Tag Archives: Byarugaba

The fund has reported an 8% increase in member contributions for FY2020/21 Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund will easily achieve its Shs 20 trillion asset under management target for 2025 once the NSSF Amendment Bill is passed into law, the fund’s executives say. The …

Finance Minister Matia Kasaija wants tangible results Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has appointed Peter Kimbowa, a team leader at the CEO Summit Uganda– a private sector Think Tank and managing Partner at IFE Consultants, as the pension fund’s …

Its comprehensive income declined during the one year coronavirus pandemic crisis, executives say Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund size grew by 16% from Shs12.66trillion in March 2020 to Shs14.62trillion in March 2021 amidst the coronavirus pandemic. The Fund’s Managing Director, Richard Byarugaba, and Chief …

Kampala, Uganda | JULIUS BUSINGE  | The 10th NSSF-Monitor Career Expo is set to begin tomorrow and will go on for three days virtually, the NSSF Managing Director Richard Byarugaba and Nation Media Group Uganda Managing Director Tony Glencross told reporters earlier today (March 23).  The two executives said COVID-19 pandemic preventive …

The pandemic has eroded return on contributor’s savings Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension firm, National Social Security Fund, will pay low interest rates on contributor’s savings due to the impact of coronavirus pandemic. NSSF Managing Director, Richard Byarugaba, flanked by his deputy, Patrick Ayota, said on Sep.24 …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% Members to earn Sh1.14 trillion on their accounts  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has today declared an unexpected double …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Will Bobi Wine make or break EC boss?: Why NUP is a test case for Byabakama THE LAST WORD Election rigging and Besigye’s choice: How legitimate claims of electoral malpractice have blinded the …

  ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% Kampala, Uganda | THE INDEPENDENT | Ugandans saving with the National Social Security Fund (NSSF) will earn 11 per cent on their savings this year, a drop …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 -……….. Kampala, Uganda | THE INDEPENDENT |  Ten days after cautioning that National Social Security Fund (NSSF) will pay a lower interest rate on account of a drop in its total …

❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …