OUR GOVERNANCE

MAKING A SUSTAINABLE IMPACT

Career Expo

SDG DESCRIPTION

Social protection systems help prevent and reduce poverty and provide a safety net for the vulnerable.

Impacting

NSSF STRATEGY

  • Increasing employment opportunities
  • Encouraging a saving culture
  • Making provision for retirement
  • Financial Literacy campaigns

NSSF in partnership with the Daily Monitor organised the 10th Annual Career Expo. This year, the event was hosted virtually and focused on equipping university students with employment and entrepreneurial skills for the “new normal” brought about by the Covid-19 pandemic.

The theme of the 3-day Career Expo, ‘Repurposing your Career Goals to the New Normal’ was aimed to assist students in responding to changing employment and business landscapes.

The Fund is cognizant of the fact that the Covid-19 pandemic has changed the way we think, work and live, confirming that technology is now the mainstay for every decision and transaction. Our focus was on Entrepreneurship and Financial Literacy with career advice offered from the best employers in the country.

Endorsement

“The most important takeaway for our university students from the Career Expo should be that they must re-evaluate their career goals because the world today is very different from the world a year ago when the country entered lockdown”.

Tony Glencross, the Nation Media Group Uganda Managing Director.

IMPACT

We planned to reach at least 3,000 students but exceeded the target and managed to register an attendance of 4,612 and 612 registrations. For the past ten years, the Fund has held these Expo’s and has since registered over 100,000 University finalists of which over 8,000 of these have been absorbed in employment.

In the past, we engaged speakers who taught students about different professions, but have since introduced fresh and relatable speakers who are everyday life businessmen and women with self-startups and how they manage their finances. This included the proprietor of Safe Boda and the CEO MAS group of companies in addition to people from the entertainment industry including Salvador, Richard Tuwangye, who took the students through self-start ups.

The NSSF-Daily Monitor Career Expo is designed to prepare students for the work place and equip them with skills and knowledge to increase their employability. It also offers students professional career advice as well as an opportunity to engage with potential employers and also provides an overview of the importance of saving with a key message to students to embrace the savings culture at an early age.

During the event, NSSF recruits and registers University Finalists who are preparing to enter the job market as members into the Fund that will contribute to the Fund in future when they are employed.

Blood Donation Drive

SDG DESCRIPTION

Improving health and wellbeing in communities.

Impacting

NSSF STRATEGY

  • Improving health infrastructure
  • Promoting sport to aid in health and well-being
  • Blood donation drives

The Fund, in partnership with Uganda Blood Transfusion Services (UBTS), has been organising the Annual Blood donation drive for the past 10 years, to collect blood from the public and increase availability of safe blood in the country. This is because Uganda regularly faces a shortage of safe blood, forcing the Government to issue blood donation appeals. Only 1% of people eligible to donate blood in Uganda regularly do so, which causes frequent shortages of safe blood across the country.

As a part of the CSR agenda, the Fund in partnership with UBTS organises blood donation drives to respond to the appeal for safe blood.

This year however, due to the government directive against public gatherings, the Fund offered financial support to UBTS to carry out blood drive camps and buy a blood processing centrifuge.

BLOOD COLLECTION

  • A total of 2,641 units of blood were collected, 2111 were male blood donors while 350 were female. This is a decline from the 8,887 units of blood collected the previous year. This drop is largely attributed to the decline in donors due to fears of contracting the coronavirus.
  • 1906 were repeat blood donors while 735 blood donors were first time blood donors
  • Over 500 blood donors were complemented with soap to promote handwashing in communities in the fight against the Covid-19 pandemic

Education Intervention

SDG DESCRIPTION

Improving access to education

Impacting

NSSF STRATEGY

  • Improving the quality of learning
  • Refurbish school infrastructure
  • Promoting financial literacy

The Fund commenced with an Education Intervention Project aimed at improving the learning conditions in government aided primary schools across the country, as such, in 2016 Kampala Capital City Authority (KCCA) in partnership with NSSF embarked on a journey to refurbish dilapidated Government Aided Schools in Kampala. Our intervention is in support of government efforts to refurbish existing structures as well as improving sanitation in public schools.

So far, 9 Schools have benefited from this initiative with UGX600m contributed by the Fund and several partners. The schools are; St. Ponsiano Kyamula Primary school, Nakivubo Settlement Primary School, Makerere Primary School, St. Paul Primary School Mbuya, Kampala School for the Physically Handicapped and St. Paul Primary school Nsambya. This intervention was targeted to public primary level, where learners are most vulnerable.

This year, we earmarked 4 schools to benefit from our education intervention. Among these are upcountry schools namely; Pioneer Primary School in Soroti, Mutolere Primary School in Kisoro, Adwari Primary School in Otuke District and St. Paul Primary School, Nsambya (KCCA public School).

Endorsement

Alfred Enyidu, the Head teacher at Pioneer Primary School - Soroti, one of the beneficiary schools; “NSSF intervention will go a long way in enhancing quality education in upcountry schools which have for a long time been left behind”.

FINANCIAL LITERACY

The Fund’s Financial Literacy Programme” empowers its members and public with financial and investment knowledge to enable them make informed financial decisions. As such, we have been running a series of webinars with various financial experts sharing inspirational stories, advice and knowledge about managing finances.

IMPACT

We had a total uptake of 67,272 participants for the programme with a total reach of 1,489,101. 95% of the impact was online with YouTube and Zoom webinars being the biggest contributors.

Our main objectives for the financial literacy sessions are as follows:

  • To reverse the current trend of the short lifecycle of benefits paid. Internal surveys as well as local research has indicated that about 80% of Fund beneficiaries run down their benefits in less than 2 years. The Fund’s objective is to reverse these numbers. Fund members lack the basic knowledge of personal finance by design of the Education system. This produces a financially fragile society in terms of knowledge and confidence on the subject resulting in a lack of wealth building. Through the Financial Literacy Programme, the Fund aims to bridge this gap among the membership and the country as a whole.
  • Provide members with additional savings options through their lifecycle. Fund membership needs to include additional options of investment for retirement as studies have indicated that the mandatory savings at NSSF alone, are not sufficient to sustain an individual post retirement. The FL Programme offers guidance to members for additional savings options.

The Monthly Webinar programme has been the most dominant and widely attended programme for the year and has hosted speakers from across the board who are experts in the various topics under discussion. These included the Secretary to the Central Bank, CEO IRA,CEO URBRA among others.

Focus for next year

  • Options Matching Programme - matching members with options to supplement NSSF Mandatory savings.
  • Business Clinics for employers - providing business owners and employers with skills and networks to enhance profitable business practices and resilience during and after Covid-19.
  • Action Programmes - for participants from awareness programmes to invoke action.
  • The financial literacy hub - a one stop digital tool to assist with personal financial planning.

Hi-Innovator Programme

SDG DESCRIPTION

Creating employment opportunities

Impacting

NSSF STRATEGY

  • Expansion strategies
  • Increasing investment opportunities
  • Increasing employment opportunities

The Fund in partnership with Mastercard Foundation, announced a UGX 35 Bn innovation programme to support local small and growing businesses over the next five years.

The programme, dubbed the "NSSF Hi-Innovator” also provides practical entrepreneurship training to more than 75,000 youth to enable them to achieve greater success. The Fund is working to strengthen the existing entrepreneurship ecosystem through which entrepreneurs can be harnessed and supported to build profitable, sustainable and scalable businesses, as well as engaging young people in developing solutions that address today’s social and economic challenges.

The Hi-Innovator Programme is co-funded by Mastercard Foundation, through its Young Africa Works initiative. Outbox Uganda, an innovations hub is serving as the lead implementation partner.

Throughout the programme, entrepreneurs will be supported by business incubation hubs across the country. These include Makerere University Innovation and Incubation Centre, MUBS Entrepreneurship, Innovation and Incubation Centre, Stanbic Business Incubator, and Shona in the Central region.

The Programme consists of 2 phases – the first being self-directed online learning via a platform providing foundational business knowledge to entrepreneurs to enable them to address gaps in their businesses. It is open to individuals interested in starting a business or those who have an existing small and growing business.

The second phase is a six-month business support process where entrepreneurs will have an opportunity to receive funding, technical assistance, business development and market development support to enable them scale their businesses.

ENDORSEMENT

Mastercard Foundation Country Head, Samuel Yalew Adela:

“This partnership is part of our Young Africa Works initiative that aims at helping millions of people to find a pathway out of poverty. We have committed to enable 30 million young Africans, especially women, find employment they see as dignified and fulfilling by 2030. The Hi-innovator Programme gives us an opportunity to further contribute to the achievement of this objective.”

HIGHLIGHTS

The first virtual event obtained a total of 26 million impressions and 4,844 engagements across our social media platforms.