I understand the Finance, Planning and Economic Development Committee which you chair, together with the Gender, Labour and Social Development Committee are spearheading the process to amend the NSSF law….
Preliminary reports from Parliament, indicate that MPs on the Gender, Labour and Social Development and the Finance, Planning and Economic Development committees have agreed to a revision in the current…
Dear Esteemed Member, The global outbreak of COVID-19 has disrupted all economies around the world. The rapid spread of the virus has posed massive health, economic and social challenges to…
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…
Ugandans have been urged to join the NSSF National Blood Donation Drive taking place across the country to prevent a shortage during the school holidays. “Uganda’s healthcare system, uses about…
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,…
