TOUGH ECENOMY PUSHES NSSF

TOUGH ECENOMY PUSHES NSSF

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  • Fund hits Sh6.6 trillion as managers opt to invest out of Uganda
  • Uganda not as lucrative as Kenya and Tanzania – Byaruhanga  
  • Tough investment climate slows investment returns ​

National Social Security Fund top managers say they are to invest more across the East African Region given the tough business environment and unclear investment policies.

 

According to the Fund’s Managing Director Richard Byarugaba Kenya and Tanzania markets remain lucrative both in the equities and stock.

 

He adds that currently NSSSF is investing 26% of the total fund’s assets but this will increase in the next quarter after securitizing new opportunities like real estate.

 

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