Hope Mafaranga

  NSSF members get 11.5% interest on savings. By Hope Mafaranga National Social Security Fund (NSSF) members have received 11.5% on their savings in the last financial year (2023/24). The finance minister made the announcement during the fund's 12th annual general meeting in Kampala on September 20, 2024. Last year, NSSF declared a 10% interest rate, which translated to about sh1.591 trillion in total. “Given the improved performance, I am confident that the fund will pay a competitive interest rate for the financial year 2023/24 as will be declared by the Minister of Finance,” NSSF managing director Patrick Ayota said. NSSF reported a 15% increase in earnings to sh2.53 trillion for the financial year ended June 30, 2024, driven by growth in interest, dividends, and real estate income. NSSF’s total assets under management grew 19.2% to Sh22.13 trillion, exceeding its 2025 target. Member contributions grew 12.2% to sh1.93 trillion. “Income from all three asset classes we inve...

  Global Fund Report Highlights Major Strides Against HIV, TB and Malaria, Lowered Prices for Essential Medicines   Death rate from the three diseases cut by 61% since 2002; 65 million lives saved. Sustained progress against HIV, TB and malaria in 2023, with significant price reductions and wider access to key health products across the three diseases. Data reveals Global Fund investments in HIV freed up capacity in health care facilities, allowing better response to other diseases. Climate change, conflict and threats to human rights impact progress.  Investments in the fight against HIV, tuberculosis (TB) and malaria have saved a total of 65 million lives and cut the combined death rate from the three diseases by 61% since 2002, according to a  new report  by the Global Fund to Fight AIDS, Tuberculosis and Malaria.   “Those are not mere numbers,” said Peter Sands, Executive Director of the Global Fund. “Each of the 65 million lives saved by our partnershi...