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Tag Archives: nssf

Ayota remains NSSF MD after court dismisses Byarugaba case

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed the case in which former Managing Director of National Social Security Fund (nssf) Richard Byarugaba was challenging the decision not to renew his contract. The Civil Division Judge Musa Ssekaana on Friday dismissed the case on grounds …

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NSSF funded company to market farmers’ produce

Kampala, Uganda | THE INDEPENDENT | The UN Food and Agriculture Organisation (FAO) has urged Uganda to ensure that climate change prevention and mitigation measures are at the heart of the country’s development agenda, especially in agriculture. Antonio Querido, the FAO Country Representative in Uganda says the country is among the …

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Rwandan national arrested for stealing solar street lights

Kabale, Uganda | THE INDEPENDENT | A Rwandan national in his 30s has been arrested after he was found vandalizing and plucking off a street solar panel along Jackson road in Central Division, Kabale municipality. Alphonse Shirmak currently being held at Kabale Police station was found on Wednesday morning at around …

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NSSF saves shs.35 billion in career expo alumni

Kampala, Uganda | THE INDEPENDENT | More than 35 billion shillings has been saved by the National Social Security Fund (NSSF) from the Career Expo initiative. Started in 2011, the annual NSSF Career Expo is a platform through which university students are equipped with skills and knowledge to increase their employment and …

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NSSF Career Expo: 44,700 alumni save sh35bn in 10 years

 Kampala, Uganda | THE INDEPENDENT |  Over 44,700 young people who enrolled with NSSF as university students have saved over Shs35.5 billion over the last 10 years, Managing Director Patrick Ayota has revealed. Speaking at the launch of this year’s NSSF expo at Makerere University Business School, Ayota attributed this …

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Gov’t urged to re-evaluate absorption of former REA staff

Kampala, Uganda | THE INDEPENDENT | Government has been urged to re-evaluate the absorption process of former Rural Electrification Agency (REA) staff into the Ministry of Energy and Mineral Development (MEMD). This call emerged during the plenary sitting on Tuesday, 02 April 2024 when the Committee on Environment and Natural Resources …

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NSSF payouts insufficient for retirement-survey

Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …

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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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