National Social Security Fund Archives

Uganda Clays has returned to profit, but its recovery remains fragile. Thin margins, weak cash flows, and a UGX 23.6 billion NSSF loan, partly unsecured, highlight underlying risks. As repayments loom in 2028, the company’s ability to sustain growth and meet its obligations will be the true measure of its turnaround.

Deferred Strength: Uganda Clays’ Fragile Recovery and the UGX 23.6b NSSF Exposure

Uganda Clays Limited has returned to profitability. On paper, that statement marks a turning point for one of Uganda’s oldest industrial manufacturers, a company that has struggled in recent years under the

April 18, 2026

The Big Story

MTN Uganda’s rally on the USE continues to create massive wealth for top local investors. NSSF’s stake has surged past Shs1.23 trillion, while chairman Charles Mbire’s 4% holding is now worth about Shs420 billion ($118M) as the share price climbed from Shs312 in November to Shs470.

NSSF Stake in MTN Uganda Shoots to Shs1.23 Trillion in Less Than a Month

MTN’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its large local shareholders, with the telecom’s share price climbing steadily from Shs312 in November 2025 to

March 4, 2026

The Big Story

Kenneth Owera, the newly appointed NSSF Chief Investment Officer, brings deep expertise in pension fund management and capital markets, thereby strengthening the long-term investment strategy and value creation for members.

NSSF appoints Kenneth Owera chief investment officer

The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of expanding it

January 19, 2026

The Big Story

Fresh court summons pull Geraldine Ssali back into the spotlight, as the former star technocrat confronts UGX3.8b Buyaka compensation fraud charges, testing her legacy and public trust once hailed nationwide.

The Rise and Fall of Geraldine Ssali: What Went Wrong?

The Anti-Corruption Court recently issued fresh criminal summons against embattled former Permanent Secretary Geraldine Ssali, directing her to appear and answer charges in the long-running UGX3.8 billion war compensation fraud case. The

November 26, 2025

The Big Story

Balancing Numbers and People: Inside the Leadership Mind of NSSF’s Stevens Mwanje

To understand Stevens Mwanje is to understand the balance between numbers and humanity. A finance professional of 30 years, Mwanje has built a career defined by quiet discipline, strategic clarity, and a

November 14, 2025

Banking & Financial Services·CEO Perspectives·The Big Story

A photo collage of Goodra Tumusiime Behakanira and NSSF Managing Director Patrick Ayota. NSSF is seeking to recover money for the space occupied at a section of the former J&M Airport Road Hotel.

NSSF Seeks Recovery of UGX708 Million in Unpaid Rent from Former Avemar Shopping Mall Owner

The National Social Security Fund (NSSF) is seeking to recover more than UGX708 million in unpaid rent arrears due to Goodra Tumusiime Behakanira. Goodra, a Kampala businesswoman, is the widow of the

September 13, 2025

The Big Story

The rise in the number of elderly Ugandans has been due to a rising life expectance, which according to the 2024 Population and Housing Census, rose to 68.5 years from 63.7 years in 2014.

Silver Lining: Why Eldercare Could Be Uganda’s Next Big Growth Frontier

Uganda is traditionally viewed as one of the world’s youngest nations, with nearly half the population under 18. Yet behind this youthful imagery lies a silent demographic shift: the number of older

September 8, 2025

The Big Story

NSSF Managing Director, Patrick Ayota projects a robust performance at the close of this Financial Year.

NSSF Projects UGX 3 Trillion in Income, UGX 25 Trillion in Assets at Close of Financial Year

The National Social Security Fund (NSSF) is projecting robust performance at the close of the Financial Year 2024/25, with income expected to reach UGX 3 trillion and assets under management forecasted to

June 20, 2025

Banking & Financial Services·The Big Story

(Left to Right) MTN Uganda Chairman Charles Mbire, MTN Uganda chief executive officer Sylvia Mulinge, and MTN Mobile Money managing director Richard Yego, will, on July 2, be part of an extraordinary meeting where shareholders will vote on the proposed spin-off of MoMo, the Fintech unit from the telco, MTN Uganda.

Spinning off value? MoMo’s exit tests MTNU’s shareholder promise

Uganda’s biggest Fintech, MTN Mobile Money (MoMo), is moving out of the family home. Long treated as just another product line within the telecom’s machinery, MoMo is being carved out into a

June 17, 2025

Banking & Financial Services·Global News·News & Analysis·Technology & Innovation·The Big Story