Tag Archives: pension

Beginning July 1, 2027, public officers will contribute five percent of their monthly salary, while the government will contribute 10 percent to the new Public Service Pension Fund.   Kampala, Uganda | URN | Civil servants will begin contributing to their retirement benefits, marking the end of Uganda’s decades-old non-contributory …

Kampala, Uganda | THE INDEPENDENT | Martin Anthony Nsubuga has resumed his position as Chief Executive Officer (CEO) of the Uganda Retirement Benefits Regulatory Authority (URBRA). He is back following a new five-year tenure handed to him from May 1, 2026, by the Minister of Finance Planning and Economic Development Matia …

The highest interest was 20.4% declared by I&M Bank Staff Scheme, while the lowest was 3% declared by United Bank for Africa staff provident fund.  Kampala, Uganda | THE INDEPENDENT | Uganda’s pensions sector assets have reached an unprecedented UGX 30.7 trillion, up from UGX 25.4 trillion in 2023/24 while the number …

As Uganda’s pension sector expands in scale, complexity, and strategic importance, the conversation around coverage, innovation, and long-term sustainability has never been more urgent. With assets now exceeding UGX 30 trillion and new schemes emerging to serve both formal and informal workers, the industry is undergoing a quiet but decisive …

The greatest risk is not in investing in Africa’s own potential, but in failing to do so Kampala, Uganda | Julius Businge | A continental push is underway to harness Africa’s estimated $700bn in pension assets to fund crucial infrastructure and reduce reliance on foreign debt, senior officials said at the …

Kampala, Uganda | THE INDEPENDENT | Just three months after its launch, the National Social Security Fund’s (NSSF) flagship voluntary savings product, Smartlife Flexi, has surpassed Shs5 billion in savings, with informal sector micro-savers leading the charge. Praised for its flexibility, the product targets informal sector workers and the self-employed, while …

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 …

Kampala, Uganda | THE INDEPENDENT |  An expert at the ongoing 4th Annual Conference of the African Pension Supervisors Association (APSA) in Kampala has said urgent steps need to be taken to reverse a trend in which the continent has only 10% pension coverage of its population. Sundeep Raichura, Group Chief …

  Kampala, Uganda | THE INDEPENDENT |  The Uganda Retirement Benefits Regulatory Authority (URBRA) will on November 27th – 28th host the 4th Annual Africa Pension Supervisors’ Association (APSA) Conference at the Serena Kampala Hotel. APSA is a platform that brings together pension industry regulators and supervisors from across the continent.  …

Rukungiri, Uganda | THE INDEPENDENT | Lawrence Lule Tindamanyire, 80, a retired employee of the East African Community (EAC), is facing financial hardship due to his inability to access his full pension from the government. Tindamanyire, a resident of Karama village, Bunono parish, Nyarushanje sub-county in Rukungiri district, began his …