Kakande's Investments Podcast · Kakande's Investments Podcast

Hooray for 13.5%! NSSF Savers Celebrate as Minister Announces Highest Rate in 7 Years

·42 min·2 clips

NSSF declared 13.5%, the highest interest rate in seven years.

Alex Kakande opens with the number. He says the minister announced a 13.5% rate for NSSF savers, the highest in over seven years, and places it beside the earlier run of 15% in 2017-2018, 11%, 10.75%, 12.15%, 9.65%, 10%, and 11.5%. The comparison does the heavy lifting. By the time the new rate lands, it is already clear this has been a strong year for savers, with NSSF described as heavily invested in fixed income and the market yielding well. That is where the episode settles. The discussion then turns to NSSF's investments and gives more room to the equity side than to the headline return, which keeps the episode close to the machinery behind the payout. The biggest equity name is MTN Uganda. The speaker says NSSF has close to three trillion UGX in fair value assets of equities and places its biggest equity investment at around 700 billion UGX. He pauses on the gain. Using an average fair value at the beginning and end of the year of around 2.5 trillion UGX, he says the portfolio made a fair value gain of 700 billion UGX in one year. Dividend income adds another layer. The same equity book is said to have brought in 238 billion UGX in dividend income, and the speaker says that, together with the fair value gain, the total comes close to one trillion UGX. The point stays practical. Rather than leaving the numbers as market talk, the episode uses them to show why some investors keep coming back to equities, even as others keep debating real estate. Then the tone shifts toward discipline. Alex Kakande tells listeners to save something for themselves, even if it is 5% or 10% of income, and to let that money compound in a long-term treasury bond, a unit trust, or NSSF Smart Life. Ten years matters here. He asks for money that will sit untouched for a decade, framing retirement as something to build now rather than something to hand off to children later. The sign-off is warm. He congratulates NSSF savers, thanks the audience, and closes with a plain promise to keep following the financials and sharing what he learns.

As heard by us

NSSF's 13.5% gets a clear look at the portfolio behind it.

PlayNext's Business & Finance angle lands because the piece stays anchored on NSSF's 13.5% declaration for savers, framed as the highest rate in over seven years.

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Why you'd press play

You get the NSSF headline, then the numbers underneath it.

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