Libya stopped funding the telecom company five years ago and instead Ugandan government took over its management | THE INDEPENDENT | On Aug.08, Uganda’s Court of Appeal overturned the High Court decision directing the National Social Security Fund to refund Uganda Telecom Shs14bn contribution belonging to former employees. This verdict …
Read More »Pension sector regulator turns 10 years
Assets under management have increased from Shs4tn in 2014 to Shs20tn but sector players want Ugandans to save more Kampala, Uganda | JULIUS BUSINGE | As the Uganda Retirement Regulatory Authority continues to celebrate its 10-year anniversary, experts have challenged its executives to support innovations in the sector so as …
Read More »NSSF steps up support to local firms to boost their competitiveness
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance payments for high …
Read More »NSSF unveils first social security Smart Card in East Africa
The new card will replace the laminated membership cards with more functions allowing members access more services Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund in partnership with Visa and Centenary Bank on June.16 unveiled a three-in-one social security smart card that embeds NSSF functionality, bank functionality and …
Read More »NSSF midterm payments hit sh421 billion in 3 months
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has paid out a total of sh421 billion worth of midterm benefits to over 21,600 eligible members in less than 3 months, following commencement of payments in March this year. The payments are in respect to Section …
Read More »NSSF mid-term payments reach Shs400bn
The pension fund manages assets worth over Shs15.5 trillion invested in assets cross East Africa Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund has paid Shs400bn to 18000 eligible members for the mid-term access since the exercise commenced on March.17, the fund’s executive said. The payments are in accordance with …
Read More »NSSF disburses Sh78.8Bn in first week of midterm payments
NSSF paid out sh28.8 billion above target Kampala, Uganda | THE INDEPENDENT & URN | The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 28.8 billion above its weekly target of UGX 50 billion, following mass application of the mid term benefit that …
Read More »NSSF’s mid-term payments commences
Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund will commence payment of eligible members for the mid-term access to their contributions on March.17 in response to the new pension law. President Yoweri Museveni assented into the amended pension law, NSSF Act 2022, paving way for contributors …
Read More »NSSF ready to pay ‘mid-term’ starting March 17
Kampala, Uganda | THE INDEPENDENT & URN | In accordance with the National Social Security Act (2022), the National Social Security Fund (NSSF) will commence payments to eligible members for the ‘Mid-term access’ in respect to Section 20A (1), (2), effective March 17th. This was revealed today by Richard Byarugaba, the …
Read More »Byarugaba, Balunywa preach leadership at forum of accountants
In tough times like the world is experiencing today characterized by a pandemic, experts are calling on managers of companies and other entities to undertake well planned business models but also support the people they work with to achieve success. | THE INDEPENDENT | This is one idea to kept …
Read More »