The Minister of Finance, Planning and Economic Development Hon. Matia Kasaija has appointed Patrick Ayota as the new Deputy Managing Director of NSSF Uganda replacing Geraldine Ssali whose contract expires on October 29th 2017 and will not be renewed. Patrick has been NSSF’s Chief Finance Officer.
In accordance with Section 41 (1) of the NSSF Act, the Minister of Finance, Planning and Economic Development Hon Matia Kasaija has re-appointed Richard Wejuli Wabwire as the Fund’s Corporation Secretary, for a five-year period effective 30th October, 2017.
“In accordance with Section 40 of the NSSF Act, the Minister of Finance, Planning and Economic Development Hon Matia Kasaija has appointed Patrick Ayota as the Deputy Managing Director effective 29th October 2017, for a period of 5 years, replacing Mrs Geraldine Ssali Busuulwa. Patrick has been our Chief Finance Officer,” NSSF statement read.
The Minister has also reappointed Richard Byarugaba as Managing Director for the next five years.
“In accordance with Section 39 (1) of the NSSF Act, the Minister of Finance, Planning & Economic Development Hon. Matia Kasaija has re-appointed our Managing Director, Richard Byarugaba, for a five-year period effective 1st December 2017,” NSSF posted.
Equity Bank Uganda has opened its 32nd branch across the country; an exclusive banking outlet along Buganda Road dubbed the Supreme Banking. The branch was launched in an exquisite cocktail event attended by selected businessmen and influential fellows of the corporate community.
The branch has a classy lounge with free Wi-Fi internet; customers have personal relationship managers, preferential lending terms and a choice to operate their accounts in the local currency or any of the major global currencies including the US dollar, British pound and euro. They will also enjoy extended banking hours during weekdays as well as weekends.
“We currently have 17 branches in Central and greater Kampala, serving over 500,000 customers. The Supreme Branch is going to help us better serve our priority clients,” explained Equity Bank Executive Director Anthony Kituuka
The Equity Bank Supreme Branch also offers customized banking solutions with exclusive privileges and unrivalled personal attention. Customers will also have access to internet and mobile banking, express service at all the branches (through the bulk teller counter), pre-approved overdraft facility to meet emergency financial needs, free incoming EFTs (Electronic Funds Transfer) and incoming RTGS (Real Time Gross Settlement).
Masindi, Uganda. This weekend, residents of Masindi and surrounding areas were treated to a free Airtel Uganda regional health camp as part of the telco’s efforts to give back to the community in which they operate.
The camp, that was held at Bwijanga Health Center IV located on Masindi – Hoima road, was the third health camp for the year sponsored by the telecommunications company in fulfilment of the health pillar of its Corporate Social Responsibility initiatives. This camp saw many locals including prisoners from Uganda Prison Farm Isimba get a chance to receive free treatment.
Every year, Airtel Uganda offers free medical services to hundreds of community members in an effort to improve their wellbeing and empower them with the basic health information and services they need to make appropriate health decisions. These health camps are done in partnership with Hinds Feet Project Uganda along with various medical practitioners and health institutions such as Red Cross, Cancer Institute, Doctor Agrawal, Re-pad, Mariestopes, Uniliver and District health centers who volunteer their services and medical personnel to participate in the cause and treat thousands of Ugandans across the country with free diagnosis, treatment and referrals to major hospitals.
The health camps have also dedicated time to educating Ugandans on different topics such as HIV prevention, sexual and reproductive health, maternal and child health, nutrition, hepatitis B, prevention of infectious diseases among others.
According to the Masindi District Health Office, there have been some efforts to improve the health situations; however, the health status of the population of Masindi is still poor with a high prevalence of infectious and communicable diseases, malaria, skin diseases and malnutrition among the general population especially in children under 5. Masindi district is also affected by other environmental health issues including acute diarrhea affecting 2.6% of the population, pneumonia, eye infections and genital infections. “This gesture is so much appreciated as it gives our people a chance to get free medical education and treatment,” she commented.
Speaking during the Masindi health fare, Airtel Uganda Corporate Social Responsibility Manager, Mrs. Charity Bukenya said “Our effort is a drop in the ocean that supports what several other generous organizations are doing to make conscious and deliberate steps towards fulfilling the sustainable development goal #3 which is about ensuring good health and wellbeing and we at Airtel know that together we can make an impact in the lives of Ugandan’s through such camps,” she commented, pledging to continue reaching out to communities in Uganda.
The Inaugural Annual CFO Awards were held at a gala dinner on Thursday 19th October 2017 at the Kampala Serena Hotel.
The CFO Award is an initiative that ACCA Uganda and Deloitte co-hosted to raise the profile of Chief Finance Officers (CFOs) and their changing role in developing good business and finance practices. The award is part of the bigger agenda of delivering platforms for learning and experience sharing eg CFO forums, and CFO surveys over the next three years.
The CFO award seeks to; recognize the essential role that finance functions play in helping to build resilient organizations, sustainable business models and drive integrated thinking in decision-making.
Create a platform to share best practice, drive awareness, inspire action and develop a community of finance leaders, committed to create more sustainable outcomes for their organisations.
The target audience is accountants that aspire to this level of leadership as they get to learn and know what it takes to excel in the different categories
The ceremony was graced by key note speaker as well from speakers from the Deloitte Group.
The awards that were given out are:-
CFO of the Year – The CFO of the Year will have shown financial leadership, outstanding performance over a number of years and be the driving force behind the growth and profitability of their organization, striving for excellence in all aspects of the finance profession. The CFO should lead by example demonstrating leadership through their future-focus and proficiency in the seven vital qualities of professional accountants which include intelligence, creativity, digital knowledge, emotional intelligence, experience, vision, and technical and ethical skills
Public Sector CFO of the Year Award – a CFO form a not-for-profit or charitable foundation, government agency, civil society or development agency, demonstrating outstanding financial management.
Young CFO of the Year Award – A CFO considered to be a rising star in the accounting profession, aged less than 35 and has demonstrated the 7 vital qualities of professional accountants which include intelligence, creativity, digital knowledge, emotional intelligence, experience, vision and technical and ethical skills.
Finance Transformation Award – This award recognises a CFO who has championed transformative solutions in their finance function and have been successful in redefining the function, made great efforts to become a cost-effective, service-oriented partner to the business.
Strategy Execution Award – The award recognizes one who has shown agility and resilience in dealing with serious and intense changes in the business environment, enabling the business to successfully adapt to new demands and challenges. This CFO will have shown great leadership in creating the right (financial) conditions to execute the organisation’s strategy.
Ever since Comedy Store made The 400 Bar and Lounge their new home every Thursday evening, night life fun is back to the Bukoto based bar. The 400 is every Thursdays filled with comedy lovers to watch their favourite comedians hosted by Alex Muhangi do their thing. After the comedy show, revellers descend into the main 400 bar lounge, a thing that has put life back into the bar. In The 400 is now the place to be every Thursday and it is surely giving its rival Diners a run for their money.
“Thanks to everyone who was part of our second show at The 400 last evening. We appreciate the support and for choosing to spend your Thursdays hanging with us. It was a great episode. The punchlines and entertainment came in handy.
Add to that a surprise performance from Jajja w’abayimbi a.k.a Ragga Dee and King Michael, and you get worthwhile show. Thanks Dee for endorsing the show.
The show featured comics; Mariachi, Amooti, The Talkers, Dolibondo, MC Kalevu and renowned dancer Ibra Buwembo together with his crew. Those guys can dance!!
Geo Steady then crowned the night and my oh my! Ladies love this guy. He hadn’t set his foot on stage but he found a chic waiting to wrap him in a 3 minute long hug. How did I not choose being a musician as a career? Y’all be there having our women crush on you and all we do is pay so that they come watch u perform? This is gross injustice.
Lydia Jazmine slayed to the stage too, Isaac Rucci, Bigsize Bebecool….. it was Star studded.
Anyway, thanks to the Comedy Store team, service providers, The 400 and All our Sponsors Jameson, Galaxy Fm, Masters Music, iFind, NTV and Money Gram for making the show possible. We do it again next week Thursday. Catch the show on NTV (Tues 10pm, Fri 12noon) in case u missed. Cheers. Alex,” Alex Muhangi.
It was all fun and laughter at Uganda Breweries Limited (UBL) on Friday as comedian Mariachi cracked the ribs of UBL staff.
The brewery and its spirits plant, International distillers Uganda (IDU) were celebrating 5 & 9 years of No Lost Time Accidents respectively. This means that for a decade, no employee had an accident that necessitated them to miss a day of work.
Mariachi thrilled the staff with his jokes on habits of broke girls in bars and tribal jokes. From Batoro, Bakiga, Baganda, Bateso, he went on about their habits.
At the event, the most outstanding employees who have upheld health and safety standards at the Brewery were recognized and rewarded. Over 20 employees who maintain safety principles at work receive awards. The award categories included Safety ambassadors of the Month, highest SIRC closure per section, most compliant contractor employees among others.
The event was a culmination of the UBL Safety week dubbed, “Executing Safely Every day.” The week long activities included Evacuation Drills at the UBL site, Defensive Driving awareness session, Fitness sessions, health screening, audiometry and ergonomic sessions as well as nutrition sessions.
Speaking during the award ceremony at the brewery in Luzira, Mark Ocitti the Managing Director UBL said, “It is not just the safety measures that we as a company put in place that make us such a great story. It is the individual efforts that each of you puts into implementing these measures that makes it so rewarding at the end of it all.”
Uganda Broadcasting Corporation (UBC) on 19th October 2017 hosted the first capacity building workshop preparing staff for retirement at Pearl of Africa Hotel starting at 9 am – 5pm.
The day-long workshop will equip retirees with skills to prepare them for the next stage in their lives with presentations to assist them diligently choose paths that best suit them. The presentations are from reputable personalities in investment, money management, Uganda Registration Services Bureau (URSB) and retirees from our industries sharing their life stories.
The 30 esteemed members retiring soon have been split across differing departments, business units and levels of management at UBC namely TV content producers, technicians, radio/TV engineers, content researchers, on air broadcasters and production graphics designers.
“As the national broadcaster, UBC would like to thank these staff for passionately and with devotion dedicated so many years to making us the powerhouse that we are today. We wouldn’t have done it without you all. You have weathered numerous storms and shown us direction time and time again. We are eternally grateful and wish them boundless opportunities in their next endeavors,” Winston Agaba, the managing director stressed.
Bank of Uganda defines financial literacy as having the knowledge, skills and confidence to manage one`s own finances well. One of the key topics during the workshop is going to be financial literacy and resourceful so as to make ingenious decisions. Quite frankly, this is a topic that is applicable even for those still in the workforce, but particularly pertinent for those retiring.”
Amid standoff between National Social Security Fund (NSSF) Uganda Board and Deputy Managing Director Geraldine Ssali Busuulwa over her job, we have established that while acting as the Managing Director, the no nonsense lady performed excellently.
Records have it that performance by National Social Security Fund (NSSF) under deputy Managing Director, Ms Geraldine Ssali when she was the acting Managing Director is yet to be matched by any.
Amidst controversy surrounding the top management, board and deputy MD Ssali, her performance can’t be questioned because it was excellent.
The plot to force her out has been described as a continued victimization stance from last year when they miserably failed to get me her of her office. Our experts have called it corporate hooliganism, jealous and envy aka Chauvinism.
“Meanwhile, Fund performance when she was acting Managing Director has never been matched. So how a board that has only been there for two years concludes otherwise leaves us baffled! Never mind that the board has no powers to Hire/Fire. It’s simply a continued victimization stance from last year when they miserably failed to get her out of her office. Corporate hooliganism, jealous and Envy aka Chauvinism,” a source said.
OPINION: How did Geraldine Ssali’s stellar performance suddenly fall below par?
Firstly, you keep telling us how the board on which Byarugaba seats has sacked his deputy. But according to the NSSF Act, the power to appoint and disappoint rests with the Minister in charge of social security, who in this case, is the Minister of Finance since the
President moved NSSF from Labour to Finance. This very board of Byarugaba was clearly reminded by Justice Steven Musota last year that they acted outside the law in assuming powers and trying to suspend the DMD as she returned to work from the Maternity leave. Even at their recent AGM this month, the
Chairman was wailing about being unable to sack senior managers as part of the changes he would like to see in the NSSF Act amendments instead of discussing an actual wish list that would remove the bottlenecks in their investment activities. So for them to turn around and claim that they sacked is ” self defeatist” to say the least. Claiming victory too early. You will also recall that the previous board of Kyayonka made recommendations of Agaba and Ayota who came first in the interviews but the appointing authority who has the final say brought back Byarugaba and Ssali who both came third in the same interviews.
The 14% interest (not 15%) that Jamwa paid was out of unrealised gains – this was not sustainable for NSSF, that’s why they subsequently dropped it to about 4% in order to recover. The 13% that Ssali paid was out of purely realised gains. Hence the reason NSSF put aside the UGX 272 Billion surplus, which cushioned the poor returns in subsequent years. Therefore this assertion is valid.
Byarugaba has constantly and deceivingly lied that his deputy “sanctioned the Siphoning of money from from the Fund to UTL” – Which is total propaganda, sensationalism and unsophisticated dishonesty on the part of Byarugaba who cannot even lie in a straight line. Can anyone tell me if the letter below from Ssali is Sanctioning to Siphon money? Also see the advice of AG on the same. The competent Authority on the Issue is the AG and NOT Byarugaba! AG gave a legal Opinion which the Fund was bound to abide by. Byarugaba instead opted for a populist approach to challenge that position, at an even greater expense to the workers of UTL in terms of fees to Private Lawyers. The subsequent High court ruling by Justice Lydia Mugambe reaffirmed the same advice given by the AG, TWICE!
I know for a fact that even Byarugaba’s supervisor, Kasaija as Minister wrote to him instructing him to pay the money to UTL to save useless litigation costs and he stubbornly refused and continued with
Costly court battles and appeals to the detriment of workers savings.
So how does he convince us that this is a Ssali Issue? This was purely a legal issue beyond Ssali. Through the Corporation Secretary, she sought legal advice from the Attorney General and went ahead to administratively implement. Even the current CS, Wabwire sought the same advice from AG and was also told the same thing – consistent with the Advice that was given to Ssali. It’s even Ironic that the same CS,
Wabwire who misadvised the Fund on the issue and endorsed the contempt of court orders reinstating his boss, the DMD leading to costs of over Shs 300 M in damages was recommended for good performance – a classic case of rewarding incompetence.
Clearly, Byarugaba has run out of real excuses for continuously attempting and miserably failing to get rid of his deputy and has resorted to lies! Which means his reasons are personal as he assured
us before returning himself that he can never work with her again. Let him get used to the fact that Ssali is the DMD and move on with his life. The Fund will perform better with younger blood that has never been involved in any financial scandals like crashing banks!
The writer is Agaba Ronald Bills,
Team Leader Leadership Square Africa as well as an
Dubai based Ugandan businesswoman cum socialite and promoter Susan (Suzana) Namutebi aka Mtc Numbers believes what she does is the right. Posting on her wall, loaded Suzana said she does her own thing which she believes is right.
“I do my own thing. And I believe what i do is the right thing,” Suzanna posted.
Suzana is heavily investing silently and has been dubbed as the most hardworking Ugandan woman in Diaspora. Watch the space!!
City makeup artist and stylist Sylvia Kawalya has described Stellah Nantumbwe aka Ellah as beautiful both inside and outside.
Kawalya said Stellah is real every time they talk and that it is easy to makeup on her because she is naturally beautiful.
“This Gal is very real with me every time we talk! Her Makeup is always so easy to Apply because she is Naturally Beautiful! – Happy Birthday!! Stellah Reever Nsereko – Thank You for being Beautiful both Inside and Out,” Sylvia Kawalya.