Uganda, Sept. 25 -- National Social Security Fund (NSSF) recovered from a 44 per cent revenue reduction in the 2018/19 finacial year to post a 17 per cent growth in income for the period ended June 30.
The Fund, which had in the 2018/19 financial year reported a revenue loss of Shs402b, yesterday said it had recovered from the slump to post Shs1.47 trillion as of June 30.
However, the Fund warned that for the period ended June 30, it will not be able to pay members a double digit interest rate due to negative effects brought about by Covid-19.
NSSF has for at least more than five years paid members an interest rate of above 10 per cent.
For instance, last year members benefited from an 11 per cent interest rate and 15 per cent for the 2...