VIDEO: The National Social Security Fund (NSSF) has decried the slow growth rate in the real estate sector which is affecting the country’s economic performance. NSSF is concerned that investments in the sector are returning less than ought to be – which means government has to come up with policies to improve …
Read More »NSSF’s stock market woes
2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE). Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety. Some 21% of NSSF’s total value is in equities, with 73% …
Read More »We are not dishing bailout money – NSSF reassures
National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …
Read More »NSSF and high-end houses
Analysts question feasibility of Shs 650m houses in glutted market yet demand is higher for low end accommodation At the beginning of this month, the National Social Security Fund (NSSF) commissioned a large-scale project worth Shs14.5bn to construct a housing estate at Mbuya involving 40 residential houses. This venture puts …
Read More »NSSF’s ugly Shs650m mansions
COMMENT: By Joseph Were Great corporation managers know one great thing; they know the difference between what their organisations do and why the organisations exist. Some people know Steve Jobs only for what Apple, the company he founded, does. That it creates, produces, and sells amazing computer and electronic gadgets. …
Read More »Geraldine Ssali denied entry into NSSF
The saga surrounding the National Social Security Fund (NSSF) Deputy Managing Director Geraldine Ssali Busulwa continued yesterday when she was denied access to her office. Ssali, who was suspended and went to court to protest, turned up at office but was told to first meet preconditions for her return. A …
Read More »NSSF’s Shs 3.3 bn complex
Jinja project starts as Fund gets set to invest Shs 578 bn in 2016 On April 20, the National Social Security Fund (NSSF) held a groundbreaking ceremony for the construction of an ultra-modern commercial building in Jinja town, an event that officially kick starts the Fund’s ambitious agenda to invest …
Read More »Pension sector in Uganda tops Sh.7 trillion
Reforms spur social security services but still lag behind peers and standards in developed countries, writes Isaac Khisa. Things are changing for the better in the pension sector. Five years ago, the government enacted the Uganda Retirements Benefits Authority Act that created the Uganda Retirement Benefits Regulatory Authority (URBRA). According …
Read More »Making NSSF a sustainable fund
By Peter Nyanzi Ten issues NSSF must work on to consolidate success and become even more relevant and sustainable The National Social Security Fund (NSSF) recently celebrated 30 years of existence. What a journey it has been. In 2005 – exactly ten years ago – NSSF had a total portfolio …
Read More »The war against NSSF and Umeme
By Andrew M. Mwenda How improved performance of the two companies tends to attract increasing hostility from parliament and the public The Members of Parliament in Uganda, supported by a loud section of our chattering elite class, seem determined to hold to wrong things dearly even in the face of …
Read More »