Kampala, Uganda | JULIUS BUSINGE | Mr. Martin A. Nsubuga is the Acting Chief Executive Officer (CEO) at the Uganda Retirement Benefits Regulatory Authority (URBRA). He takes up the position with a wealth of experience to ensure that the gains of the past five years are sustained. He is concurrently serving …
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Kampala, Uganda | THE INDEPENDENT | Government has shelved plans to liberalize the pension sector and will instead amend the National Social Security Fund (NSSF) Act Cap 222. According to the proposals in the National Social Security Fund Amendment Bill, 2018 to be tabled soon in parliament, NSSF will retain its …
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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 …
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Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …
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Kampala, Uganda | GODFREY SSALI | Hearing of the pension case in which 15.4billion shillings was erroneously paid to City Laywer Bob Kasango; by former officials of Ministry of Public Service, including jailed PS Jimmy Lwamafa, Principal Accountant Christopher Obey and Commissioner Compensation Department Steven Kiwanuka Kunsa, has been pushed to …
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Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has declared 11.23% interest rate on members’ savings for the financial year 2016/2017, lower than the 12.3% paid out for FY2015/2016. Officials said the lowering of interest rate was because of a bad economy that affected its …
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Geneva, Switzerland | AFP | Swiss voters rejected on Sunday a divisive pension reform plan that the government proposed to address the needs of an ageing population. The final results showed 52.7 percent of voters said no to changes to the current system which would have raised women’s retirement age by …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Education and Sports has given all pensioners who were not validated by Ministry of Public Service up to July 28 to seek its clearance or else they will be deleted from the pension payroll with effect from 1st August. According to a statment from the Permanent Secretary, Ministry …
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Kampala, Uganda | SSALI GODFREY | Ailing convicted former Commissioner Compensation Department in the Ministry of Public Service, Stephen Kiwanuka Kunsa has re-applied for bail before the Anti-corruption court, saying he cannot handle prison conditions yet he appealed the court’s decision. Through Isabirye and Company Advocates, Kunsa argues that he is …
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Survey shows regional institutional investor base expanding due to favourable demographics Africa Renewel | JOHN SCHELLHASE | Capital markets, where money from savers is put into long-term investments, can contribute significantly to socio-economic development if they invest in productive projects and enterprises. But small size and market illiquidity can undercut …
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The Independent Uganda: You get the Truth we Pay the Price
