The National Social Security Fund (NSSF) announced a robust financial performance for the fiscal year ending June 2024, with total assets climbing to Shs32.8 trillion, up 12% from the previous year. Net income surged to Shs6.51 trillion, driven by higher contribution inflows and strong returns on its diversified investment portfolio, which now includes increased stakes in infrastructure, real estate, and renewable energy projects. NSSF Chairman, Grace Nanyonga, highlighted the fund’s commitment to long‑term sustainability and the importance of expanding pension coverage to informal sector workers. Analysts predict the fund’s continued growth will bolster Uganda’s capital markets and support national development goals.
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