Equity markets put pressure on Uganda pension fund
NSSF Customer care staff attend to clients at an information stand in Kampala, Uganda. It accounted for the lion’s share of Uganda’s pension industry assets valued at more than $4.5 billion. FILE PHOTO | NMG
Uganda’s National Social Security Fund (NSSF) weathered equity pressures in 2022/23 to record increased revenues, amid slowed economic activity. The fund’s revenue increased by 15 per cent to Ush2.2 trillion ($585.33 million) from Ush1.9 trillion ($505.51 million) in the previous year, according to financial results released Wednesday.
This performance is attributed to growth in increased earnings from interest income and dividends.
