Tag Archives: nssf

Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s National Social Security Fund plans to unveil the first 550 housing units at its Temangalo housing project for sale in 2024 as it seeks to tap into the growing demand for accommodation in the Kampala Metropolitan Area. NSSF Managing Director Richard Byarugaba said …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is to pay out 9.65 per cent to each of its savers for the year ended June 2022. This is the first time in 15 years that the rate announced is below 10 per cent, mainly due to the …

COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …

Kampala, Uganda | THE INDEPENDENT | The police through its department of private security organisations (PSOs) and private firearms has ordered private security companies to remit National Social Security Fund -NSSF contributions for their guards or close business. Presenting proof of NSSF remissions for all their guards will be the …

But the houses are too expensive for the average Ugandan Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s pension fund has placed more than 370 housing units for sale at its Lubowa Housing Project on Entebbe Road in Wakiso District but they are expensive to the average local population. NSSF Managing …

Kampala, Uganda | THE INDEPENDENT | During a cocktail event following the launch of NSSF’s Solana housing project in Lubowa yesterday, Lilian Mbabazi – one of the members of the legendary girl group, Blu 3 – sent guests down memory lane with performances from the girl group’s heydays. Performing live …

All retirement  benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe |  “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Retirement Benefits Sector is yet to expand coverage to all working citizens to enable them save for retirement, with confidence and without coercion. Currently, only 2.8 million Ugandans are covered under a retirement plan, with the majority of them under the mandatory NSSF. …