Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has no plans to review its investment structure even when there are some companies whose shares are not doing well on the stock market. Some stocks across East Africa’s stock market have lost value since their initial public offer and …
Read More »Peter Kimbowa to head NSSF Board
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development Matia Kasaija has appointed a new Board of Directors for the National Social Security Fund (NSSF) for the next three years effective September 01, 2021. The new NSSF board is headed by Dr. Peter Kimbowa, a …
Read More »NSSF calls for creation of two funds to deal with midterm access to savings
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF has asked parliament to split the current Fund into two to provide for workers who would want to have midterm access to their savings. Speaking to reporters at the NSSF head offices in Kampala on Thursday, Richard Byarugaba, the NSSF’s managing …
Read More »Mak staff exempted from mandatory contributions to NSSF
Kampala, Uganda | THE INDEPENDENT | Makerere University staff have been exempted from the mandatory contribution to the National Social Security Fund-NSSF. The exemption has been given by the finance minister Matia Kasaija, who approved the Makerere University Retirement Benefits Scheme as a supranational scheme to offer retirement benefits to employees …
Read More »Makerere University sued for diverting UGX 4Bn retirement benefits
Makerere University has been issued with summons to file a defense within 15 days or else court will proceed and deliver judgement Kampala, Uganda | THE INDEPENDENT | The registered trustees of Makerere University Retirement Benefits Scheme have sued the institution for alleged failure to remit more than four billion shillings to …
Read More »NSSF to release savings to Covid-19 patients
Patients undergoing treatment for COVID-19 at an intensive care unit (ICU) can now partially access their NSSF savings Kampala, Uganda | THE INDEPENDENT | Savers with the National Social Security Fund can now partially access their savings should they be undergoing treatment for COVID-19 at an intensive care unit (ICU). The NSSF says …
Read More »NSSF nine-month deficit falls to UGX 31.1 billion
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has a mixed picture in its performance over the nine months ending March 202, compared to the same period ending March 2020. This is largely due to the effects of the COVID-19 pandemic, as well as the changes in the …
Read More »Yoweri K. Museveni: The 40 year stretch
Supporters, critics, analysts speak out on the next five years Kampala, Uganda | IAN KATUSIIME | On May 12 President Yoweri Museveni raised the Bible in his right hand to take the presidential oath for the seventh time. While giving his inauguration speech to a crowd of an estimated …
Read More »KCCA ordered to recover monies for pensioners
Kampala, Uganda | THE INDEPENDENT | Legislators have backed the Committee on Commissions, Statutory Authorities and State Enterprises’ (COSASE) recommendation to Kampala Capital City Authority (KCCA) to recover the 10 per cent contributions that were remitted to National Social Security Fund (NSSF) for its pensionable staff. The committee report presented by the …
Read More »Lack of infrastructure, cost of land keep housing expensive
Kampala, Uganda | THE INDEPENDENT | Lack of adequate infrastructure and the high cost of land are keeping the cost of housing high, even as the developers have plans for low-cost houses. Uganda has a housing deficit of about 2.1 million units, with the low and medium income-earning Uganda being the …
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