The Independent Uganda: You get the Truth we Pay the Price
Top executives at PSFU, Centenary Bank and NSSF share ideas Kampala, Uganda | JULIUS BUSINGE | These are tough times. New strategies have to be designed and implemented by business managers to achieve success during and post-COVID-19 era. This was the general message that came out of the speeches of …
Read More »NSSF ready to lend to local governments
Kampala, Uganda | THE INDEPENDENT | National Social Security Fund- NSSF wants the laws governing its investments amended to allow the fund to lend money to local governments. This comes after the local government officials and a UN official called for the empowerment of local governments to negotiate their loans and …
Read More »Blow to URA as interest paid to pensioners is now tax exempt
The taxman had expected to collect Shs42.5bn in principal and penal tax from NSSF contributors Kampala, Uganda | JULIUS BUSINGE | It became official on Nov. 02 that the National Social Security Fund will not be remitting income tax to Uganda Revenue Authority on the interest rate that it pays …
Read More »NSSF interest to savers cannot be taxed – Court
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won a landmark case that has saved workers saving up to 43 billion shillings. Uganda Revenue Authority had written to NSSF seven years ago, informing the agency that the interest paid to members accounts is accepted as an …
Read More »NSSF wins Gold Integrated Financial Reporting Accolade
Kampala, Uganda | Julius Businge | The National Social Security Fund is the overall winner of the Gold Integrated Financial Reporting Award for 2020 organised by the Institute of Certified Public Accountants of Uganda. This was at the 10th Financial Reporting (FiRe) awards ceremony held at Skyz Hotel, Naguru – Kampala …
Read More »COVID-19 has exposed business’s ability to deal with emergencies
The Federation of Uganda Employers (FUE) is celebrating its 60th anniversary this year. The Federation’s Executive Director, Douglas Opio, spoke to The Independent’s Ronald Musoke about the long journey and a wide range of employer-employee issues in the country. The Federation of Uganda Employers (FUE) is celebrating 60 years this …
Read More »Case seeking mid-term access to NSSF funds delayed for another 4 months
Kampala, Uganda | THE INDEPENDENT | The Constitutional petition demanding for a 20 percent mid-term access to benefits by contributors to the National Social Security Fund has been adjourned to February 25 2021 for conferencing. The petition which was filed by Morisson Rwakakamba the former Presidential Assistant on Research and Information and …
Read More »Employees of Chinese construction company resolve to return to duty
Kampala, Uganda | THE INDEPENDENT | The employees of China State Construction and Engineering Corporation Limited have agreed to resume work following a commitment by their employer to pay their National Social Security Fund-NSSF contributions and wage arrears. The company was contracted by Kampala Capital City Authority-KCCA to construct Nakawa-Ntinda, John …
Read More »NSSF takes on agency service model to expand reach
Kampala, Uganda | THE INDEPENDENT | Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system. NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …
Read More »NSSF hit by COVID-19
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 …
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