Otuke, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has launched its livelihood support project. The initiative is aimed at recruiting informal sector workers to save with the fund. Launched in Otuke district on Friday, the project is currently being piloted in the four districts of Otuke in …
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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 | 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 …
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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, …
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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 …
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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 …
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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 …
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The Fund targets to increase contributors from the current 10% to 50% of the country’s workforce during the same period Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund hopes to increase its assets from the current Shs 18.4 trillion to Shs 50 trillion by 2035, according to the Fund’s …
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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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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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