The Minister of Finance, Planning and Economic Development
Matia Kasaija has appointed a new Board of Directors for the National Social Security Fund (NSSF)
for the next three years effective September 01, 2021.
The new Board is headed by Dr. Peter Kimbowa, a corporate governance and management expert.
Dr Kimbowa, who is also the Team Leader at the CEO Summit Uganda– a private sector Think
Tank, Managing Partner at IFE Consultants Limited and an award-winning Business Leader, replaces Patrick Byabakama Kaberenge, whose term expired on August 31, 2021, after he had served for last six years.
The Minister also appointed to the Board 4 representatives of the trade unions, 2 representatives
of employers through the Federation of Uganda Employers (FUE).
He re-appointed Mr Aggrey David Kibenge representing the Ministry of Gender, Labour & Social
Development, and Mr Patrick Ocailap, representing the Ministry of Finance, Planning & Economic
Development.
The Minister also appointed Dr Eng Silver Mugisha and Mr Fred K Bamwesigye representing
Employers through the Federation of Uganda Employers (FUE).
Other appointees are: Mr Sam Lyomoki and Ms Penninah Tukamwesiga representing workers under the Confederation of Free Trade Unions (COFTU); Mr Bahemuka Julius and Hassan
Lwabayi Mudiba, also representing workers under the National Organisation of Trade Unions
(NOTU).
The NSSF Managing Director Mr. Richard Byarugaba will continue serving as the only executive
member of the 12th Board.
Speaking for the first time about his appointment, Mr Kimbowa said that he views the appointment
as a challenge given the stability the Fund has enjoyed over the last decade.
“It is a big challenge at a personal and professional level, because the Fund has been very successful beyond expectations over the last 8 years or so. So, we will have to find what is missing, or the next opportunity that can regenerate the Fund, re-imagine what else is possible to create the Fund of the future”, he said.
He added that his vision for the next 3 years is three-fold – reshape and repurpose the investment
portfolio to make it more responsive to the market, take advantage of the 5th industrial revolution by prioritising digitisation and analytics, and ensure the right culture to make NSSF fit for purpose.
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