Pension Funds Unite to Finance Africa’s Growth as Aid Declines
For the first time, pension funds across Africa are joining forces to pool domestic resources toward the continent’s development needs reducing reliance on traditional foreign aid and funding. The initiative, dubbed the “Development Fund for Africa”, will be unveiled at the upcoming “$700 Billion in One Room” All Africa Pensions Summit,
NSSF Declares 13.5% Interest Rate for Savers
Uganda’s National Social Security Fund [NSSF] savers will receive a 13.5 percent interest on their savings for the Financial Year 2024/25, following a declaration made by Finance Minister Matia Kasaija at the Fund’s 13th Annual Members’ Meeting held today. The announcement marks the highest interest rate in five years, reflecting
Airtel Disburses Shs 50.3 Billion in Dividends to NSSF
Airtel Uganda has paid Shs 50.3 billion in dividends to the National Social Security Fund (NSSF), highlighting the strength of the Fund’s investment strategy and its ongoing commitment to delivering returns to its members. In 2023, NSSF invested Shs 199 billion to acquire over 4.21 billion shares in Airtel Uganda
NSSF Smartlife Flexi Surpasses Shs 5 Billion in Savings Within Three Months
NSSF Smartlife Flexi, the flagship voluntary savings product by the National Social Security Fund (NSSF), has surpassed Shs 5 billion in savings just three months after its launch. This milestone has been largely driven by informal sector micro savers. Praised for its flexibility, Smartlife Flexi primarily targets workers in the
