The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Labour, and Social Development Betty Amongi has appointed a new Board of Directors for the National Social Security Fund (NSSF) for a 3-year term effective September 01, 2024. David Ogong has been appointed the new chairperson, succeeding Peter Kimbowa whose 3-year tenure elapsed on September 01, 2024.
The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi also joins the Board, substituting Patrick Ocailap. Richard Bigirwa also joins as a workers’ representative under the National Organisation of Trade Unions (NOTU), replacing Lwabayi Mudiba Hassan.
The Minister also reappointed Aggrey David Kibenge representing the Ministry of Gender, Labour & Social Development. Silver Mugisha and Annet Mulindwa Nakawunde have also been re-appointed and will represent employers under the Federation of Uganda Employers (FUE).
Other appointees are Sam Lyomoki and Penninah Tukamwesiga represent workers under the Confederation of Free Trade Unions (COFTU), and Annet Birungi, also representing workers under the National Organisation of Trade Unions (NOTU). Patrick Ayota, the NSSF Managing Director will continue to serve as an executive member of the Board.
Addressing the new Board at an inauguration ceremony in Kampala today, Among said, “I would like you to pay attention to Section 4 (4) of the NSSF Act, which says that “the Board shall ensure that there is secure, profitable, and effective financial management of the Fund for the benefit of the workers and the country at large. It is now your responsibility to keep the tradition of excellence that the Fund has enjoyed over the years,” she said.
Speaking about his appointment, Ogong pledged to ensure that the track record of exemplary performance of the Fund over the years is maintained. “We will be pressing you (management) for accountability to achieve our vision,” he said.
This morning, the Honourable Minister of @Mglsd_UG, @BettyAmongiMP, inaugurates a new Board of Directors for the National Social Security Fund in accordance with Section 3 (1) of the National Social Security Fund Act (Cap 230) for three years, effective September 1, 2024, marking… pic.twitter.com/4XsNXEz2Cd
— NSSF Uganda (@nssfug) September 10, 2024
NSSF Managing Director Patrick Ayota welcomed the new appointments and re-appointment of the Board members. “The newly appointed members will bring immense experience, while the re-appointed members of the Board ensure that there is continuity and a smooth transition from the 12th to the 13th Board,” Ayota said.
The 12th Board, among other things, ensured the Fund’s Assets Under Management grew from Shs17tn effective Sept.1, 2021, to slightly over Shs22tn on Sept.1, 2024.
Who is David Ogong
David Ogong is a seasoned senior strategy, planning, and regulatory executive with over 15 years of experience driving growth and expansion in the communications industry and capital markets in Uganda.
Previously, he served as the Director of Market Supervision at the Capital Markets Authority (CMA). Before joining CMA, he served as Director of Competition & Corporate Affairs / Consumer Affairs and Director of Finance & Information Technology at the Uganda Communications Commission (UCC).
He holds a Global MBA from Oxford Brookes University (UK), an MSc in Accounting & Finance, and BA in Accounting & Finance from London South Bank University (UK).
He is also a fellow of the Association of Chartered Certified Accountants (FCCA), UK and a member of the Institute of Chartered Public Accountants of Uganda (ICPAU), and a Fellow of Association of Chartered Certified Accountants (UK)
He is also a Fellow of the Association of Chartered Certified Accountants (UK) and a member of the Institute of Chartered Public Accountants of Uganda (ICPAU).
