Friday , March 29 2024
Home / Tag Archives: Patrick Ayota

Tag Archives: Patrick Ayota

NSSF Report: Savers are spending benefits on education, land

Kampala, Uganda | THE INDEPENDENT | A recent National Social Security Fund- NSSF beneficiary survey report indicates that savers are spending their benefits on non-income-generating expenses, such as education, constructing residential homes, and acquiring land. According to the report, the expenditures come at the expense of ensuring a decent standard of …

Read More »

NSSF assets hit a record Shs 20 trillion

The scheme’s MD Patrick Ayota says  he is confident the Fund will achieve its strategic objectives as scheduled Kampala, Uganda | THE INDEPENDENT | Uganda’s national savings scheme, National Social Security Fund (NSSF), has hit Shs 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, …

Read More »

Reject Byarugaba’s plea, NSSF boss Ayota tells court

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 …

Read More »

NSSF revenues up 15% to Shs2.2tn

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Ayota downplays political influence fears into NSSF operations

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF is on the way to achieving above the target set for the year 2022/2023, according to the Acting Managing Director, Patrick Ayota. The bright outlook is based on the performance over the last six months. The Fund’s records show that …

Read More »