UGANDANS SAVE EARNESTLY

UGANDANS SAVE EARNESTLY

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The notion of a (financial) rainy day seems to have sunk in Uganda. The rate of Ugandans saving for retirement has increased with total savings hitting a whopping 6.5 trillion shilling.

According to the retirement benefit sector performance report 2015, return on investments has also grown by 18.2% with the real rate of return 12.35%.

The regulator however is concerned about Ugandans collect their savings in a lump sum and spend it on luxuries rather than person development.

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