MD Byarugaba joins list of government officials ‘stuck’ over Museveni directives Kampala, Uganda | IAN KATUSIIME | In September President Museveni launched a new housing estate constructed by the National Social Security Fund (NSSF) in Lubowa, outside Kampala. The $73m estate has 370 housing units and Museveni praised NSSF for …
Read More »IN THE INDEPENDENT: NSSF stuck over ‘Orders from above’
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY NSSF stuck over ‘Orders from above’: MD Byarugaba joins list of government officials ‘stuck’ over Museveni directives THE LAST WORD The bastardisation of civil society: Why the struggle against NGOs in poor countries …
Read More »NSSF to unveil 550 housing units at Temangalo in 2024
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 …
Read More »NSSF savers get 9.65 percent interest
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 …
Read More »A regulated pensions environment breeds transparency and accountability
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 …
Read More »Police directs private security firms to pay NSSF for all their guards
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 …
Read More »NSSF’s Lubowa houses up for sale
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 …
Read More »Lilian Mbabazi channels Blu 3 as NSSF unveils luxury housing
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 …
Read More »Be reassured, your retirement savings are prudently invested
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.” …
Read More »NSSF retains Shs14bn UTL former employees’ contribution
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 …
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