{"id":43237,"date":"2019-09-27T17:05:54","date_gmt":"2019-09-27T14:05:54","guid":{"rendered":"http:\/\/kfm.co.ug\/?p=43237"},"modified":"2019-09-27T17:05:54","modified_gmt":"2019-09-27T14:05:54","slug":"nssf-declares-lower-interest-rate-of-11","status":"publish","type":"post","link":"https:\/\/www.kfm.dembefm.ug\/staging_h\/nssf-declares-lower-interest-rate-of-11\/","title":{"rendered":"NSSF declares lower interest rate of 11%"},"content":{"rendered":"<p><em><strong>By Moses Ndhaye.<\/strong><\/em><\/p>\n<p>The minister of finance, planning and economic development, Matia Kasaija has declared an interest rate of 11% to NSSF members for the financial year 2018\/19.<\/p>\n<p>This is lower than the 15 per cent the fund declared last year.<\/p>\n<p>Speaking during the NSSF&#8217;s 7th annual members&#8217; meeting in Kampala, the interest rate is low because the Fund made some loses in its investments.<\/p>\n<p>Kasaija added that despite Uganda\u2019s economic growth by 6 percent in financial year 2016\/2017, some sectors, such as the equity and foreign exchange markets were not as competitive as per projections.<\/p>\n<p>The NSSF size meanwhile grew by over 13% and contributions from workers increased by 17 % from Shs 1.049 trillion to Shs 1.208 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Moses Ndhaye. The minister of finance, planning and economic development, Matia Kasaija has declared an interest rate of 11% to NSSF members for the financial year 2018\/19. This is lower than the 15 per cent the fund declared last year. Speaking during the NSSF&#8217;s 7th annual members&#8217; meeting in Kampala, the interest rate is low because the Fund made some loses in its investments. Kasaija added that despite Uganda\u2019s economic growth by 6 percent in financial year 2016\/2017, some sectors, such as the equity and foreign exchange markets were not as competitive as per projections. The NSSF size meanwhile grew by over 13% and contributions from workers increased by 17 % from Shs 1.049 trillion to Shs 1.208 trillion.<\/p>\n","protected":false},"author":12,"featured_media":33890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[3,134,7],"tags":[],"class_list":["post-43237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-national-news-news","category-news"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/43237"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=43237"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/43237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/33890"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=43237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=43237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=43237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}