New twist in Shs900M compensation of ex NSSF staffer

New twist in Shs900M compensation of ex NSSF staffer

Twist and turns have characterized the Court case between state-controlled social security provider NSSF and former fund employee Pauline Khainza who was awarded Shs 900 million in compensation. The latest development has seen court setting aside the case. Last week, the application by NSSF to set aside the default Judgment that awarded Ms Khainza UGX […]

62 NSSF staff graduate from Kenya’s Strathmore Business School

62 NSSF staff graduate from Kenya’s Strathmore Business School

Sixty-two senior managers and financial experts at National Social Security Fund (NSSF) have graduated from the prestigious Strathmore Business School in Kenya. The graduation ceremony for the participants, who had to go through months of courses and trainings that commenced in April, 2017 to meet the growing demands of the sector that is monopolized by […]

Amid controversy: Kasaija replaces Geraldine Ssali at NSSF

Amid controversy: Kasaija replaces Geraldine Ssali at NSSF

Patrick Ayota, the Chief Finance Officer at the National Social Security Fund has been confirmed by Minister of Finance Matia Kasaija to replace Geraldine Ssali Busuulwa as Deputy Managing Director of the state fund. Ssali’s departure while broadly approved was mired in controversy—though she, herself, was not at the center. Her contract has not been […]

‘NSSF fights due to bad law’

‘NSSF fights due to bad law’

The current National Social Security Fund (NSSF) act which allows the Minister for Finance to appoint the Fund’s board could be the cause of potential clashes among employees. This is according to an analyst who asked to remain anonymous while commenting on the recent firing of the NSSF Deputy Managing Director Geraldine Ssali by the […]

Geraldine Ssali fired from NSSF again

Geraldine Ssali fired from NSSF again

The deputy Managing Director of National Social Security Fund (NSSF), Geraldine Ssali Busulwa  has been sacked, reports say. The dismissal of Mrs. Busulwa, comes a year after President Yoweri Museveni intervened in the leadership wrangles at the state-controlled NSSF, persuading managing director Richard Byarugaba and his deputy to work together. Local news site Eagle on […]

NSSF recovers over Shs1.8 billion through whistleblowers

NSSF recovers over Shs1.8 billion through whistleblowers

The ongoing whistleblower campaign by the National Social Security Fund (NSSF) has recovered over Shs1.8 billion through information provided by over 140 whistleblowers, figures from the Fund show. Last month, the NSSF unveiled a new web-based whistleblower platform for aggrieved employees to report employers who fail to remit their contributions to the Fund, as required […]

Partially privatised Umeme to be a stock exchange giant

Partially privatised Umeme to be a stock exchange giant

A power technician works on a faulty line in Kampala. (File Photo) National power distributor Umeme Ltd has shown again how it is not just a banter company but rather an attractive investment and announced sale of its shares by amounting to 14.3% in a multibillion deal. Umeme in keeping with their obligations under the […]

Sh260billion NSSF Pensions Tower construction to resume

Sh260billion NSSF Pensions Tower construction to resume

National Social Security Fund (NSSF) has assured its members that the construction of the second phase of the Pension Towers will soon be resumed after many years of stagnation. According to the Fund, the bidding process for a contractor will start within the next 12 months. The concern was brought up by some of the […]