Tag Archives: saving

   A Blueprint for NSSF’s independence and National growth   COMMENT | MORRISON RWAKAKAMBA | The National Social Security Fund’s (NSSF) historic declaration of a 22.53% interest rate—crediting Sh5.44 trillion to member accounts as total assets touched Sh32.8 trillion—should have been a moment of pure institutional pride. Yet, the commanding posture …

Kampala, Uganda | THE INDEPENDENT | Britam Asset Managers Uganda has introduced a children’s investment plan that allows families to start saving with as little as Shs20,000, as it seeks to encourage long-term financial planning among Ugandan households. The product, known as KidNest, comes at a time when many Ugandans …

    Kampala, Uganda | NEWS CORRESPONDENT | For years, retirement savings have seemed out of reach for many Ugandans working in the informal sector. But that is changing as the National Social Security Fund (NSSF) rolls out its SmartLife Flexi grassroots campaign, bringing social security services directly to communities …

  Here is what it will take for Ugandans to save for investment, rather than emergencies   COMMENT | DIPHUS TUGUME | There has been an ongoing discussion about how to raise Uganda’s savings ratio from 19.3% of GDP in FY2023/24 to about 22.89% by FY2029/30. According to the Ugandan government’s …

  Kampala, Uganda | THE INDEPENDENT | State Minister of Finance for Investment and Privatization Evelyn Anite Kajik has hailed the Union — leaders of boda boda, taxis, buses and trucks in Uganda — for their efforts to take their members out of poverty by teaching them how to save money …

Kampala, Uganda | THE INDEPENDENT | Pride Bank Uganda has announced the launch of Pride Care, a groundbreaking product that integrates health insurance directly into customer savings accounts. Developed in partnership with Jubilee Health Insurance and Padre Pio Insurance Brokers, the product marks a milestone in Uganda’s financial services sector, …

Dr Tumubweine Twinemanzi, noted that the number of Ugandans saving had grown from 54% In 2018 to 60% in 2024. However, savings that are not invested come to naught. Kampala, Uganda | LYDIA MIREMBE | On October 31st, stakeholders in the financial services sector commemorated World Savings Day 2024, with …

Otuke, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has launched its livelihood support project. The initiative is aimed at recruiting informal sector workers to save with the fund. Launched in Otuke district on Friday, the project is currently being piloted in the four districts of Otuke in …

  NSSF aims to create more jobs and make saving a way of life ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% 2022 ✅ 09.65% 2023 ✅ 10.00% 2024 ✅ …

Uganda’s 3rd Safe Motherhood Conference discusses innovative solutions Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Ministry of Health, in partnership with PATH Uganda, convened a three-day conference to address the pressing issue of maternal mortality. The “Safe Motherhood Conference” aim was to share insights, discuss innovative solutions, and strategize on reducing …