Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …
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Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court has sentenced lawyer Bob Kasango (16 years) , former Public Service officials Jimmy Lwamafa (9), Christopher Obey (14) and Stephen Kiwanuka Kunsa (9) in jail for theft of sh15 billion meant for pensioners. Lwamafa is a former Public Service Permanent Secretary, Obey a former …
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Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court has set December 21st, the day it will deliver judgement in a case where three former officials from Public Service Ministry are charged of defrauding 15 billion shillings pensioners’ money. The officials are Former Permanent Secretary Jimmy Lwamafa, Former Principle Accountant Christopher …
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The project cost goes up 57% to Shs410bn Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund (NSSF) will resume the construction of its Pension Towers on Lumumba Avenue in Kampala before the end of this year. The project was halted nearly seven years ago citing influence peddling in the …
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Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …
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Kampala, Uganda | JULIUS BUSINGE | Mr. Martin A. Nsubuga is the Acting Chief Executive Officer (CEO) at the Uganda Retirement Benefits Regulatory Authority (URBRA). He takes up the position with a wealth of experience to ensure that the gains of the past five years are sustained. He is concurrently serving …
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Kampala, Uganda | THE INDEPENDENT | Government has shelved plans to liberalize the pension sector and will instead amend the National Social Security Fund (NSSF) Act Cap 222. According to the proposals in the National Social Security Fund Amendment Bill, 2018 to be tabled soon in parliament, NSSF will retain its …
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Harare, Zimbabwe | AFP | Zimbabwe’s ousted president Robert Mugabe will get a residence, a car fleet and private air travel as part of a new government-funded retirement package for former leaders, state media reported Thursday. Mugabe will also be entitled to at least 20 staffers including six personal security …
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Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …
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Kampala, Uganda | GODFREY SSALI | Hearing of the pension case in which 15.4billion shillings was erroneously paid to City Laywer Bob Kasango; by former officials of Ministry of Public Service, including jailed PS Jimmy Lwamafa, Principal Accountant Christopher Obey and Commissioner Compensation Department Steven Kiwanuka Kunsa, has been pushed to …
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The Independent Uganda: You get the Truth we Pay the Price