Nasfund Superannuation has announced a 13 percent interest crediting rate for the 2025 financial year, marking the highest rate the fund has delivered since 2010.

Chairman Christopher Elphick made the announcement during the release of the fund’s 2025 audited financial results, describing the outcome as one of the strongest financial performances in the organization’s history.

The trustee board approved the financial statements showing a record net profit after tax of K1.08 billion, while the fund’s net asset value increased to more than K9.45 billion.

Mr. Elphick said the strong performance would result in more than K1 billion being credited to members’ accounts, reflecting the fund’s commitment to growing retirement savings for its members.

“This is the highest distribution ever, demonstrating the fund’s commitment to growing members’ retirement savings,” he said.

He acknowledged the role played by the board of directors, management and staff in delivering the results, noting that strong governance and disciplined investment strategies had contributed significantly to the fund’s success.

Membership and employer participation also continued to grow during the year.

The fund recorded a net increase of 28,384 members, bringing total membership to 744,213 members nationwide.

The employer base also expanded, with 87 new employers joining the fund, increasing the total number of participating employers to 2,978.

Mr. Elphick said the growth reflected increasing confidence in the fund and continued engagement with employers and workers across the country.

He added that the fund’s long-term investment strategy has also been delivering solid returns for members.

Over the five-year period from 2021 to 2025, Nasfund recorded an average annual return of 8.91 percent, outperforming the national inflation average of 3.56 percent.

“This means members’ retirement savings have grown about 5.35 percent above inflation,” he said.

According to Mr. Elphick, the fund is currently in the final year of its three-year strategic plan, which focuses on optimizing its investment portfolio and maintaining disciplined investment decisions to ensure sustainable long-term returns.

Another key focus area has been superannuation education and financial inclusion, aimed at improving members’ understanding of retirement savings.

Through its partnership with the Centre for Excellence in Financial Inclusion, Nasfund has contributed to the development of financial education programs within the national education curriculum.

Mr. Elphick said the fund has also strengthened its internal operations by improving governance frameworks, enhancing service delivery and investing in better data management systems.

“These improvements are helping us better understand our members and deliver more personalized services,” he said.

He added that the board remains focused on ensuring the fund continues to deliver sustainable returns while safeguarding the long-term retirement savings of its members.