NSSF has announced a 22.53% interest rate for members for the financial year ended June 2026, the highest rate in the Fund’s history. The rate will see about UGX 5.44 trillion credited to members’ savings. Daily Monitor - NSSF declares record 22.53% interest

But what does this mean for a business owner?

It is a reminder to keep a close eye on your business costs.

For employers, NSSF contributions are part of the cost of having employees. The standard contribution is 15% of an employee’s gross wage - 10% from the employer and 5% from the employee. NSSF Uganda - Membership and Contributions

And this is where inventory management and proper business records become important.

Imagine your business makes UGX 20 million in sales. Before assuming that money is available for restocking, you need to know:

Without proper records, it is easy to use money meant for restocking to cover other expenses and later find yourself with empty shelves and limited cash.

Your stock and your finances are connected

Inventory management isn't just about knowing how many products are in your shop.

It is about understanding how your stock, sales, purchases, expenses and cash flow work together.

With Mich Manage, you can keep better records of your inventory, sales, purchases and expenses, helping you understand where your money is going and make better decisions about restocking and business growth.

The new NSSF rate is a good reminder:

Know your stock. Know your numbers. Manage your business.

www.michmanage.com