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Tag Archives: Byarugaba

Leaders say bureaucracy frustrating OWC

ANALYSIS: ‘You’re to blame’. District bosses grill government officials, minister The trucks rolled up suddenly, without warning. But soon enough, the district Chief Accounting Officer (CAO), Esau Ekachelau, was informed of their mission: They had brought 800 bags of cassava cutting for distribution to farmers in the district. It was a …

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HEALTH: Bird flu threat

Experts say worst is over – possibly The good news announcement from the Ministry of Health came on Monday Jan. 30: the strain of avian influenza that was recently responsible for the death of many migrating wild birds in Uganda is possibly not likely to cause so-called `bird flu’ disease …

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Why NSSF will pay lower interest rate

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, …

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NSSF grows by 18%, now worth sh6.58 trillion

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 …

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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 …

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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 …

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