Report Overview
Managing Director's statement
People and culture at the heart of the Fund
Our people remain our greatest asset. This year, staff engagement stood at 91%, with 95% affirming that their work is meaningful and aligned to the Fund’s purpose.
We expanded wellness programmes and gender-focused initiatives such as Pathfinder for women and MenSpace for men. We also promoted 140 staff internally, with strong gender balance, reinforcing a culture of growth from within.
Our culture transformation journey is anchored in four values: Member First, Integrity, One Team, and Creativity. These values guide our people and align us to Vision 2035.
Governance built on trust
Strong governance remains the foundation of our resilience.
This year, NSSF experienced significant leadership transitions aimed at strengthening its governance and operational effectiveness. The appointment of a new Chairman, Dr. David Ogong, and new Directors, Ramathan Ggoobi and Richard Bigirwa ensures our strategic direction and oversight is maintained.
The promotion of Gerald Kasaato from Chief Investment Officer to Deputy Managing Director, and Kenneth Owera as Acting Chief Investment Officer affirms our commitment to internal talent development and succession planning. Our human capital strategy recognises the importance of infusing talent from outside the organisation with Dan Mugura recently appointed as the permanent Head of Procurement.
Throughout these transitions, trust, candour, and alignment defined the relationship between the Board and Management.
Our governance structures are robust, committees are effective, and decision-making balances accountability with agility, ensuring we remain steady even in turbulent times.
Our people remain our greatest asset — 91% engaged, 95% finding purpose in their work
Looking ahead
As we honour 40 years of progress, we look forward with ambition and confidence. The next decade will be defined by inclusion, ensuring every Ugandan, whether in formal or informal work, sees themselves in the Fund. It will also be defined by resilience, through investing wisely, innovating boldly, and strengthening trust with every decision we make.
With Uganda’s economy on a trajectory of rapid growth, NSSF will remain a catalyst, mobilising domestic savings, investing in transformative projects, and driving socio-economic progress.
Appreciation
I extend my sincere gratitude to the Supervising Ministers, the Chairman and Board of Directors, and our stakeholders for their steadfast support. I am deeply grateful to the Executive Team and all NSSF staff for their passion, commitment, and creativity. Together, we have built 40 years of resilience and impact. Together, we will power growth, empower generations, and secure Uganda’s future.