Thursday , November 14 2019
Home / Tag Archives: pension

Tag Archives: pension

Pension to be largest sector in Uganda

Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …

Read More »

Pension sector assets hit Shs 11.6trillion

Only 14% of the country’s working population has some sort of retirement benefit scheme Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector continues to register growth amidst the bickering over the proposed changes to the National Social Security Fund Act. Latest statistics from the industry regulator, Uganda Retirement Benefits …

Read More »

Kenyan firm joins Uganda’s pension sector

Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …

Read More »

Lawyer Kasango sentenced to 16 years in jail in pension case

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court has sentenced lawyer Bob Kasango (16 years) , former Public Service officials Jimmy Lwamafa (9), Christopher Obey (14) and Stephen Kiwanuka Kunsa (9) in jail for theft of sh15 billion meant for pensioners. Lwamafa is a former Public Service Permanent Secretary, Obey a former …

Read More »

Court sets date for SH15 billion pension case judgement

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court has set December 21st, the day it will deliver judgement in a case where three former officials from Public Service Ministry are charged of defrauding 15 billion shillings pensioners’ money. The officials are Former Permanent Secretary Jimmy Lwamafa, Former Principle Accountant Christopher …

Read More »

Revamping NSSF Pension Towers

The project cost goes up 57% to Shs410bn Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund (NSSF) will resume the construction of its Pension Towers on Lumumba Avenue in Kampala before the end of this year. The project was halted nearly seven years ago citing influence peddling in the …

Read More »

Pension assets nearly double in three years

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

Read More »

Zimbabwe unveils generous Mugabe retirement package

Harare, Zimbabwe | AFP |  Zimbabwe’s ousted president Robert Mugabe will get a residence, a car fleet and private air travel as part of a new government-funded retirement package for former leaders, state media reported Thursday. Mugabe will also be entitled to at least 20 staffers including six personal security …

Read More »