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The Minister of Gender, Labour, and Social Development Hon Betty Amongi has appointed a new Board of Directors for the National Social Security Fund (NSSF) for a 3-year term effective September 01, 2024. Dr. David Ogong has been appointed the new Chairperson, replacing Dr Peter Kimbowa whose 3- year tenure elapsed on September 01, 2024. The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi also joins the Board, replacing Patrick Ocailap. Richard Bigirwa also joins as a worker’s representative under the National Organisation of Trade Unions (NOTU), replacing Lwabayi Mudiba Hassan. The Minister also reappointed Aggrey David Kibenge representing…
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Billionaire Ugandan businessman, Dr. Sudhir Ruparelia who has made a USD1 billion fortune investing in Uganda since the 1980s, will be a keynote speaker at this year’s, 14th UK-Uganda Annual Trade Investment Summit, 2024. He will be speaking about how to unlock the various business opportunities in Uganda and how to unlock them. This year’s event shall take place on the 6th of September 2024 at The Mayfair Hotel, London under the theme: “Accelerating Growth Through Partnerships for Global Market Expansion in East Africa”. Other notable speakers from Uganda include Hon Matia Kasaija, Minister of Finance, Planning and Economic Development,…
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The Minister of Gender, Labour and Social Development, Betty Amongi has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a recommendation from the NSSF Board of Directors after a rigorous recruitment process, according to a statement signed off by Dr. Peter Kimbowa, Chairman of NSSF Board of Directors. Mr Kasaato has been the Acting Deputy Managing Director since August 2023, and Chief Investments Officer since April 2014. He joined the Fund in July 2011 as Portfolio Manager, Equities. He previously worked as Finance and Investments Manager…
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The re-appointment of Richard Byarugaba as Managing Director of Uganda’s National Social Security Fund (NSSF), the UGX17.3 trillion pensions Fund, appears close as Hon Betty Amongi, the Gender, Labour and Social Affairs Minister has reached a consensus with the Prime Minister, Rt Hon. Robinah Nabbanja over the matter. Minister Amongi had previously held back over a number of reservations, including that Mr. Byarugaba had reached 60 years, the official retirement age for civil servants. However, the Attorney General, the official government advisor on interpretations of laws, had advised that the high-performing NSSF Managing Director was not a civil servant and…
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Under the new National Social Security Fund (Amendment) Act 2022, the National Social Security Fund (NSSF) was put under the dual supervision of the ministries of Gender, Labour and Social Development on one hand and Finance, Planning and Economic Development on the other. The former would take the lead on supervising the social security component of the Fund while the latter, would supervise matters of finance and investments. This reversed years of management by the finance ministry, under whose regime the Fund has seen a scandal-free rapid growth, compared to the pre-2010 scandals, when the fund was under the gender…
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Trade Minister Amelia Kyambadde and ministers for Kampala Betty Amongi and Benny Namugwanya have today held a meeting with arcade owners at the office of the Prime Minister to forge a way forward on the re-opening of arcades which were closed by President Yoweri Museveni in the fight against the spread of Covid-19. Some of the arcade owners who were present for the meeting include City tycoon and property mogul, Dr. Sudhir Ruparelia and businessman Hamis Kiggundu among others. “The inspection team has inspected 77 properties and out of them, there are 48 that have been cleared and I think…
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