This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …
Read More »NSSF reaps big from MTN, surpasses 2023/2024 targets
Kampala, Uganda | THE INDEPENDENT | The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note, having surpassed their set targets. The Fund’s Managing Director, Patrick Ayota said a preliminary analysis shows that performance on the key indicators will surpass annual targets. “We have …
Read More »Ayota remains NSSF MD after court dismisses Byarugaba case
Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed the case in which former Managing Director of National Social Security Fund (nssf) Richard Byarugaba was challenging the decision not to renew his contract. The Civil Division Judge Musa Ssekaana on Friday dismissed the case on grounds …
Read More »NSSF funded company to market farmers’ produce
Kampala, Uganda | THE INDEPENDENT | The UN Food and Agriculture Organisation (FAO) has urged Uganda to ensure that climate change prevention and mitigation measures are at the heart of the country’s development agenda, especially in agriculture. Antonio Querido, the FAO Country Representative in Uganda says the country is among the …
Read More »UAP Old Mutual and NSSF Uganda host successful financial education session in Kampala
Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …
Read More »Rwandan national arrested for stealing solar street lights
Kabale, Uganda | THE INDEPENDENT | A Rwandan national in his 30s has been arrested after he was found vandalizing and plucking off a street solar panel along Jackson road in Central Division, Kabale municipality. Alphonse Shirmak currently being held at Kabale Police station was found on Wednesday morning at around …
Read More »NSSF saves shs.35 billion in career expo alumni
Kampala, Uganda | THE INDEPENDENT | More than 35 billion shillings has been saved by the National Social Security Fund (NSSF) from the Career Expo initiative. Started in 2011, the annual NSSF Career Expo is a platform through which university students are equipped with skills and knowledge to increase their employment and …
Read More »NSSF Career Expo: 44,700 alumni save sh35bn in 10 years
Kampala, Uganda | THE INDEPENDENT | Over 44,700 young people who enrolled with NSSF as university students have saved over Shs35.5 billion over the last 10 years, Managing Director Patrick Ayota has revealed. Speaking at the launch of this year’s NSSF expo at Makerere University Business School, Ayota attributed this …
Read More »Gov’t urged to re-evaluate absorption of former REA staff
Kampala, Uganda | THE INDEPENDENT | Government has been urged to re-evaluate the absorption process of former Rural Electrification Agency (REA) staff into the Ministry of Energy and Mineral Development (MEMD). This call emerged during the plenary sitting on Tuesday, 02 April 2024 when the Committee on Environment and Natural Resources …
Read More »NSSF payouts insufficient for retirement-survey
Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …
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