Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …
Read More »NSSF’s Byarugaba sets new target
But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …
Read More »Uganda hosts regional conference on social security
Kampala, Uganda | JULIUS BUSINGE | Uganda is hosting a two day conference for the East and Central Africa Social Security Association (ECASSA) Policy Makers Conference to devise ways of improving social security coverage in the region. The conference started on Nov. 23 at the Kampala Serena Hotel. It was officially …
Read More »NSSF in capacity building drive
Kampala, Uganda | THE INDEPENDENT | Uganda’s pension fund plans to equip leadership skills to most of its employees as part of the effort to achieve a Shs20bn target in contribution by 2025. This follows graduation of 132 of its staff on Nov. 08 upon completion of the 8 month leadership …
Read More »Stanbic, NSSF and Umeme sweep 2017 Financial Reporting Awards
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited won this year’s Gold Award for the 7th edition of the 2017 Financial Reporting (FiRe) Awards organized by the Capital Markets Authority, the Institute of Certified Public Accountants of Uganda, Uganda Securities Exchange and media company – New Vision. The National …
Read More »NSSF supports KCCA schools with Shs 131 million
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Managing Director, Richard Byarugaba, on Nov. 06 handed over Shs 131 million to Kampala Capital City Authority Executive Director, Jenifer Musisi to use in renovating and improving standards of government schools under the city authority. The amount in question was …
Read More »THIS WEEK: NSSF’s “Friends with Benefits” campaign is back
THIS WEEK: NSSF’s “Friends with Benefits” campaign is back Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has unveiled the second edition of the “Friends with Benefits” campaign, an initiative aimed at promoting a savings and investments culture amongst Ugandans. The campaign that runs as a …
Read More »NSSF sees higher returns for savers in FY 2017/18
Savers suggests Fund’s flexibility to allow them access part the saving to meet their needs Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) members are expected to earner higher returns on their savings for the 2017/18 financial year, according to its Managing Director, Richard Byarugaba. Byarugaba …
Read More »THIS WEEK: NSSF unveils $400million Lubowa housing project
THIS WEEK: NSSF unveils $400million Lubowa housing project The National Social Security Fund broke the ground for the construction of 2,740 housing units on its 565 acres of land in Lubowo, a Kampala suburb. Speaking at the ground breaking ceremony on Sept. 26, NSSF Managing Director, Richard Byarugaba, said the …
Read More »NSSF members get 11.23% interest but fund size, compliance grows
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has declared 11.23% interest rate on members’ savings for the financial year 2016/2017, lower than the 12.3% paid out for FY2015/2016. Officials said the lowering of interest rate was because of a bad economy that affected its …
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