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March 15, 2026
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    NSSF Performance

    NSSF PROBE: Parliament wants Minister Amongi to resign, the board to be sacked, senior management probed further and NSSF taken back to Finance Ministry

    Muhereza KyamuteteraThe Big StoryMarch 2, 2023March 2, 2023

    The Parliamentary Select Committee on the state of affairs at Uganda’s National Social Security Fund (NSSF) has released its anxiously-awaited report, recommending that among others, the Minister of Gender, Labour…

    NSSF has grown 10-fold in 12 years: Management defends Fund performance and real estate investment strategy before Parliament Committee

    Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryFebruary 2, 2023February 2, 2023

    The National Social Security Fund (NSSF) has defended its performance over the last 10 years before the Parliamentary Select Committee investigating the Fund. The committee is among others examining the…

    NUMBERS DON’T LIE: 10 graphs that tell 11 years of Richard Byarugaba at NSSF

    Muhereza KyamuteteraBusiness & MarketsLists & RankingsThe Big StoryJune 20, 2022October 5, 2023

    Many of them failed to complete their terms, largely to poor management and subsequently poor performance. Others are serving prison terms due to integrity issues. It was not until 2010,…

    COVID-19 hurts NSSF earnings; management warns, last year’s double-digit interest rates may not be sustained

    Muhereza KyamuteteraThe Big StorySeptember 24, 2020September 24, 2020

    Despite a 17 percent growth in revenues, the National Social Security Fund (NSSF) has warned, it is unlikely to pay members a double-digit interest rate due to the impact on…

    RICHARD BYARUGABA- the man who restored the “Security” in the National Social Security Fund of Uganda

    Muhereza KyamuteteraBanking & Financial ServicesC-Suite LeadershipThe Big StoryDecember 2, 2019December 2, 2019

    For argument’s sake one can always dismiss Richard Byarugaba’s performance at National Social Security Fund (NSSF)- afterall the employers have no choice but to contribute; it is a statutory obligation. But that statutory obligation had always existed since 1985 when the Fund was founded by an Act of Parliament, but the kind of double digit growth present at the Fund was not always there. Neither has NSSF ever enjoyed the kind of scandal-free calm and stability, like has been witnessed especially in the last 5 years.

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