Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund contributions will soon hit Shs9 trillion due to increased compliance and introduction of voluntary contributions, according to the Fund’s Managing Director, Richard Byarugaba. Byarugaba, who spoke during the launch of Fund’s Corporate Centre at Workers House in Kampala, said company’s …
Read More »NSSF in capacity building drive
Kampala, Uganda | THE INDEPENDENT | Uganda’s pension fund plans to equip leadership skills to most of its employees as part of the effort to achieve a Shs20bn target in contribution by 2025. This follows graduation of 132 of its staff on Nov. 08 upon completion of the 8 month leadership …
Read More »NSSF supports KCCA schools with Shs 131 million
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Managing Director, Richard Byarugaba, on Nov. 06 handed over Shs 131 million to Kampala Capital City Authority Executive Director, Jenifer Musisi to use in renovating and improving standards of government schools under the city authority. The amount in question was …
Read More »NSSF hits Sh3 trillion mark
By Julius Businge The National Social Security Fund (NSSF) has recorded Shs3 trillion as its asset base for the period ending November 2012, the Fund’s Managing Director, Richard Byarugaba told a press conference in Kampala on Nov. 6. Byarugaba said over the past 12 months, despite the harsh economic conditions, …
Read More »Reducing NSSF suspense account
By Richard Byarugaba At the end of the 2009 fiscal year, the balance was Shs95 billion, by end of the 2011 it had dropped to Shs28 billion Our attention has been drawn to recent press reports regarding Shs28 billion reported by the Auditor General as being held in a suspense …
Read More »NSSF on the spot
By Peter Nyanzi Extravagance, high expenditure eroding workers’ savings As the NSSF top bosses sing high praises about their financial statements for 2011, financial experts have started punching holes in it. In a statement issued last week, NSSF managing director Richard Byarugaba said for the first time in 10 years, …
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