NSSF Performance

ON THE SPOT: Gender, Labour and Social Development Minister, Hon Betty Amongi Ongom is on the spot for abuse of office, bordering on corruption.

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

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 and Social
March 2, 2023
Patrick Ayota, the Ag. Managing Director, told Parliament that the Fund has grown consistently across all fundamentals. This, he attributed to sound governance and a sustainable investment strategy.

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

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 circumstances surrounding
NSSF Managing Director Patrick Byarugaba (left) and Deputy Managing Director Patrick Ayota address the media last year. The Fund's management has warned that due to Covid-19 related economic stress, last year's double digit interest rates may not be sustained.

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

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 the COVID-19
September 24, 2020

 

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