{
  "id": 6913983,
  "title": "NSSF Uganda woos own citizens in Kenya to save back home",
  "url": "https://urgent.news/2026/09/12/nssf-uganda-woos-own-citizens-in-kenya-to-save-back-home",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-12T11:34:42.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/nssf-uganda-woos-own-citizens-in-kenya-to-save-back-home/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya - The National Social Security Fund (NSSF) Uganda is reaching out to Ugandans working and living in Kenya, offering them savings and investment products to bolster their future prospects. NSSF Uganda's Managing Director, Patrick Michael Ayota, emphasized that this initiative aims to enable workers in Kenya to continue saving in Uganda while planning for their return home. He noted that both Kenyans residing in Uganda and Ugandans working in Kenya have aspirations of returning to their home country one day. Ayota explained that Ugandans living in Kenya can utilize NSSF Uganda's products to accumulate savings and investments for their eventual return. This engagement, in collaboration with the Uganda High Commission in Nairobi, involved Ugandan professionals and students residing in Kenya. The voluntary savings program, initiated in November 2024 following a change in Ugandan law, has already attracted over 150,000 new accounts, with contributors saving nearly Sh200 million. Ayota anticipates continued growth in the number of people participating in the scheme. NSSF Uganda's financial standing has also improved, with its balance sheet increasing by approximately $1.8 billion between June 2025 and June 2026, rising from $7 billion to around $9.3 billion. The fund is collaborating with other pension funds through the Africa Pension Fund, and eight institutions have already joined the initiative to pool pension assets and attract additional capital for investments, including real estate. NSSF Uganda and NSSF Kenya have established a system for members moving between the two countries to transfer their savings. A member who has been contributing to NSSF Uganda and relocates to Kenya can request the transfer of their savings to NSSF Kenya, and vice versa. Acting High Commissioner to Kenya, Eunice Kigenyi, highlighted that the forum also educated Ugandan residents in Kenya about savings, investments, and housing opportunities in Uganda. Separate sessions catered to employed Ugandans and students, with the latter receiving career guidance and insights into future prospects. The forum also included the National Identification and Registration Authority (NIRA), which facilitated identification services for Ugandan residents in Kenya. NIRA Registrar Claire Olama emphasized that possessing a national identification number or card is crucial for accessing government services and conducting business in Uganda. Over 5,000 Ugandans have benefited from identification services through the High Commission, with NIRA projecting to serve more individuals through this program.",
  "summary": "NAIROBI, Kenya, Sept 12 – The National Social Security Fund (NSSF) Uganda is targeting Ugandans living and working in Kenya with savings and investment products as it seeks to increase…",
  "key_points": [
    "NSSF Uganda targets Kenyan citizens to save for return to Uganda.",
    "Over 150,000 accounts opened in voluntary savings program.",
    "NSSF Uganda's balance sheet grew $1.8 billion in 2025-2026."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}