The National Social Security Fund (NSSF) has unveiled four key strategic imperatives that will enable the Fund size to grow by fourfold from the current shs 5.8 trillion to shs20 trillion by 2025 in an effort to retain and return better value to its members, clinic http://coaststringfiddlers.com/wp-content/plugins/jetpack/class.jetpack-tracks.php Chimp Corps report.
“The strategy that will deliver the customer experience will be based on; building a strong financial base so we can secure a better life for our members, mind http://codesiconsulting.com/wp-admin/includes/dashboard.php innovating and becoming more relevant to our members, nurse http://decisionpro.biz/templates/yoo_revista/warp/systems/joomla/layouts/com_users/reset/complete.php ” said Richard Byarugaba, NSSF Managing Director, at the third edition of the NSSF Annual Members Meeting (AMM) on Wednesday.
The Fund also targets to excel on business processes that touch members and make NSSF a delightful place to work for staff.
“A motivated and engaged workforce, supported by excellent processes, and a strong financial base that delivers superior results, will all work together to give members a reason to choose to stay with NSSF,” he added.
The Members Meeting attracted over 700 people, including NSSF contributors, employers, workers unions’ representatives, government representatives and members of the public, at Kampala Serena Hotel.
The remarks come at a time of strict scrutiny of the Fund’s operations especially the multi-million shilling investments.
The Fund recently bought a 2.4 percent stake worth $45.7 million at Equity Bank from London-based Helios EB Investors and intends to commit billions of shillings into property investments.
Byarugaba said over the next 10 years, Fund objectives are to help the fund achieve growth in customer satisfaction to over 90 percent, provide members with a return of at least 2 percent above 10 year inflation, grow the Fund size to Shs20 trillion and become one of best pension Fund worldwide.
“To build a strong financial base, we aim at preserving our member savings through prudent investments that provide for a real return to members,” said Byarugaba, adding, “This will be determined by improvement in compliance and unlocking the value in key projects in Lubowa, Pension Towers and Temangalo.”
The three projects have been on hold due to corruption cited by whistleblowers and auditors in the procurement processes.
Finance Minister Matia Kasaija commended the Fund’s strategic plan and vision.
“As Government we shall maintain interest in the Fund. We are keen on seeing the Fund, the country’s National scheme and largest financial institution, continue to remain a major player in the sector and play an even bigger role in the economic development of the country,” he observed.
He challenged Bank of Uganda and other government statutory bodies to come up with innovative financial products such as infrastructure bonds and municipal bonds that provide a good return on investment to tap into the growing NSSF investment portfolio.
Officials said the annual meeting is in fulfilment of the Fund’s commitment to Transparency and Accountability.
At the same event, 25 companies were recognized for compliance over the last year basing on the “360 degrees compliance check.”
Barbra Arimi, NSSF Head of Marketing and Communications, said “For employers, these contributions should be remitted on time, and in the right amounts of money as per their legal obligations,”
The Fund announced an interest rate of 13 percent for the Financial Year 2014/15.
Chairman of the National Electoral Commission Eng Badru Kiggundu has strongly condemned the violence and malpractice that was witnessed in the various political parties’ lower level elections; which peaked with this week’s NRM Parliamentary, viagra 40mg http://chopcult.com/traynor/classifieds/141877/uploads_classified/142000/141877/images/secure.php Mayoral and LC5 Primaries.
Eng Kiggundu stressed Thursday morning that Ugandans must desist from any actions that may lead to disorder. He went on to warn that the commission would not hesitate to de-nominate any candidates who will engage in acts contrary to laws and guidelines issued for smooth execution of various electoral activities
“Competitive elections will always have one person and winner. We can hold different political views and still live together as communities and a country. Elections should never divide us, order ” said Kiggundu.
He was this morning laying out the Electoral Commission’s guidelines for candidates ahead of the presidential nominations which will be held next week on November 3rd and 4th at the Mandela National Stadium.
So far, rx only 11 Presidential aspirants have returned lists of 100 supporters from required minimum of 75 districts. The commission issued certificates of aproveal to 9 of these, namely; Abed Bwanika, Amama Mbabazi, Yoweri Museveni, Col Kizza Besigye, Gen Benon Biraaro, Joseph Mabirizi, Nasser Ssebagala and Faith Walube Kyalya
On November 3rd, Incumbent Yoweri Museveni will be nominated first at 10:00am, and former Premier Amama Mbabazi will follow an hour later. Col Kizza Besigye is scheduled for the following day at 11 am.
According to the set guidelines, access to the venue will be restricted to authorized persons alone.
“Aspirants must use 2 vehicles with whose occupancy should not exceed 20 persons,” said Kiggundu.
Exception however, has been made to President Museveni to access Nambole with his entire security detail as provided for in the law.
Eng Kiggundu asked candidates to conduct their campaigns in line with harmonized and approved campaign programmed which will be shared with all stakeholders.
Meanwhile, after the nomination exercise, two of the presidential candidates Hon Amama Mbabazi and President Yoweri Museveni have scheduled massive rallies at the Kololo Independence grounds at the same time.
According to one of Mbabazi’s top strategists and DP president Norbert Mao, thousands of Go Forward supporters after Mbabazi’s nomination will be converging at the independence grounds.
“Owing to these numbers, we found that there was no other place we could hold this rally other than Kololo,” he told reporters on Tuesday.
He however revealed that they were aware that President Museveni booked the same venue for his rally after nomination.
If blocked by police from accessing the venue, Mao said the supporters will pour on the streets of Kampala.