Tag Archives: nssf

NSSF to pay lower interest rate as economy bites Last year, the National Social Security Fund (NSSF) paid its members an interest rate of 13%, which means that for every Shs 1 million saved, a member got an additional Shs 130,000 credited on the account. This year it could less, …

The assessors in the corruption case against three jailed former officials of Ministry of Public Service accused of irregularly budgeting sh88 billion for NSSF and paying it to ghost pension pensioners, have advised the Anti-Corruption Court to find them innocent and acquit them of all charges. The accused, then Permanent …

Despite what he called a tough investment environment, Uganda’s National Social Security Fund (NSSF) has grown by 18% in the past year, Managing Director Richard Byarugaba said in Kampala today. “The Fund is worth sh6.58 trillion, an 18% growth from 5.55 trillion the previous financial year. Realized revenue went up …

UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …

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 …

  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% …

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 …

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 …

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. …

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 …