NSSF unveils 9.65% interest rate, cites tough economic times
The National Social Security Fund (NSSF) has announced a 9.65% interest rate for the financial year 2021/22 on member savings, a rate lower than the 12.5% members earned last year. The managing director Richard Byarugaba says the low return comes on the back of global runway inflation, the turbulence in regional markets and a huge payout in mid-term access that saw a drop of a total 540 billion shillings in growth.
