The Rwanda Social Security Board (RSSB) recorded a strong financial performance in 2025, with its total assets rising to Rwf 3 trillion, more than doubling over the past five years, RSSB Director General Régis Rugemanshuro has said.
Appearing before Parliament’s Committee on Social Affairs on 20 January 2025, Rugemanshuro told lawmakers that the institution posted profits of Rwf 413 billion in 2025, representing a 15.6 percent return.
He said RSSB’s asset base has grown from about Rwf 1 trillion five years ago to Rwf 3 trillion today, following a series of reforms aimed at improving governance, investment management, and operational efficiency.
While acknowledging that some earlier investments were made without proper documentation, Rugemanshuro said institutional reforms have since strengthened accountability and performance.
The Director General noted that RSSB has improved its working relationship with employers, employees, and beneficiaries, leading to increased member contributions and higher benefit payments.
He also highlighted expanded use of digital systems, enabling employers to access contribution information more easily.
Despite the strong results, RSSB is still owed nearly Rwf 28 billion in unpaid contributions. Of this amount, about Rwf 16 billion is owed by public institutions and around Rwf 11 billion by private entities.
In 2025, the government paid about Rwf 2 billion, while private companies paid roughly Rwf 9 billion, according to the Director General.
Rugemanshuro nevertheless assured Parliament that RSSB remains financially stable and fully capable of meeting its obligations to members.
He said there is no risk that the institution will fail to pay benefits in the future.
RSSB’s investments are spread across several sectors, with about 40 percent of its assets invested in fixed-income securities, 15 percent held as bank deposits to ensure liquidity, 20 percent invested in commercial ventures, 14 percent in development-oriented projects aligned with national priorities, and 11 percent in real estate and land holdings.
He added that RSSB’s investment strategy remains closely aligned with Rwanda’s development agenda, noting that approximately 95 percent of its investments are made within Rwanda.
