Social Responsibility
CSI Initiatives

Social Responsibility
CSI Initiatives

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

Career Expo

University students attending the annual NSSF Career Expo

Expanding access to education, credentials and real-world work experiences that prepare young people for the jobs of today and tomorrow has been a longstanding focus of our organisation, however, we are being even more purposeful about these investments in light of the impact of the Covid-19 pandemic.

For the last 11 years, the Fund has been organising the annual Career Expo to prepare students for the work place and equip them with skills and knowledge to increase their employability.

In addition, the initiative is aimed at identifying and recruiting future members of the Fund. This year the Annual Career Expo took place over three days, from 16 to 18 March 2022, under the theme, “Technoprenuership and jobs of the future”. The objectives for this Expo were to:
  • Identify, recruit and register future potential members
  • Promote existing NSSF campaigns
  • Sensitise the students and university through online career Expos

Topics discussed included:
  • Building a career in technology
  • How to establish start-ups
  • Opportunities in Tech

It was a hybrid event with a few students attending the Expo at the selected venues, while the majority of the attendees participated online.

The 2022 Annual Expo was held in partnership with the Innovation Village, a company that focuses on innovation in the community for start-ups, global players, corporates and investors. The NSSF Career Expo offers a platform for students to network and learn from established industry experts for career advancement, entrepreneurship, employment positioning, financial literacy, and personal growth beyond their studies at university. Students are also exposed to the world of savings as a discipline, with a focus on saving for retirement at an early age. NSSF is deliberately focusing its sustainability agenda on helping youth to take full advantage of these new and emerging technologies while being resilient in the age of disruption. We are doing this through our innovation programme, Hi-Innovator, and financial literacy.

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

Career Expo

University students attending the annual NSSF Career Expo

Expanding access to education, credentials and real-world work experiences that prepare young people for the jobs of today and tomorrow has been a longstanding focus of our organisation, however, we are being even more purposeful about these investments in light of the impact of the Covid-19 pandemic.

For the last 11 years, the Fund has been organising the annual Career Expo to prepare students for the work place and equip them with skills and knowledge to increase their employability.

In addition, the initiative is aimed at identifying and recruiting future members of the Fund. This year the Annual Career Expo took place over three days, from 16 to 18 March 2022, under the theme, “Technoprenuership and jobs of the future”. The objectives for this Expo were to:
  • Identify, recruit and register future potential members
  • Promote existing NSSF campaigns
  • Sensitise the students and university through online career Expos

Topics discussed included:
  • Building a career in technology
  • How to establish start-ups
  • Opportunities in Tech

It was a hybrid event with a few students attending the Expo at the selected venues, while the majority of the attendees participated online.

The 2022 Annual Expo was held in partnership with the Innovation Village, a company that focuses on innovation in the community for start-ups, global players, corporates and investors. The NSSF Career Expo offers a platform for students to network and learn from established industry experts for career advancement, entrepreneurship, employment positioning, financial literacy, and personal growth beyond their studies at university. Students are also exposed to the world of savings as a discipline, with a focus on saving for retirement at an early age. NSSF is deliberately focusing its sustainability agenda on helping youth to take full advantage of these new and emerging technologies while being resilient in the age of disruption. We are doing this through our innovation programme, Hi-Innovator, and financial literacy.

Financial literacy

The Fund has  a deliberate strategy to offer a Financial Wellness programme for all members


The NSSF Financial Wellness programme is an initiative the Fund began in 2019, and is tailored to provide a platform where NSSF members can access professional finance, investment and business solutions.

According to research conducted, 80% of NSSF members who received their retirement payouts depleted all their savings within two years. Research also showed that only 20% achieve a semblance of success in managing their savings to live a comfortable life after retirement. In addition, few NSSF beneficiaries have the acumen to succeed in business, leading to massive business failures and the depletion of their retirement savings.

This research demonstrated that for NSSF members to sustainably benefit from their savings, they must plan and seek expert advice to avoid loss of their life savings because of poor decision-making.

Financial literacy

The Fund has  a deliberate strategy to offer a Financial Wellness programme for all members


The NSSF Financial Wellness programme is an initiative the Fund began in 2019, and is tailored to provide a platform where NSSF members can access professional finance, investment and business solutions.

According to research conducted, 80% of NSSF members who received their retirement payouts depleted all their savings within two years. Research also showed that only 20% achieve a semblance of success in managing their savings to live a comfortable life after retirement. In addition, few NSSF beneficiaries have the acumen to succeed in business, leading to massive business failures and the depletion of their retirement savings.

This research demonstrated that for NSSF members to sustainably benefit from their savings, they must plan and seek expert advice to avoid loss of their life savings because of poor decision-making.

Objectives of the programme

The programme was started to empower our members and sections of the public with financial and investment knowledge to enable them to make informed financial decisions. Our main objectives are to reverse the current trend of the short life cycle of benefits paid out; to build a financially aware and empowered membership, and to give members options throughout their life cycle.

In the financial year ended, and recovering from Covid-19, we continued to offer our customers and everyone limitless opportunities to help them strengthen their financial wellness. We did this via our digital platforms and utilising partnerships. The programme has provided actionable information to help individuals manage their budget, save, build credit and start small businesses.

Various financial experts have graced our programme, giving advice to our members on how to manage their finances

Despite seven out of 10 Ugandans knowing the importance of saving, only six out of 10 adults save, and mainly for food.


As a result, almost half of the working population – which is about 22 million – have no formal saving mechanism according to the Bank of Uganda Financial Capability Survey.


In the “Now You Can” universe, we are providing the tools to empower our customers and the public to build financial lives and achieve their life savings dreams in the short- and long-term.

Achievements

As a result, we registered an uptake of 445,309 participants in our Financial Literacy programme to a target of 150,000 compared to 67,272 uptakes in the previous financial year. We also reached 1,508,000 individuals compared to 1,489,000 in the financial year 2020/21 and graduated 679 participants from the Financial Literacy cohort programmes.

Objectives of the programme

The programme was started to empower our members and sections of the public with financial and investment knowledge to enable them to make informed financial decisions. Our main objectives are to reverse the current trend of the short life cycle of benefits paid out; to build a financially aware and empowered membership, and to give members options throughout their life cycle.

In the financial year ended, and recovering from Covid-19, we continued to offer our customers and everyone limitless opportunities to help them strengthen their financial wellness. We did this via our digital platforms and utilising partnerships. The programme has provided actionable information to help individuals manage their budget, save, build credit and start small businesses.

Various financial experts have graced our programme, giving advice to our members on how to manage their finances

Despite seven out of 10 Ugandans knowing the importance of saving, only six out of 10 adults save, and mainly for food.


As a result, almost half of the working population – which is about 22 million – have no formal saving mechanism according to the Bank of Uganda Financial Capability Survey.


In the “Now You Can” universe, we are providing the tools to empower our customers and the public to build financial lives and achieve their life savings dreams in the short- and long-term.

Achievements

As a result, we registered an uptake of 445,309 participants in our Financial Literacy programme to a target of 150,000 compared to 67,272 uptakes in the previous financial year. We also reached 1,508,000 individuals compared to 1,489,000 in the financial year 2020/21 and graduated 679 participants from the Financial Literacy cohort programmes.

The programme is implemented through a series of initiatives that include the following:

Financial intelligence programme

  • Participants are equipped with the basics of understanding personal financial management
  • Topics covered include entrepreneurship, saving, personal investment options, budgeting, debt management, increasing income while at the work place, agility in business, financial parenting and planning for retirement
  • This is offered through online, work place arrangements, peer cohorts and institutional setups
  • Participants receive certificates upon completion of the two-month training

Action cohort

  • The NSSF provides direction by coordinating groups of participants to take up action on an aspect of personal investment
  • Participants have access to peer reviews and mentorships

Money Talk

  • This comprises an investment and wealth management one-off event offered to selected groups on request and covers a personal finance topic of their choice

Money up challenge

  • This includes a practical challenge that puts together the money-making skills and abilities of an individual or staff of an organisation

Business clinics and mentorships

  • The Fund carried out a series of business clinics to help companies recover from the negative impact of Covid-19. We partnered with Entrepreneurs Organisation – Uganda, an association of entrepreneurs who come together to talk to members about business growth. The association converges entrepreneurs that make a turnover of USD1 million annually. They offered the Fund a platform to carry out webinars on different topics which were geared to help businesses learn from the best to grow. We also had a cohort with 100 small businesses, which included topics about business processes, revenue management, taxation, how to be investor-ready, and human capital management. Through these engagements, we encouraged small businesses to apply for the Hi-Innovator Programme

View how NSSF is creating a better life for its members through the Financial Literacy Programme

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The programme is implemented through a series of initiatives that include the following:

Financial intelligence programme

  • Participants are equipped with the basics of understanding personal financial management
  • Topics covered include entrepreneurship, saving, personal investment options, budgeting, debt management, increasing income while at the work place, agility in business, financial parenting and planning for retirement
  • This is offered through online, work place arrangements, peer cohorts and institutional setups
  • Participants receive certificates upon completion of the two-month training

Action cohort

  • The NSSF provides direction by coordinating groups of participants to take up action on an aspect of personal investment
  • Participants have access to peer reviews and mentorships

Money Talk

  • This comprises an investment and wealth management one-off event offered to selected groups on request and covers a personal finance topic of their choice

Money up challenge

  • This includes a practical challenge that puts together the money-making skills and abilities of an individual or staff of an organisation

Business clinics and mentorships

  • The Fund carried out a series of business clinics to help companies recover from the negative impact of Covid-19. We partnered with Entrepreneurs Organisation – Uganda, an association of entrepreneurs who come together to talk to members about business growth. The association converges entrepreneurs that make a turnover of USD1 million annually. They offered the Fund a platform to carry out webinars on different topics which were geared to help businesses learn from the best to grow. We also had a cohort with 100 small businesses, which included topics about business processes, revenue management, taxation, how to be investor-ready, and human capital management. Through these engagements, we encouraged small businesses to apply for the Hi-Innovator Programme

View how NSSF is creating a better life for its members through the Financial Literacy Programme

Play Video
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