NSSF earnings rise 11% as contributions hit new high
For the second year running, NSSF has registered big increases in revenue from its real estate income, interest income, and dividend income
NSSF managing director, Patrick Ayota, addressing journalists at the fund’s annual media briefing. (Courtesy)
By Ali Twaha
Journalists @New Vision
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The National Social Security Fund (NSSF) has reported record earnings of sh3.5 trillion for the year ending June 2025, up 11% from sh3.2 trillion the previous year, driven by stronger returns across its investments.
Member contributions also grew, rising more than 10% from sh1.93 trillion in 2023/24 to sh2.13 trillion in 2024/25.
“For the second year running, we saw big increases in revenue from our real estate income, interest income, and dividend income,” NSSF managing director Patrick Ayota told journalists at the fund’s annual media briefing.
Interest income rose from sh2.34 trillion to sh2.88 trillion, while dividends from listed equities increased from sh175b to sh238.1b. Real estate income was up from sh13.2b to sh16.6b, and other income nearly doubled, rising from sh382b to sh651b.
Dividend earnings included sh61.8b from MTN Uganda, sh36b from Airtel, sh21.5b from Equity Bank, and sh18.6b from CRDB Tanzania. The fund also received sh16b from KCB, sh15b each from Safaricom and Tanzania Breweries, sh13.7b from NMB Bank, and sh13b from Stanbic Bank.
The improved performance pushed the fund’s assets under management up 17.5%, from sh22.1 trillion in 2023/24 to sh26 trillion in 2024/25.