OPINION: Despite a tough operating environment, NSSF delivered solid performance beyond expectations- Richard Byarugaba Richard Byarugaba has been NSSF’s Managing Director since late 2010. Slightly over one year into his leadership, he rebranded the Fund with a promise to deliver a better future for NSSF’s growing membership by providing quality products, great customer service, and offering competitive returns in a transparent and efficient environment. It is now 8 years since the rebranding and facts on the ground indicate a promise fulfilled. In the 8 years, NSSF has grown by 5 times from UGX2.7 trillion in 2011/12 to UGX13.3 trillion in 2019/20- a growth of 384.2 %. More importantly, as a result of prudent investments, interest paid to members has grown from UGX197 billion to UGX1.12 trillion- a growth of 469 percent. On the back of what is an against-the-odds 2019/20 performance, in this opinion, Richard Byarugaba says thanks to an inbuilt resilience, the Fund is on course to overcome the Covid-19 rattling and get back on its growth path.

Richard Byarugaba, NSSF Uganda Managing Director