National Social Security Fund (NSSF) has today entered into a Memorandum of Understanding (MoU) with Uganda Registration services Bureau (URSB) to enable information/data sharing on companies registered with URSB and bio-data for NSSF members.
URSB is mandated under cap 210 of the Laws of Uganda to deliver a number of registration services aimed at facilitating and enabling the private sector growth hence leading to a better investment climate in the country.
NSSF MD Richard Byarugaba signs the MoU with Registrar General Bemanya Twebaze at the URSB head office at Georgian House
The signing ceremony was held at the URSB head office at on Georgian House Kampala between NSSF, Managing Director Richard Byarugaba and Registrar General, Bemanya Twebaze who appreciated the partnership and said Government has always enjoined institutions to partner so as to eliminate bottlenecks to service delivery.
“Under this arrangement URSB will provide NSSF with information on companies, bio data for NSSF’s members. This information is vital in enabling the Fund improve compliance and benefits processing. Our partnership with URSB is therefore very timely because it enables us access vital information on companies necessary for our compliance audits. We therefore believe that with increased access to information, our compliance levels will improve to 82% by close of this financial year up from the current 77%”, Byarugaba said. [adrotate banner=”3″] Bemanya announced that URSB will have a registration centre at NSSF, while the Fund will also have a service centre at URSB. “Synergies like this are among the drivers of service delivery through complementing each other and providing a platform for sharing best practices, experiences and establishing networks. The National Development Plan 11 enjoins all the public agencies to collaborate and augment each other for better service delivery,” Bemanya said.
URSB carries out all registrations required under the relevant laws and maintains registers, data and records on registrations affected by the bureau and acts as a clearing house for information and data on those registrations.
Registrations carried out are; Businesses and companies, legal documents, Intellectual Property Rights, Civil matters (births, deaths, civil marriages, adoption orders & single status letters) and Insolvency The partnership is also envisaged to help NSSF reduce on their turnaround time for benefits processing because URBS will now avail the Fund with additional bio data on its members including details on next of Kin, date of birth among others.
The Partnership with NSSF isn’t the first for URSB. Together with KCCA and URA, URSB is running a TREP project, which has seen the organization register many business names in Kampala, and has now devised plans to roll out to the countryside beyond Kampala.
Other Partnerships with UIA and Posta Uganda have seen URSB centers housed within the two institutions, a move that has eventually reduced congestion at the URSB head office and also saved peoples’ time and costs on transport to reach the URSB head office for registration services.