• Latest
NSSF Earnings Grow 11% to Record Shs3.5 Trillion as Assets Hit Shs26 Trillion

NSSF Earnings Grow 11% to Record Shs3.5 Trillion as Assets Hit Shs26 Trillion

4 weeks ago
Mafabi Courts Rwenzori: I will Put Money in Your Pockets

Mafabi Courts Rwenzori: I will Put Money in Your Pockets

4 minutes ago
Museveni Urges New UPDF Cadets to Master Modern Warfare

Museveni Urges New UPDF Cadets to Master Modern Warfare

14 minutes ago
Museveni Steps Away from Campaign Trail for State Duties

Museveni Steps Away from Campaign Trail for State Duties

20 minutes ago
Archbishop His Grace Rev. Dr Kaziimba Pledges to Champion & Popularize Census

Kaziimba: Appointment of New Canterbury Archbishop Deepens Anglican Rift

15 hours ago
Gen Otafiire Urges African Unity, Calls Divisionism Greatest Existential Threat

Otafiire to Hand Over Pan-African Movement Chairmanship After 31 Years

23 hours ago
CPA Ben Patrick Kagoro Honoured with ICPAU Gold Service Award

CPA Ben Patrick Kagoro Honoured with ICPAU Gold Service Award

24 hours ago
SoftPower News
Sunday, October 5, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

NSSF Earnings Grow 11% to Record Shs3.5 Trillion as Assets Hit Shs26 Trillion

by Rogers Atukunda
September 10, 2025
NSSF Earnings Grow 11% to Record Shs3.5 Trillion as Assets Hit Shs26 Trillion

NSSF Managing Director Patrick Michael Ayota

3.5k
VIEWS

The National Social Security Fund (NSSF) has announced record-breaking earnings for the Financial Year ending June 30, 2025, with total revenue climbing to UGX 3.52 trillion, an 11% increase from UGX 3.2 trillion recorded in the 2023/24 financial year.

Speaking at the Fund’s Annual Media Roundtable held at Kampala Serena Hotel on Wednesday, NSSF Managing Director Patrick Michael Ayota attributed the strong performance to robust growth across multiple asset classes.

Related Stories

Mafabi Courts Rwenzori: I will Put Money in Your Pockets

Museveni Urges New UPDF Cadets to Master Modern Warfare

Kaziimba: Appointment of New Canterbury Archbishop Deepens Anglican Rift

“For the second year running, we saw a significant increase in revenue in our real estate income, interest income, as well as dividend income,” Ayota said. “Compared to the previous financial year, interest income grew from UGX 2.34 trillion to UGX 2.88 trillion, dividend income rose from UGX 175 billion to UGX 238.14 billion, while real estate income increased from UGX 13.24 billion to UGX 16.64 billion. Other income grew from UGX 382 billion to UGX 651 billion.”

Dividend earnings were driven largely by investments in leading regional companies, including UGX 61.8 billion from MTN Uganda, UGX 36 billion from Airtel, UGX 21.5 billion from Equity Bank, UGX 18.6 billion from CRDB Tanzania, UGX 16 billion from KCB, UGX 15 billion each from Safaricom and Tanzania Breweries, UGX 13.7 billion from NMB Bank, and UGX 13 billion from Stanbic Bank, among others.

Member Contributions and Assets Surge

In addition to record earnings, member contributions hit UGX 2.13 trillion in the 2024/25 financial year, up from UGX 1.93 trillion the previous year—representing a 10.4% growth.

The Fund’s Assets Under Management (AUM) also expanded by 17.5%, increasing from UGX 22.13 trillion in 2023/24 to UGX 26 trillion in 2024/25.

“This performance sets the stage for the implementation of our next 10-year strategic plan, ‘Vision 2035,’ which targets growing the Fund to UGX 50 trillion, increasing coverage to 50% of the working population, and attaining 95% customer satisfaction,” Ayota told journalists.

Efficiency and Cost Management Gains

Despite the revenue growth, NSSF also managed to keep costs under control. The Fund’s cost-to-income ratio improved from 9.7% in 2023/24 to 7.9% in 2024/25, while the cost of administration fell from 1.02% of total assets to 0.88%.

The Fund also reported improved customer satisfaction, which rose from 87% to 88%, and staff engagement, which grew from 89% to 91% over the same period.

Expanding Products and Member Benefits

The voluntary Smartlife Flexi savings product, launched in November 2024, recorded UGX 27 billion in contributions within just 10 months, demonstrating strong uptake among savers seeking flexible, goal-driven savings options.

Meanwhile, benefits paid out to members increased from UGX 1.12 trillion in 2023/24 to UGX 1.32 trillion in 2024/25, even as the number of claimants slightly declined from 44,250 to 43,501.

Compliance Challenges Remain

However, the Fund acknowledged that compliance remains a challenge, with rates falling from 57% to 52% following a 2022 legal amendment requiring all employers, regardless of workforce size, to remit contributions.

“The change has increased the number of employers with cash flow challenges, but the Fund has embarked on sensitisation and employer engagement initiatives to improve compliance,” Ayota explained.

Outlook

Ayota noted that the Fund’s performance came amid a challenging investment environment. “Despite volatility in East African stock markets and currency fluctuations, we achieved strong growth while maintaining financial stability,” he said. “This gives us confidence as we pursue Vision 2035 and continue to deliver value to our members.”

With 80.5% of assets in fixed income, 13.3% in equities, and 6.2% in real estate, NSSF says it remains well-positioned for long-term sustainability, aiming to balance profitability, growth, and member satisfaction in the years ahead.

Tags: EarningsNational Social Security FundNSSFPatrick Michael AyotaSmartlife FlexiSoftPowerSoftPower NewsTop Uganda NewsUganda

Recent Stories

Mafabi Courts Rwenzori: I will Put Money in Your Pockets

Museveni Urges New UPDF Cadets to Master Modern Warfare

Museveni Steps Away from Campaign Trail for State Duties

Kaziimba: Appointment of New Canterbury Archbishop Deepens Anglican Rift

Otafiire to Hand Over Pan-African Movement Chairmanship After 31 Years

CPA Ben Patrick Kagoro Honoured with ICPAU Gold Service Award

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?