The NSSF Act now enables the Fund to extend its services beyond traditional employees, allowing informal sector workers and the self-employed to join voluntarily Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) recently announced an 11.5% interest rate for its members, a clear indication that despite challenges, …
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NSSF aims to create more jobs and make saving a way of life ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% 2022 ✅ 09.65% 2023 ✅ 10.00% 2024 ✅ …
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Savers set to earn double-digit return on their contributions for the last financial year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment portfolio, …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price
