Patrick Ayota

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

Paul MurungiBanking & Financial ServicesThe Big StoryJune 20, 2025June 20, 2025

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…

Intact on Paper, yet Vulnerable: Audit reveals New Vision’s slow-burning financial strain

CEO East Africa MagazineTechnology & InnovationThe Big StoryJune 20, 2025June 21, 2025

New Vision Printing and Publishing Company Limited remains profitable, solvent, and fully compliant, according to the Auditor General’s 2024 report. Whereas Auditor General Edward Akol gives the media conglomerate a…

Uganda’s 100 Leading and Most Admired CEOs 2024

Muhereza Kyamutetera100 Leading & Admired CEOsC-Suite LeadershipLists & RankingsThe Big StoryDecember 19, 2024January 10, 2026

Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO,…

Patrick Ayota reflects on strategic decisions that drove the Fund’s performance- and the future ahead

Paul MurungiCompany NewsThe Big StoryOctober 1, 2024October 1, 2024

Mr Patrick Ayota’s inaugural year as Managing Director at the National Social Security Fund (NSSF) coincided with the announcement of the Fund’s annual financial performance last week.    Mr Ayota…

NSSF records UGX 2.53 trillion in revenue, savers to get competitive interest rate

Paul MurungiThe Big StorySeptember 17, 2024September 18, 2024

The Nation Social Security Fund (NSSF) has announced its earnings increased by 16% from UGX 2.2 trillion to UGX 2.53 trillion for the Financial Year ended June 30th 2024. The…

Labour Minister Amongi appoints new NSSF Board of Directors 

Paul MurungiThe Big StorySeptember 10, 2024September 10, 2024

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…

NSSF savers reap UGX 80.6 billion dividends from MTN Uganda in three years

Paul MurungiBusiness & MarketsThe Big StoryJuly 4, 2024July 4, 2024

The National Social Security Fund (NSSF) has reaped  a total of UGX 80.6 billion from its investment in MTN Uganda over the last 3 years, following payment of UGX 39.8 billion dividends for the year ended December 31, 2023.  The payment is the largest the Fund has earned from a listed company in the region this year, NSSF Managing Director Patrick…

NSSF hits its 10-year UGX20 trillion assets target, one and a half years ahead of schedule

Muhereza KyamuteteraNews & AnalysisPolitics & GovermentThe Big StoryMarch 5, 2024March 5, 2024

The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit UGX 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule. The Fund…

Banks and pension funds feast on gov’t securities gravy train as businesses get more starved of credit and choked by high interest rates.

Muhereza KyamuteteraThe Big StoryFebruary 19, 2024February 19, 2024

The government of Uganda’s continued uncontrolled borrowing from commercial banks via government securities and at anti-market rates to the detriment of the private sector dominated the greater part of the…

Uganda maintains 4th position in the 2023 Absa Africa Financial Market Index

The CEO Magazine TeamNews & AnalysisThe Big StoryFebruary 6, 2024February 6, 2024

With an overall score of 62.8, Uganda maintained its fourth position out of the 28 African countries measured under the 2023 Absa Africa Financial Market Index (AFMI) – a report…