Tag Archives: nssf

The Directorate of Public Prosecutions has moved to the executive division of the High court in Kampala to have the properties of former permanent secretary Jimmy Lwamafa, former principle accountant Christopher Obey and former director for research and development Stephen Kunsa Kiwanuka confiscated. The trio was found guilty of embezzling …

Jean – Philippe Bittencourt, is the general manager for Sheraton Kampala Hotel. He spoke to The Independent’s Julius Businge on the prospects of Uganda’s hotel industry. How would you describe the 50 years journey of Sheraton Kampala Hotel? It is a landmark in our lives and we will continue to …

VIDEO: Dorcus Inzikuru is back. At least that is what it looked like when the former steeplechase champion dominated the NSSF Kampala Hash 7 hills run today morning. Hundreds took to the 7 hills of Uganda to run and raise money to improve education conditions for the children of Kampala.   Share …

World Bank describes impact on business growth, spending, saving culture. The banking segment is the most visible face of Uganda’s financial sector. So could the bad name it currently carries be hurting individuals and the economy generally? The World Bank Manager in Kampala, Christina Malmberg Calvo, thinks so and she …

The government has reintroduced the Retirements Benefits Sector Liberalisation Bill 2011 to Parliament amidst protests from Worker’s members of parliament and trade unionists. The Bill is aimed at ending the monopoly of the National Social Security Fund as the savings body for workers. The Fund is now worth Shs6 trillion. …

The National Social Security Fund has bought more shares in power distributor Umeme, increasing its stake from 14% to 23 %. NSSF boss Richard Byarugaba said Fund’s decision was in line with “our statutory mandate to invest NSSF members savings for high returns.” He said the Fund has reached an …

Parliament asked to expedite Pension reforms as bosses defend cautious approach to investment Only days after the National Social Security Fund (NSSF) slashed the interest rate paid to members from 13% to 12.3%, the Fund’s top bosses faced their members at their Annual Members Meeting on Oct.12, writes Patrick Kagenda …

Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …

NSSF to pay lower interest rate as economy bites Last year, the National Social Security Fund (NSSF) paid its members an interest rate of 13%, which means that for every Shs 1 million saved, a member got an additional Shs 130,000 credited on the account. This year it could less, …

The assessors in the corruption case against three jailed former officials of Ministry of Public Service accused of irregularly budgeting sh88 billion for NSSF and paying it to ghost pension pensioners, have advised the Anti-Corruption Court to find them innocent and acquit them of all charges. The accused, then Permanent …