NWSC MD INAUGURATED TO THE NEW NSSF BOARD

This afternoon, the Minster of Finance, Planning and Economic Development Hon Matia Kasaija inaugurated the National Social Security Fund (NSSF) 12th Board of Directors.

Hon. Kasaija in his remarks said that the announcement to members of the Fund is in pursuant to Section 3(2) of the NSSF Act.

“I have appointed the NSSF Board of Directors/Trustees for a period of three years.
The appointment took effect on 1st September 2021.
I have also appointed Dr Peter Kimbowa as Board Chairperson.” he shared

Other members include:
1. Richard Byarugaba
2. Patrick Ocailap
3. Aggrey David Kibenge
4. Peninnah Tukamwesiga
5. Sam Lyomoki, Member
6. Bahemuka Julius
7. Lwabayi Mudiba Hassan
8. Fred K. Bamwesigye
9. Dr. Eng. Silver Mugisha

According to Hon Kasaija, the job of a member of the NSSF Board is derived from the NSSF Act. It is “to ensure that there is secure, profitable and effective financial management of the Fund for the benefit of the workers in particular and the country at large.”

The new Board chairman Dr. Peter Kimbowa said that the new vibrant team is energized to serve the savers.

“We are in the post-pandemic era, at the cusp of the 5th Industrial Revolution where AI, Data and IoT become part of our daily professional lives. We will have to embrace opportunities brought by these changes to regenerate the Fund and create the Fund “for and of” the Future. he said

The board vision for the next 3 years:
1. Reshaping the Fund’s investment portfolio to better respond to the market.
2. Prioritise and leverage technology, analytics for decision making and innovation to better serve NSSF members.
3. Ensure the right culture to make the Fund.

He added that the Board pledges to be open-minded and curious in order to ask the right questions to the benefit of the workers.

“We will however remain agile and very adaptive so that we can move with the times but also ahead of the times. We will “ask, analyse and follow through.” he added

The Board pledged to:
•Ensure transparency and accountability by all individuals and teams within the Fund.
• Be open-minded, curious and ask the right questions.
•To remain agile, very adaptive and subsequently move with the times but also ahead of the times.

In unison, they pledged to ensure transparency and accountability by all individuals and teams within the Fund.

Compiled by: John Fisher Sekabira