Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has warned that their investments projects, especially in real estate will slow down from the pace that was exhibited in the previous year, due to the dwindling cash reserves. The Fund’s cash availability has reportedly been affected by the implementation …
Read More »NSSF steps up support to local firms to boost their competitiveness
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance payments for high …
Read More »NSSF boss challenges MPs to secure alternative sources of income
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) Board Chairman Dr. Peter Kimbowa has asked MPs to embrace creation of alternative sources of income and ensure proper monetary discipline measures if they are to become financially independent. “The new poor are the immediate former MPs …
Read More »‘Digital transactions set to change consumer behaviour for good’
NSSF in partnership with VISA and Centenary Bank unveiled the smartcard for its member, a first in Sub-Saharan Africa. Thembeka Ngugi, Senior Director, Marketing – Sub Saharan Africa, Visaspoke to The Independent about the latest innovation and the digital transaction space. ****** What does this partnership between VISA, NSSF and …
Read More »NSSF unveils first social security Smart Card in East Africa
The new card will replace the laminated membership cards with more functions allowing members access more services Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund in partnership with Visa and Centenary Bank on June.16 unveiled a three-in-one social security smart card that embeds NSSF functionality, bank functionality and …
Read More »BOU cautions against cyber fraud as NSSF launches smart card
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has tasked the National Social Security Fund-NSSF to ensure there are no cases of cyber fraud as the fund launches a three-in-one social security smart card. With the card, the fund’s qualified members will be able to directly withdraw their NSSF …
Read More »NSSF midterm payments hit sh421 billion in 3 months
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has paid out a total of sh421 billion worth of midterm benefits to over 21,600 eligible members in less than 3 months, following commencement of payments in March this year. The payments are in respect to Section …
Read More »NSSF mid-term payments reach Shs400bn
The pension fund manages assets worth over Shs15.5 trillion invested in assets cross East Africa Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund has paid Shs400bn to 18000 eligible members for the mid-term access since the exercise commenced on March.17, the fund’s executive said. The payments are in accordance with …
Read More »‘120 months NSSF contribution thresh-hold to be scrapped’
Kampala, Uganda | THE INDEPENDENT | The Government and workers’ representatives have agreed to scrap the 120 months-contribution thresh-hold requirements for National Social Security Fund-NSSF midterm access. Usher Wilson Owere, the chairperson of the Nation Organization of Trade Unions-NOTU disclosed this during the Labor Day celebrations at Kololo ceremonial grounds. The Gender, Labor …
Read More »NSSF mid-term requests decline after first month
Kampala, Uganda | THE INDEPENDENT | Up to sh400 billion has been paid out to over 18,000 claimants under the National Social Security Funds-NSSF midterm access. According to information obtained by URN, the fund made the first disbursement on March 17, 2022, after receiving 41,174 applications. Of these, only 14,690 applicants were …
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