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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NSSF widens pension coverage with new saving plan Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …
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Court of Appeal’s Justice Steven Kavuma on Monday sent back three jailed former officials of Ministry of Public Service to Luzira prison until they will be alerted that their ruling on bail is ready. Former Permanent Secretary Jimmy Lwamafa, together with Principal Accountant Christopher Obey and Commissioner Compensation Stephen Kiwanuka Kunsa Monday appeared …
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Finance Minister Matia Kasaija will soon convene a stakeholders meeting to deliberate on the latest disagreements over liberalizing the pension sector. The disagreements follow the re-tabling of the Uganda Retirement benefits sector liberalization bill 2011 before parliament seeking to end the monopoly of NSSF and allow private players join …
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The government has reintroduced the Retirements Benefits Sector Liberalisation Bill 2011 to Parliament amidst protests from Worker’s members of parliament and trade unionists. The Bill is aimed at ending the monopoly of the National Social Security Fund as the savings body for workers. The Fund is now worth Shs6 trillion. …
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The Anti-corruption Court has ruled that the three former officials of Ministry of Public Service in the Pensions Scam case are guilty of causing a financial loss to government. Jimmy Lwamafa who was then Permanent Secretary, together with Christopher Obey then Principal Accountant and Stephen Kiwanuka Kunsa then Commissioner Compensation Department, …
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Parliament asked to expedite Pension reforms as bosses defend cautious approach to investment Only days after the National Social Security Fund (NSSF) slashed the interest rate paid to members from 13% to 12.3%, the Fund’s top bosses faced their members at their Annual Members Meeting on Oct.12, writes Patrick Kagenda …
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Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …
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Masaka senior resident judge John Eudes Keitrima has taken the witness stand in a pension case in which city lawyer Bob Kasango with three former officials of the Ministry of Public Service and a high court clerk allegedly stole over sh15bn meant for 6339 pension claimants. Justice Keitrima accused Kasango of using forged documents, that were …
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VIDEO: Pension scheme reforms are long overdue in Uganda. To many, the mention of pension quickly relates to struggles to access it, and many have reportedly been conned in the process of chasing their documents to have their accounts credited. To solve this, the Ministry of Public Service has now decentralized the system …
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The Independent Uganda: You get the Truth we Pay the Price
