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Tag Archives: nssf

NSSF, UBTS enter new partnership

Kampala, Uganda | THE INDEPENDENT | On June 19, National Social Security Fund in partnership with Uganda Blood Transfusion Services (UBTS) kicked off a blood donation drive to collect over 3,000 units of rare blood types currently in high demand in hospitals. At the launch of the drive, Barbra Arimi, NSSF …

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NSSF sets terms for its future suppliers

The Fund has unveiled business opportunities for FY2023/2024 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has unveiled business opportunities for local firms during the Financial Year 2023/24 which starts next month. These include investments in real estate, insurance services, advertising and promotions, information technology systems, consultancies, and …

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NSSF to sink sh1.761Trillion for procurement next financial year

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has allocated a budget of Shillings 1.761 trillion for the procurement of various services and equipment in the upcoming financial year 2023/24. The money includes expenditures related to new real estate projects, consultancy works, insurance services, office furniture, …

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NSSF earns Shs31.5 bn dividend from MTN Uganda

Kampala, Uganda | JULIUS BUSGINGE  | The National Social Security Fund has earned a total of Shs31.5billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda, East Africa’s largest national savings fund by value, invested Shs360 billion in December 2021 to acquire …

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NSSF sets new date for employer registration

Over 1400 new employers registered since the start of the drive in March Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. The non-compliant employers will thereafter be …

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Regulators call for pension-type NSSF to protect retirees

Kampala, Uganda | THE INDEPENDENT | Financial industry regulators have called for a review of the pension sector regulations to enable retirees to continue benefiting from the retirement benefits fund even after retirement. Currently, on attaining the required qualifications for receiving the benefits, the savers receive all that is due …

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NSSF put unregistered employers on notice

More than 50,000 employers have been given a 30-day deadline to pay contributions Kampala, Uganda | JULIUS BUSINGE | Uganda’s employers irrespective of the number of workers employed have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for their employees. NSSF acting …

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MPs caution against commercialisation of Pensions Fund

Kampala, Uganda | THE INDEPENDENT | The Committee of Public Service and Local Government has cautioned the Minister of Public Service, Hon. Muruli Mukasa against commercialisation of the Pensions Fund saying this may lead to recurrence of the challenges faced by the National Social Security Fund (NSSF). The minister appeared …

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