Good afternoon Sir. Yesterday you asked for my opinion on the letter NSSF wrote to the Minister with regards to the Covid-19 relief for its members: Paying of 20% of…
Fearmongering or scaremongering is the deliberate act of spreading frightening and exaggerated information with an intention of arousing public fear or alarm about a particular issue. Those who engage in…
“When you are faced by a prospect of famine, your first impulse should not be to go after the only planting seeds you have kept in your granary for the…
The National Social Security Fund has today 31st March 2020, announced measures to allow businesses/employers facing economic distress to reschedule their NSSF contributions for the next three months without accumulating…
Blood donors all over Uganda, collected 1,318 units of blood on the first day of the 5-Day NSSF Blood Drive- roughly 13% of the total target over the 5-day campaign….
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.
The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets,…
The National Social Security Fund (NSSF) has today declared an interest rate of 11% for the Financial Year 2018/2019 to its members, over and above the 10 year average rate…
For every organisation/company, there are 2 sources of revenue/income. There is the mainstream revenue/income that comes from that particular company’s main business such as gross turnover for Fast Moving Consumer…
Despite a 13.1% increase in NSSF’s assets under management, from UGX 10.0 trillion to UGX 11.3 trillion as at 30th June 2019 and despite realized income growing by 20.4% from…
