9 percent interest

9pc interest to be paid to NSL accounts

The announcement was made today by NSL Board Chairman, Anthony Smare, in front of members, NSL staff and the media.

Smare said despite the challenging economic conditions of 2016, NSL was able to generate a 44 percent increase in profit from K280 million in 2015 to K404 million last year.

"The 9 percent crediting rate will be applied to members’ balances over this coming weekend," he said.