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Tag Archives: Patrick Ayota

Companies, businesses advised to plan thoroughly before going digital

Kampala, Uganda | THE INDEPENDENT | Companies have been advised to have thorough planning and preparation to shift from traditional paper-based operations to digital systems. Speaking at a regional business conference that brought together participants from Uganda, Kenya, Zambia, and the United Kingdom, Patrick Ayota, Managing Director of Uganda’s National …

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Experts: Effective strategy will overcome global turmoil

KAMPALA, UGANDA | THE INDEPENDENT | Planning and strategising will help move around the current global social, political and economic turbulence, government and corporations are told. “Yes, these are turbulent times, but they’re also times of great opportunity,” said CPA Ronald Mutumba as he addressed the 3rd C-Suite Forum, featuring …

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NSSF launches saving scheme for informal sector workers

Otuke, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has launched its livelihood support project. The initiative is aimed at recruiting informal sector workers to save with the fund. Launched in Otuke district on Friday, the project is currently being piloted in the four districts of Otuke in …

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NSSF reports decline in applications for benefits

Kampala, Uganda | THE INDEPENDENT & URN | The National Social Security Fund (NSSF), has reported a drop in the number of savers seeking to withdraw their accrued benefits across all categories. The fund on Tuesday presented its performance report for the year ending 30th June 2024. From the report, it …

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NSSF Report: Savers are spending benefits on education, land

Kampala, Uganda | THE INDEPENDENT | A recent National Social Security Fund- NSSF beneficiary survey report indicates that savers are spending their benefits on non-income-generating expenses, such as education, constructing residential homes, and acquiring land. According to the report, the expenditures come at the expense of ensuring a decent standard of …

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NSSF assets hit a record Shs 20 trillion

The scheme’s MD Patrick Ayota says  he is confident the Fund will achieve its strategic objectives as scheduled Kampala, Uganda | THE INDEPENDENT | Uganda’s national savings scheme, National Social Security Fund (NSSF), has hit Shs 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, …

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Reject Byarugaba’s plea, NSSF boss Ayota tells court

Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) managing director, Patrick Ayota has asked court to reject his predecessor, Richard Byarugaba’s plea to have his appointment quashed. Ayota told court to put the stability of NSSF above politics in what he described as “unmeritorious cries of a single …

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