Finance Minister Matia Kasaija wants tangible results Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has appointed Peter Kimbowa, a team leader at the CEO Summit Uganda– a private sector Think Tank and managing Partner at IFE Consultants, as the pension fund’s …
Read More »NSSF assets hit Shs14.6trillion in COVID-19 period
Its comprehensive income declined during the one year coronavirus pandemic crisis, executives say Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund size grew by 16% from Shs12.66trillion in March 2020 to Shs14.62trillion in March 2021 amidst the coronavirus pandemic. The Fund’s Managing Director, Richard Byarugaba, and Chief …
Read More »NSSF, Monitor career expo targets 4000 university students
Kampala, Uganda | JULIUS BUSINGE | The 10th NSSF-Monitor Career Expo is set to begin tomorrow and will go on for three days virtually, the NSSF Managing Director Richard Byarugaba and Nation Media Group Uganda Managing Director Tony Glencross told reporters earlier today (March 23). The two executives said COVID-19 pandemic preventive …
Read More »NSSF hit by COVID-19
The pandemic has eroded return on contributor’s savings Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension firm, National Social Security Fund, will pay low interest rates on contributor’s savings due to the impact of coronavirus pandemic. NSSF Managing Director, Richard Byarugaba, flanked by his deputy, Patrick Ayota, said on Sep.24 …
Read More »NSSF: It is double digit, 10.7% interest despite COVID-19
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% Members to earn Sh1.14 trillion on their accounts Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has today declared an unexpected double …
Read More »IN THE INDEPENDENT: Will Bobi Wine make or break EC?
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Will Bobi Wine make or break EC boss?: Why NUP is a test case for Byabakama THE LAST WORD Election rigging and Besigye’s choice: How legitimate claims of electoral malpractice have blinded the …
Read More »It is an 11% interest rate for NSSF members this year
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% Kampala, Uganda | THE INDEPENDENT | Ugandans saving with the National Social Security Fund (NSSF) will earn 11 per cent on their savings this year, a drop …
Read More »What interest rate will NSSF declare to savers today?
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 -……….. Kampala, Uganda | THE INDEPENDENT | Ten days after cautioning that National Social Security Fund (NSSF) will pay a lower interest rate on account of a drop in its total …
Read More »NSSF loses Sh402 billion, members to get less than 15%
❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …
Read More »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
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