Tag Archives: nssf

Kampala, Uganda | THE INDEPENDENT | The amount of money that Ugandans contribute to the National Social Security Fund (NSSF) has risen from 1.27 trillion shillings in 2020 to 1.72 trillion in 2023. This contribution comes from up to 2.2 million members. Information obtained from NSSF indicates that this growth in savings …

  Kampala, Uganda | JULIUS BUSINGE | Halfway through the recently launched whistleblower campaign, a nationwide drive aimed at encouraging workers to report employers defaulting on NSSF contributions, the Fund has unearthed over Shs70 billion from reported cases, it said in a notice. Figures released by the Fund recently indicate that …

This move is expected to increase compliance by 3% in the next few months as executives race to grow assets by Shs2tn towards 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has upgraded its web-based whistleblower portal to enable members to report defaulting employers in a seamless …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has disclosed that 15,664 employers are not in compliance with their obligation to contribute funds for their employees, as mandated by the law. The revelation was made by Patrick Ayota, the NSSF Managing Director during a press conference …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has again been recognized for its outstanding financial reporting, winning four accolades at the 2023 Financial Reporting Awards held recently in Kampala. The Fund won the prestigious Silver award, beating over 100 companies that submitted entries to the 12th …

Kampala, Uganda | THE INDEPENDENT |  Savers in the National Social Security Fund (NSSF) from the western region want the Fund to start making investments in their part of the country. During a regional employer meeting at Hotel Triangle in Mbarara City on Tuesday, savers said that the fund has …

Kampala, Uganda | THE INDEPENDENT |  In an effort to bolster Uganda’s entrepreneurial landscape, the Hi-innovator program, a collaboration between the National Social Security Fund (NSSF) and the MasterCard Foundation, is set to provide up to 4.8 billion Shillings in seed capital to 64 businesses. These businesses were meticulously selected …

Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) managing director, Patrick Ayota has asked court to reject his predecessor, Richard Byarugaba’s plea to have his appointment quashed. Ayota told court to put the stability of NSSF above politics in what he described as “unmeritorious cries of a single …

  Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) Managing Director, Patrick Ayota on Thursday asked the court to exercise its discretion in the interest of justice to favor the stability of the fund. He told the High Court Civil Division that it should guard against what …

How former NSSF MD failed to read the room   Kampala, Uganda | IAN KATUSIIME | Former Managing Director of National Social Security Fund (NSSF) Richard Byarugaba on Sept. 27 made his latest attempt at getting back his old job: petitioning the High Court to quash the appointment of his successor …