Kampala, Uganda | THE INDEPENDENT | There was a fall in the value of demand for and subsequent payout of retirement benefits by Ugandans over the last year, at least according to the National Social Security Fund. There had been increasing payout amounts over the last three years, in addition to …
Read More »NSSF reports decline in applications for benefits
Kampala, Uganda | THE INDEPENDENT & URN | The National Social Security Fund (NSSF), has reported a drop in the number of savers seeking to withdraw their accrued benefits across all categories. The fund on Tuesday presented its performance report for the year ending 30th June 2024. From the report, it …
Read More »David Ogong appointed new NSSF Board chair
Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Labour, and Social Development Betty Amongi has appointed a new Board of Directors for the National Social Security Fund (NSSF) for a 3-year term effective September 01, 2024. David Ogong has been appointed the new chairperson, succeeding Peter Kimbowa …
Read More »Seven small businesses receive $20,000 seed funding
The Hi-Innovator initiative seeks to elevate enterprises that typically struggle to attract traditional investment, with a particular focus on women and youth-owned businesses Kampala, Uganda | THE INDEPENDENT | Seven small businesses have secured seed funding of approximately $20,000 each through the Hi-Innovator program, a joint initiative by the National Social …
Read More »Al Bayan Media Director remanded over failure to remit NSSF contributions
Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded Aggrey Mugisha, the Director of Al Bayan Media Limited, for failing to remit contributions for his employees to the National Social Security Fund (NSSF). Mugisha appeared before the court on Monday afternoon, where six counts were read …
Read More »NSSF earns Shs 80.6 billion from investment in MTN Uganda
This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …
Read More »NSSF reaps big from MTN, surpasses 2023/2024 targets
Kampala, Uganda | THE INDEPENDENT | The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note, having surpassed their set targets. The Fund’s Managing Director, Patrick Ayota said a preliminary analysis shows that performance on the key indicators will surpass annual targets. “We have …
Read More »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 …
Read More »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 …
Read More »UAP Old Mutual and NSSF Uganda host successful financial education session in Kampala
Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …
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