Kampala, Uganda | THE INDEPENDENT | The Board of Directors of the National Social Security Fund-NSSF is set to commence investigations into the allegations of the Fund’s mismanagement by former Managing Director, Richard Byarugaba. Byarugaba’s contract expired at the end of November just after the expiry of his former deputy, Patrick …
Read More »What is going on at NSSF?
Kampala, Uganda | THE INDEPENDENT & URN | The appointment early this month of Patrick Ayota as caretaker Managing Director at National Social Security Fund (NSSF), was supposed to be a temporary measure to allow the board and appointing authority conclude on either reinstating Richard Byarugaba as head or name a …
Read More »NSSF targets more members through its smart card
Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) in partnership with various companies has unveiled a loyalty programme to enable members to access discounts on selected goods and services through the NSSF smart card. The initiative is one of the major features of the NSSF Smart card, …
Read More »Regulator urges savers to exercise restraint on Midterm Access
URBRA’s Nsubuga says “we think that this lump sum payment is not attractive” Kampala, Uganda | THE INDEPENDENT | The pensions sector regulator URBRA insists that the decision to allow savers to withdraw up to 20 percent of their savings to cater for emergency financial distress was wrong and could …
Read More »NSSF introduces smart card loyalty programme to grow membership
NSSF in partnership with various companies, has officially unveiled a loyalty programme where members can access discounts on selected goods and services through the NSSF smart card Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF), in partnership with various companies, on Dec 14th officially unveiled a loyalty …
Read More »Patrick Ayota takes charge of NSSF
Kampala, Uganda | THE INDEPENDENT | Patrick Oyota has been re-appointed Deputy Managing Director of National Social Security Fund (NSSF) for five years, and will be in charge as the search for a Managing Director continues. In a letter from the NSSF board to stakeholders, Patrick Ocailap from the Ministry …
Read More »Opportunities at Uganda Innovation Week
Deals signed, networks made, entrepreneurial knowledge shared Kampala, Uganda | THE INDEPENDENT | From November 22-24, the 4th edition of the annual Uganda Innovations Week (UIW) kicked off in Kampala, organized by Start-up Uganda, with hundreds of participants from the private sector, government, and other fields participating both physically and …
Read More »NSSF earmarks Shs7 billion for small, starting enterprises
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has unveiled a program under which it will acquire a shareholding in small and starting enterprises, as a way of enabling them to acquire “patient capital”. In partnership with Mastercard Foundation, the Fund has earmarked more than Shillings 7.6 …
Read More »Over 70% of working Ugandans lack social protection – UBOS
Kampala, Uganda | THE INDEPENDENT | More than half of working Ugandans have no access to social protection as fall back when they retire or stop working. This is according to a report by the Uganda Bureau of Statistics-UBOS from a survey conducted between June 2021 to December 2021 in the …
Read More »NSSF and Mastercard invest $10m in Ugandan ‘Silicon Valley’
MasterCard Foundation, NSSF 2028 Target: To create 500 startups and up to 132,000 jobs ✳ Support 500 startups ✳ 100 startups to scale ✳ Create132,000 jobs ✳ 132,000 new NSSF members ✳ Use $10million ($5m Mastercard Foundation + $5m NSSF) ▶ In the past 14 months ✳ 8,039 entrepreneurs …
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