NSSF to announce annual interest on savings today
The National Social Security Fund (NSSF) is set to announce its annual interest on savings at the annual members meeting at the Kampala Serena today.
Under the NSSF Act, interest on members’ savings is supposed to be announced before the month of October. Last Year, NSSF gave a 12.3% return on members’ savings.
Meanwhile, the fund broke ground on the construction of 2,740 housing units in Lubowa, Wakiso district.
The real estate project will cost an estimated about 1.4 trillion over a 10-year period and will be developed on the Fund’s 565 acres of land along Entebbe Road. Once completed, it will be one of the most up market housing estates in Uganda.