Makerere pension fund returns 13.4% annual interest
The Makerere University Retirement Benefits Scheme has announced plans to diversify its investments beyond government securities to include real estate and equities. Currently, 86% of the scheme's portfolio is invested in government securities. This announcement was made during the 14th Annual General Meeting held at the university, where a 13.4% interest rate was declared for its members. Additionally, for the year ending June 30, the University Pension Scheme grew by 16.1%, adding 56.8 billion shillings, making it the third-largest pension scheme in Uganda, with a total value of 409 billion shillings, following the NSSF and the Parliamentary scheme.