Tag Archives: nssf

By Andrew M. Mwenda Almost every two years we are treated to the spectacle of all the ills at the National Social Security Fund (NSSF). An inquiry into the Fund has always exposed rot leading to the board and top management getting fired, ministers responsible being reshuffled, sometimes the managing …

By Patrick Kagenda Interest payments plunge from 14% to 3 %, inflation hits 15% As the July deadline for the National Social Security Fund (NSSF) to declare the annual interest to its members nears, speculation is mounting that the compulsory saving scheme for all private sector workers could announce a …

By Patrick Kagenda As stockbrokers and punters eagerly wait for the return of the National Social Security Fund (NSSF) to trading on the Uganda Securities Exchange in Kampala, regional financial markets experts are concerned about its management. Company Secretary Martin Bandebire, who is NSSF’s acting managing director, has not said …

By Patrick Kagenda Simon Rutega, CEO of the Uganda Security Exchange, tells The Independent’s Patrick Kagenda that the absence of the National Social Security Fund distorts and depresses the long-term funds market How has the Uganda Securities Exchange been faring under the global economic slowdown? A global recession will obviously …

By David Chandi Jamwa I have read carefully the reasons why I was supposedly sent on suspension as Managing Director of the National Social Security Fund (NSSF). I admit that I am not perfect. Indeed, no one ever is. Yet my alleged faults are of a tactical, not a strategic …

By Andrew M. Mwenda One of the key issues of 2008 was the price at which the National Social Security Fund (NSSF) bought land belonging to security minister, Amama Mbabazi. I strongly believe it was a good price. Many believe it was a rip-off. If i am right, workers should …

By The Independent Team Abel Katembwe May 1998: NSSF board dismisses demands by parliament to send Katembwe on forced leave. NSSF initially resists and board chairman Sam Rutega defends him before parliamentarians as a hard working manager. But eventually Katembwe is sacked. Katembwe’s woes started after he bought a house …

By Andrew M. Mwenda Finally, against opposition from his wife, brother and party, President Museveni literally bulldozed the National Resistance Movement (NRM) into letting ministers Amama Mbabazi and Ezra Suruma off the hook of censure despite glaring evidence that they arm-twisted the National Social Security Fund (NSSF) to buy Mbabazi’s …

By Onghwens Kisangala Two Non Governmental Organizations (NGOs), Anti Corruption Coalition Uganda (ACCU) and Platform for Labour Action (PLA) have teamed up to sue the NSSF over the purchase of land in Temangalo. Onghwens Kisangala caught up with the National Coordinator of ACCU Mr. Jasper Tumuhimbise. Why are you going …

By Agnes Asiimwe Workers’ Fund to finance new 20 storeys building in Nakasero This NSSF – Temangalo land purchase scandal could spoil the fortunes of some, especially those who were a heartbeat away from getting their hands on their own chunk of the workers’ fund, like the Uganda National Farmers’ …