daily Monitor (Uganda)
NSSF Announces Record Interest Rate Payout to Members
The National Social Security Fund (NSSF) has declared a historically high interest rate of 10 percent for the financial year 2022/2023, marking a significant increase for its members. This announcement has been met with positive reactions, with experts deeming the move sustainable. Source: https://www.monitor.co.ug/uganda/business/insurance/nssf-interest-rate-hits-all-time-high-what-savers-need-to-know--5608436
The National Social Security Fund (NSSF) has unveiled a new benchmark interest rate, offering its members a remarkable 10 percent for the financial year that concluded in June 2023. This figure represents the highest dividend rate ever declared by the fund, surpassing previous payouts and generating considerable excitement among savers.
The NSSF’s performance has been attributed to a combination of strategic investments and effective management of its portfolio. The fund has consistently sought to balance growth with security, ensuring that members’ contributions yield substantial returns while safeguarding their principal.
Economists and policy analysts have weighed in on the NSSF’s latest dividend announcement. Dr. Fred Muhumuza, a respected economist and policy advisor, has expressed confidence in the fund’s ability to sustain this impressive payout. His assessment suggests that the NSSF’s financial strategies are robust and well-positioned for continued success.
This record interest rate is expected to boost confidence in Uganda’s social security system and encourage greater participation. It underscores the NSSF’s commitment to enhancing the retirement savings of its members and contributing to their long-term financial well-being. Savers are advised to check their NSSF accounts for updated balances reflecting the newly declared interest.
Read more about the NSSF’s performance and future outlook in the Daily Monitor.