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Tag Archives: nssf

NSSF: Minister Amongi blocks UGX 400Bn fraudulent land purchase

Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Betty Amongi has said that she blocked purchase of land in Nakigalala due to variance in costs. Amongi told the select committee investigating the operations of the National Social Security Fund-NSSF, that the Fund had requested for 400 billion Shillings while …

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NSSF’s UGX 6 billion request was legal: Minister Amongi

Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Labour and Social Development, Betty Amongi, has rejected a claim by the board chairperson of the National Social Security Fund (NSSF) that she irregularly requested for Shs6 billion. On Thursday, 02 February 2023, a day after Peter Kimbowa’s allegation before the select …

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NSSF defends its performance and real estate investments

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has defended its performance over the last 10 years before the Parliamentary Select Committee investigating the National Social Security Fund (NSSF) and the appointment of the Managing Director and Deputy Managing Director. The Committee is chaired by Mwine Mpaka, …

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Minister Amongi’s UGX 6 billion request irregular: NSSF Board

Kampala, Uganda | THE INDEPENDENT | A Shs6 billion request by the Minister of Gender, Labour and Social Development, Betty Amongi, to facilitate activities to expand the National Social Security Fund (NSSF) was irregular, the NSSF board chairperson, Peter Kimbowa, has said. He made the revelation while appearing before the select committee …

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Workers’ MPs call for value-for-money audit of NSSF

Kampala, Uganda | THE INDEPENDENT | Workers’ Representatives have called for a reputable international audit firm to carry out a value-for-money audit of the National Social Security Fund (NSSF). Members of Parliament, Arinaitwe Rwakajara, Agnes Kunihira, Margaret Rwabushaija and Abdulhu Byakatonda made this proposal while appearing before the Select Committee investigating …

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NOTU calls for re-evaluation of NSSF real estate investments

Kampala, Uganda | THE INDEPENDENT | The National Organisation of Trade Unions (NOTU) has called for re-evaluation of the real estate investments of the National Social Security Fund (NSSF) to suit the needs of the contributors. The Acting Chairman General NOTU, Musa Okello made the suggestion while appearing before the Select …

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NSSF half-year contributions up 22% to Shs786bn

The Fund Asset size increased from Shs17.65 trillion in July 2022 to Shs17.88 trillion in December 2022 Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund Uganda is on track to achieve its key performance targets for the Financial Year 2022/2023 after savers contributions and realized income grew by …

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NSSF probe starts work, focus expected to be on Amongi letter

Kampala, Uganda | THE INDEPENDENT | Parliament has started its investigation into the corporate governance structures of the National Social Security Fund (NSSF). The Members of Parliament (MPs) will not only examine the circumstances surrounding the appointment of the fund’s managing director Richard Byarugaba, but also evaluate the status and safety …

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Parliament names select committee to probe NSSF

  Kampala, Uganda | THE INDEPENDENT | Mbarara South Division Member of Parliament, Hon. Mwine Mpaka was named Chairperson of the select committee to investigate operations and management of the National Social Security Fund (NSSF). The other committee members include are Workers’ Representative, Charles Bakkabulindi, Karim Masaba (Indep., Industrial Division Mbale …

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Ayota downplays political influence fears into NSSF operations

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF is on the way to achieving above the target set for the year 2022/2023, according to the Acting Managing Director, Patrick Ayota. The bright outlook is based on the performance over the last six months. The Fund’s records show that …

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