Tag Archives: nssf

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has again been recognized for its outstanding financial reporting, winning four accolades at the 2023 Financial Reporting Awards held recently in Kampala. The Fund won the prestigious Silver award, beating over 100 companies that submitted entries to the 12th …

Kampala, Uganda | THE INDEPENDENT |  Savers in the National Social Security Fund (NSSF) from the western region want the Fund to start making investments in their part of the country. During a regional employer meeting at Hotel Triangle in Mbarara City on Tuesday, savers said that the fund has …

Kampala, Uganda | THE INDEPENDENT |  In an effort to bolster Uganda’s entrepreneurial landscape, the Hi-innovator program, a collaboration between the National Social Security Fund (NSSF) and the MasterCard Foundation, is set to provide up to 4.8 billion Shillings in seed capital to 64 businesses. These businesses were meticulously selected …

Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) managing director, Patrick Ayota has asked court to reject his predecessor, Richard Byarugaba’s plea to have his appointment quashed. Ayota told court to put the stability of NSSF above politics in what he described as “unmeritorious cries of a single …

  Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) Managing Director, Patrick Ayota on Thursday asked the court to exercise its discretion in the interest of justice to favor the stability of the fund. He told the High Court Civil Division that it should guard against what …

How former NSSF MD failed to read the room   Kampala, Uganda | IAN KATUSIIME | Former Managing Director of National Social Security Fund (NSSF) Richard Byarugaba on Sept. 27 made his latest attempt at getting back his old job: petitioning the High Court to quash the appointment of his successor …

The Fund is challenged to create more solutions that will further address social protection in line with the International Labour Organization Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund declared a 10% interest rate for savers for the fiscal year 2022/2023 compared to 9.65% the previous year but …

Kampala, Uganda | THE INDEPENDENT | The High Court has granted Richard Byarugaba, the former Managing Director of the National Social Security Fund-NSSF, permission to amend his petition. He seeks to challenge the appointment of Patrick Ayota, whom he accuses of being ineligible as his successor. The amendment was approved …

✳ 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% URBRA warns of low coverage in the retirement benefits sector and calls for effective policy responses to …

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …