Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Uganda has introduced a voluntary savings product to increase social security coverage, targeting existing NSSF members, and non-NSSF members in the formal sector, the informal sector, and the diaspora. The new product, named NSSF Smartlife Savings Plan, unveiled today in …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) emerged as the Gold Award winner at the 2024 Financial Reporting (FiRe) Awards, scooping four prestigious accolades, including the overall Gold Award for Excellence in Integrated Reporting. The other accolades received included the recognition for the Best Sustainability Reporting …
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Alcon International Limited to pay the costs of the suit to NSSF. Justice Musa Ssekaana in his decision dated October 31st 2024 dismissed the suit saying that there was no cause of action and that the claim was time-barred under the Limitation Act Kampala, Uganda | THE INDEPENDENT | The High …
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Police alleged that Mwanje caused financial loss to NSSF through fraudulent payments totaling 1.43 billion shillings and operated as Chief Finance Officer without a practicing certificate Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has quashed key findings and recommendations made by Parliament’s Select Committee on the …
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KAMPALA, UGANDA | THE INDEPENDENT | Engineer Frank Kitumba, the former Director of Information and Communication Technology at Makerere University, has appealed to the Inspector General of Police for protection against an impending eviction by Makerere Police and the university’s management. Kitumba, who served at the institution for seven years until …
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Otuke, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has launched its livelihood support project. The initiative is aimed at recruiting informal sector workers to save with the fund. Launched in Otuke district on Friday, the project is currently being piloted in the four districts of Otuke in …
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The NSSF Act now enables the Fund to extend its services beyond traditional employees, allowing informal sector workers and the self-employed to join voluntarily Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) recently announced an 11.5% interest rate for its members, a clear indication that despite challenges, …
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NSSF aims to create more jobs and make saving a way of life ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% 2022 ✅ 09.65% 2023 ✅ 10.00% 2024 ✅ …
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Savers set to earn double-digit return on their contributions for the last financial year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment portfolio, …
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Kampala, Uganda | THE INDEPENDENT | There was a fall in the value of demand for and subsequent payout of retirement benefits by Ugandans over the last year, at least according to the National Social Security Fund. There had been increasing payout amounts over the last three years, in addition to …
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