Kampala, Uganda | THE INDEPENDENT | Lack of adequate infrastructure and the high cost of land are keeping the cost of housing high, even as the developers have plans for low-cost houses. Uganda has a housing deficit of about 2.1 million units, with the low and medium income-earning Uganda being the …
Read More »NSSF unveils UGX 800 billion procurement plan
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF has invited local suppliers to take up opportunities worth 826 Billion Shillings that it plans to spend on procurement for products and services in the year 2021/2022 financial year. The planned projects include real estate, which will take 779 billion …
Read More »NSSF, Monitor career expo targets 4000 university students
Kampala, Uganda | JULIUS BUSINGE | The 10th NSSF-Monitor Career Expo is set to begin tomorrow and will go on for three days virtually, the NSSF Managing Director Richard Byarugaba and Nation Media Group Uganda Managing Director Tony Glencross told reporters earlier today (March 23). The two executives said COVID-19 pandemic preventive …
Read More »NSSF takes on agency service model to expand reach
Kampala, Uganda | THE INDEPENDENT | Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system. NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …
Read More »NSSF pays savers 10.75% as gov’t rejects mid-term access
Kampala, Uganda | THE INDEPENDENT | Savers with the National Social Security Fund will get an additional 10.75 percent of the value of their total savings held as at July 2020 in form of annual interest. This follows the surprise declaration of the interest rate for the year by the Minister …
Read More »NSSF interest may dip to single digit
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund forecasts it will pay members less than 10 percent interest down from the double-digit interest rate that it has paid over the last several years after their operations were adversely affected by the COVID-19 pandemic. The final interest rate …
Read More »Development bank donates medical supplies to 60 hospitals
Kampala, Uganda | THE INDEPENDENT | Julius Businge | As part of its Covid-19 Emergency Response Programme (CERP), the Eastern and Southern African Trade and Development Bank (TDB) has donated different types of locally-procured medical supplies, medical equipment and personal protective equipment (PPE) to 60 hospitals. In a statement shared recently, the …
Read More »NSSF, Finance Ministry sabotaging midterm access-Lyomoki
Kampala, Uganda | THE INDEPENDENT | The Workers MP Sam Lyomoki has said there are plans to sabotage the National Social Security (NSSF) amendment Bill 2019 that seeks to allow for midterm access to members savings. The bill among other things proposes for midterm access for savers of 45 years …
Read More »Activist petitions Constitutional court over NSSF monopoly
Kampala, Uganda | THE INDEPENDENT | An activist has petitioned the Constitutional court to declare that a compulsory requirement that employees must register and save their retirement money with only the National Social Security Fund (NSSF) is illegal and limits people’s freedom of choice and democracy. The petition is filed by …
Read More »Officials want NSSF name changed
Kampala, Uganda | THE INDEPENDENT | Officials in the pension sector are debating the idea to change the name of National Social Security Fund (NSSF) because ‘the way it is now’ doesn’t speak to what the fund is. Martin Nsubuga, the executive director of the Uganda Retirement Benefits Regulatory Authority (URBRA), …
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