Majority of the Fund’s retirees are making wrong investment decisions Kampala, Uganda | JULIUS BUSINGE | It is now evident that savers need advice on how to invest their long time savings as they transition to retirement, according to Richard Byarugaba, the managing director of the National Social Security …
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Kampala, Uganda | THE INDEPENDENT | National Social Security Fund-NSSF is to set up digital libraries in 11 government aided schools across the country. The project will involve the distribution of 40 tablets with a fully-fledged curriculum for O’ and A’ levels to each of the beneficiary schools. While unveiling …
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Kampala, Uganda | THE INDEPENDENT | Government has allocated 627 Billion Shillings to capitalize seven banks. The banks include Uganda Development Bank (UDB) with 103 billion, Housing Finance Bank 30 billion, Post Bank 4.7 billion, International Development Bank 2 billion, Trade Development Bank 2.5 billion and Africa Development Bank (ADB) …
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Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
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Kampala, Uganda | THE INDEPENDENT | Workers Representative Dr. Sam Lyomoki has secured leave of parliament to table the National Social Security Fund Amendment Bill, 2019 by way of private member’s Bill. The bill seeks to amend the NSSF Act, 1985. Parliament granted Lyomoki leave on Tuesday after the Deputy Speaker …
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Kampala, Uganda | THE INDEPENDENT | Most subscribers to the National Social Security Fund-NSSF are reluctant to update their details. The NSSF Managing Director, Richard Patrick Byarugaba disclosed this during their Western Region Client’s meeting in Masaka on Tuesday. He explained that their records show that only 36 percent of …
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Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …
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Kampala, Uganda | THE INDEPENDENT | Workers Member of Parliament, Dr. Sam Lyomoki has sought leave of parliament to table the National Social Security Fund Amendment Bill, 2019 by way of private member’s Bill. The bill seeks to amend the NSSF Act, 1985. In his motion of parliament, Lyomoki argues …
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Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) is seeking to recover over Shs160 billion following the announcement of a grace period of three months for all employers that have not remitted employees’ social security contributions to agree a payment plan. In exchange, the Fund will …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament plan to table a Bill to amend the National Social Security Fund (NSSF) Act of 1985 to allow workers’ access their savings before the age of 50. The Act currently provides that a member of the Fund shall be entitled to benefits …
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The Independent Uganda: You get the Truth we Pay the Price
