Tag Archives: Savings

Kampala, Uganda | THE INDEPENDENT | The Speaker Anita Among, has directed the Minister of Gender, Labour and Social Development, Betty Amongi to present a statement on the current status of the National Social Security Fund (NSSF). NSSF, whose portfolio stands at Shs17.9 trillion has recently been marred with allegations of corruption …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance (General Duties), Henry Musasizi has affirmed that savings in the National Social Security Fund (NSSF) are safe. Musasizi made this assurance as he appeared before the Committee on Finance alongside the Minister for Gender Labour and Social Development, Betty Amongi, and …

Kampala, Uganda | THE INDEPENDENT |  The Speaker of Parliament, Anita Among, has tasked the Minister of Finance, Planning and Economic Development and other stakeholders to find a lasting solution to the challenges affecting the growth of microfinance and saving groups in the country. She said as a country, there …

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 …

Kampala, Uganda | THE INDEPENDENT | More than 90 percent of Ugandans who hold a bank account do not keep more than sh1 million at any one time on their accounts, an indication of the low savings levels in the country. There are an estimated 14 million bank accounts in …

Kampala, Uganda | THE INDEPENDENT | Groups and Savings and Credit Cooperative Organisations, SACCOs that have utilized funds under the Emyooga program, will be rewarded with another 20 Million Shillings as seed capital. This is aimed at encouraging good practices among beneficiaries of the presidential wealth creation program launched in 2019 to …

Kampala, Uganda | THE INDEPENDENT | The National Social Social Security Fund-NSSF together with the Ministry of Gender have pledged to expedite a statutory instrument that will ease access to savings by Ugandan workers. The commitment follows the enactment of the NSSF (Amendment) Bill which was assented to by President Yoweri …

Bududa, Uganda | THE INDEPENDENT | Youth leaders of Mabono sub county, Bududa district are demanding their Emyooga savings after failing to benefit from the program. The Emyooga initiative is aimed at enhancing wealth and creating jobs for the people of Uganda which saw every constituency financed with 30 million shillings …

Kampala, Uganda | THE INDEPENDENT | The National Council for Disability has proposed an amendment to the National Social Security (NSSF) Bill, 2021, to allow persons with disabilities to access half of their savings at 40. The bill which had been passed by the 10th parliament allowed persons with disabilities access …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has formally written to the Speaker of Parliament returning the National Social Security Fund Bill, 2019 with proposals for amendment. Oulanyah revealed the contents of Museveni’s letter dated 26th August, 2021 during the Tuesday plenary sitting saying that he had received …