All retirement benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe | “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …
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Libya stopped funding the telecom company five years ago and instead Ugandan government took over its management | THE INDEPENDENT | On Aug.08, Uganda’s Court of Appeal overturned the High Court decision directing the National Social Security Fund to refund Uganda Telecom Shs14bn contribution belonging to former employees. This verdict …
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Assets under management have increased from Shs4tn in 2014 to Shs20tn but sector players want Ugandans to save more Kampala, Uganda | JULIUS BUSINGE | As the Uganda Retirement Regulatory Authority continues to celebrate its 10-year anniversary, experts have challenged its executives to support innovations in the sector so as …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s Retirement Benefits Sector is yet to expand coverage to all working citizens to enable them save for retirement, with confidence and without coercion. Currently, only 2.8 million Ugandans are covered under a retirement plan, with the majority of them under the mandatory NSSF. …
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Kampala, Uganda | THE INDEPENDENT | Pension sector leaders continue to be divided on how best to manage the savings made by Ugandans for their old age, 10 years after the retirement benefits industry was formalized with specific laws. By January 2022, there were at least 64 schemes licensed by the …
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The company is eying regional markets including Kenya, Burundi, Northern Tanzania, DRC and South Sudan Kampala, Uganda | ISAAC KHISA | Uganda Clays Ltd will invest Shs 17.8billion to acquire more land with clays and boost production amidst the escalating competition in the baked clays products market. Martin Kasekende, the …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has warned that their investments projects, especially in real estate will slow down from the pace that was exhibited in the previous year, due to the dwindling cash reserves. The Fund’s cash availability has reportedly been affected by the implementation …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance payments for high …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) Board Chairman Dr. Peter Kimbowa has asked MPs to embrace creation of alternative sources of income and ensure proper monetary discipline measures if they are to become financially independent. “The new poor are the immediate former MPs …
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NSSF in partnership with VISA and Centenary Bank unveiled the smartcard for its member, a first in Sub-Saharan Africa. Thembeka Ngugi, Senior Director, Marketing – Sub Saharan Africa, Visaspoke to The Independent about the latest innovation and the digital transaction space. ****** What does this partnership between VISA, NSSF and …
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