NSSF Uganda Archives – Page 3 of 5

Patrick Ayota, the Ag. Managing Director NSSF Uganda says the Fund has undergone terrific growth over the last 10 years because management has made more right decisions than wrong decisions.

1 ON 1 WITH NSSF’S PATRICK AYOTA: We have made the best decisions for NSSF, but we are human too. Sometimes we get it wrong, but we learn from our mistakes

Amidst all that’s been happening and all we have heard, people out there want clarity. I know that the first thing you do in the morning is to check the Fund- if

February 24, 2023

CEO Perspectives·The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

MATIA KASAIJA: Betty Amongi’s financial and investment requests to NSSF, were “irregular, outside the law and ill-advised”

Uganda’s Minister of Finance, Planning and Economic Development (MoFPED), Hon. Matia Kasaija, has today told the Parliamentary Committee investigating governance and administration issues in the Fund, that the acts by the Gender,

February 2, 2023

The Big Story

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

February 2, 2023

Business & Markets·Company News·The Big Story

Under the guidance of President Museveni (left), the Prime Minister, Robinah Nabbanja (2nd left) and Minister Among (2nd right) on the reappointment of Richard Byarugaba (right).

Minister Betty Amongi and Prime Minister Nabbanja reach a consensus on the re-appointment of Richard Byarugaba as NSSF Managing Director

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

December 13, 2022

The Big Story

What exactly is Gender Minister, Betty Amongi’s problem with NSSF’s Richard Byarugaba?

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

December 6, 2022

Business & Markets·News & Analysis·The Big Story

Patrick Ayota, reappointed NSSF Deputy Managing Director and caretaker MD gov’t finalises appointment of substantive Managing Director

Patrick Ayota, has been reappointed Deputy Managing Director for Uganda’s National Social Security Fund (NSSF) for a 5-year term, effective 30th November 2022, the Fund has announced. In a statement today, Patrick

December 1, 2022

Company News·The Big Story

In furtherance of the Fund’s digitization strategy which is geared at leveraging new technology to improve efficiencies, continuously enhance customer experience and ultimately make savings a way of life for Ugandans, the Fund in June 2022 launched the NSSF Smart Card. The NSSF Smart Card is a three-in-one membership card that embeds NSSF functionality, bank functionality and a loyalty program. The Fund partnered with a well-established global payment technology/card company – VISA and Centenary Bank, Uganda’s second-largest bank.

How Uganda’s NSSF embraced technology and digitisation to create a UGX17.3 trillion pensions Fund

Uganda’s National Social Security Fund (NSSF) is not only the largest pensions Fund in East Africa, but it is also one of the best-run government parastatals in Uganda and probably one of

September 26, 2022

News & Analysis·The Big Story

Richard Byarugaba, NSSF Managing Director. He advised local suppliers to develop long term business strategies that go beyond just participating in a tender, skilling workforce especially in emerging technologies and management of complex projects and establishing partnerships

NSSF supports local firms to increase their competitiveness

The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the

June 28, 2022

News & Analysis

In the last 12 years, 11 of which have been under Richard Byarugaba, NSSF’s assets under management have grown 9 times (814%), from UGX1.7 trillion in 2009/10 to UGX15.6 trillion.

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

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, and the

June 20, 2022

Business & Markets·Lists & Rankings·The Big Story

NSSF top management, (left-right): Milton Owor, Head of Human Resources And Administration; Edward Senyonjo, Head Of Risk; Fredrick Mayanja, Acting Head Of Operations; Stevens Mwanje, Chief Financial Officer; Geoffrey Barigye, Head Of Internal Audit; Arimi Barbra Teddy, Head Of Marketing & Communications; Richard Byarugaba, Managing Director; Agnes Tibayeita Isharaza, Corporation Secretary; Geoffrey Waiswa Sajjabi, Head Of Business; Gerald Mugabi, Head Of Procurement; Gerald Paul Kasaato, Chief Investment Officer and Patrick Ayota, Deputy Managing Director.

A TEAM: Meet the 11 men and women working with Richard Byarugaba to transform NSSF

The 37-year-old Fund is the largest pension fund in the countries of the East African Community, with assets under management, worth over UGX 15.6 trillion as at the end of 2020/21. In

June 8, 2022

Company News·Lists & Rankings·News & Analysis

NSSF Uganda- Page 3

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