Retirement Benefits Sector grows to 17 Trillion, 11.1% OF Gross Domestic Product
The Minister of Finance, Planning and Economic Development, Honourable Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise national savings and enhance population productivity and wellbeing. The Minister was releasing the 2020 Annual Sector Performance Report of the Retirement Benefits Sector at the Uganda […]
Retirement Benefits Sector Performance, 2020
1) IntroductionThe Sector delivered a solid performance for 2020 in terms of both its operational and financial results despite the COVID-19 pandemic and related restrictions on economic activity. Total assets of the Sector increased by 16.4 per cent during the year 2020 from UGX. 13.2 trillion in 2019 to UGX.15.4 trillion, accounting for 11.1% of […]