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22-545: Kagadi is in Buyaga County, approximately 95 kilometres (59 mi) south-west of Hoima , the largest town in the Bunyoro sub-region . This is approximately 245 kilometres (152 mi), by road, west of Kampala , Uganda's capital and largest city. The coordinates of the town are 0°56'28.0"N, 30°48'39.0"E (Latitude:0.941111; Longitude: 30.810833). The 2002 national population census put the population of Kagadi at 13,568. In 2010,

44-786: A Ugandan English language newspaper, estimated the NSSF total assets at USh7.9 trillion (approximately US$ 2.48 billion at that time), as of 30 June 2017. By June 2018, those assets had increased to USh9.98 trillion ($ 2.678 billion). As of 30 June 2020, NSSF Uganda managed a total asset portfolio of USh13.38 trillion ($ 3.627 billion). This was a 17 percent increase from UGX11.3 trillion ($ 3.064 billion), as of 30 June 2019. As of June 2021, NSSF Uganda controlled UGX:15.5 trillion (US$ 4.406 billion) in total assets. NSSF Uganda controlled total assets valued at UGX:18.58 trillion (US$ 4.981 billion), as of 30 June 2023. As of 30 June 2024 total assets under management were USh22.13 trillion (US$ 6.065 billion). Beginning in

66-794: A cost of USh3.5 billion (approx. US$ 1 million). According to its financial statements for the year ending 30 June 2014, NSSF had UGX:2.65 trillion in government treasury bonds (with yields ranging from 10.25 to 14.35 percent), UGX:682.1 billion on deposit with commercial banks, UGX:251.3 billion in equity investments at fair value through profit or loss (EPL), UGX:250.2 billion in capital work-in-progress, UGX:193.7 billion in investment properties, UGX:143.2 billion in corporate bonds (with yields ranging from 11.03 to 17.00 percent), UGX:73.3 billion in equity securities held-for-trading by fund managers (HFT), and UGX:14.6 billion in cash and bank balances. Based on market value as of 30 June 2014, NSSF's largest investments in equity securities were as follows: The NSSF

88-562: A wide range of social security products and be the lead institution for domestic capital formation and deepening the financial sector . Analysts in the country said in 2013 that the NSSF had become a leading player in the country's economy. In November 2024, NSSF management introduced a voluntary savings plan called The Smartlife Savings Plan , available to Ugandan citizens, legal non Ugandans and refugees. One has to be at least 16 years of age and authorized to work in Uganda. The minimum investment

110-654: Is USh 5,000 (approx. US$ 1.37). In July 2018, the fund's investments included (a) fixed income investments, accounting for 77 percent of all investments (b) equities on the security exchanges of the East African countries, accounting for 17 percent and (c) real estate investments, which are 6 percent of the total portfolio. Significant real estate holdings include Workers' House in the centre of Kampala , Uganda's capital city , where NSSF maintains its head office, and City House Jinja , in Jinja , developed between 2015 and 2018, at

132-654: Is a city in the Western Region of Uganda . It is the main municipal, administrative, and commercial center of Hoima District . It is also the location of the palace of the Omukama of Bunyoro . Hoima is located approximately 200 kilometres (124 mi) northwest of Kampala , Uganda's largest city, on an all-weather tarmac highway, the Kampala–Hoima Road . The coordinates of Hoima City are 1°25'55.0"N 31°21'09.0"E (Latitude:1.431944; Longitude:31.352500). According to

154-410: Is a defined contribution scheme and is financed largely by contributions from employers and employees. The total contribution is equal to 15 percent of an employee's gross salary, with the employer contributing 10 percent and the employee 5 percent. The NSSF pays five types of benefits: The NSSF's total assets as of 30 June 2014, were valued at UGX:4.4 trillion. In October 2017, The Independent ,

176-709: Is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community , with total assets of USh18.58 trillion (approx. US$ 4.981 billion), as of June 2023. In February 2009,

198-514: Is poised to become a hub of economic activity. In January 2018, SBC Uganda Limited , a joint venture company between Colas Limited of the United Kingdom and SBI International Holdings of Uganda, started construction of Hoima International Airport , at Kabaale Village, Buseruka sub-county, Hoima District, approximately 35 kilometres (22 mi), by road, to the west-northwest of the city of Hoima. The first phase of construction, including

220-466: The President of Uganda fired the minister of finance, whose ministry supervises the activities of NSSF. Also terminated were the managing director of the NSSF. A new board of directors and a new management team were appointed in 2009. In late 2010, NSSF underwent a restructuring process aimed at making it more efficient, competitive, and responsive to the needs of its members. It was then poised to provide

242-464: The Uganda Bureau of Statistics (UBOS) estimated the population at 20,600. In 2011, UBOS estimated the mid-year population at 21,600. In 2014, the national census put the population at 22,813. The following points of interest lie within or close to the town limits: 00°56′28″N 30°48′39″E  /  0.94111°N 30.81083°E  / 0.94111; 30.81083 Hoima Hoima

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264-617: The Uganda Ministry of Health . The district has close to 270 Early Childhood Development (ECD) Centres which are privately owned by the Faith Based Founded, community and individually owned. Majority of the ECD centres are in the urban settings. The total pre-primary enrolment is 4,460; with 2,194 males and 2,266 females (Education Department, 2019). According to the UBOS population projections,

286-585: The 2002 national census, the population of Hoima was enumerated at 60,561. In August 2014, the national population census put Hoima's population at 100,099. In 2020, the Uganda Bureau of Statistics (UBOS) estimated the mid-year population of the city at 122,700. UBOS calculated the population growth of Hoima to average 3.54 percent annually between 2014 and 2020. Between 2000 and 2009, a considerable amount of oil deposits, estimated at between 2.5 billion to 3.5 billion barrels, were discovered in Lake Albert and on

308-493: The city limits or close to its edges: (a) Orukurato rw'Obukama bwa Bunyoro-Kitara (Bunyoro-Kitara Kingdom parliament (b) Ekikaali Kya (Kings palace of) Karuziika (c) Western campus of Gulu University (d) the headquarters of Hoima District Administration (e) offices of Hoima City Council (f) a branch of the National Social Security Fund (g) Hoima Regional Referral Hospital , a 268-bed public hospital administered by

330-536: The development. Jinja City House is owned by the Uganda National Social Security Fund (NSSF), who developed the building, between 2015 and 2018. The building houses the NSSF offices in Jinja and the remaining space is rented out to qualified businesses and corporations. The mixed use building consists of 1,500 square metres (16,146 sq ft) on four floors, of which 1,200 square metres (12,917 sq ft) are rentable. NSSF will occupy

352-479: The early 2000s, NSSFU has been developing an office complex known as Pension Towers , along Lumumba Avenue, on Nakasero Hill , one of the most prestigious neighborhoods in Kampala , Uganda's capital city . The complex consists of three interconnected towers; one central tower of twenty-five stories in height, flanked on either side by a ten-story tower. Roko Construction Company, a Ugandan construction company constructed

374-451: The four basement floors between 2008 and 2012, but failed to qualify for further works on the project. Three Chinese firms are in a final bidding process to complete the construction, between 2012 and 2015. Construction costs for the complex are estimated at UGX:260 billion. When finished, the three towers will contain in excess of 59,410 square metres (639,500 sq ft) in office space. Parking for over 500 vehicles will be provided in

396-614: The net primary enrolment was about 131,320 in 2019. Of these, 56% are males and 43% are females. The current number of secondary schools is 5(District Education Department Report for FY 2020/2021). Secondary school enrolment is 20,493 students out of which 10,322 (50.3%) are males and 10,171 (49.7%) are females presenting gender disparities in favor of boys. Some of the performing Secondary schools in Hoima National Social Security Fund (Uganda) The National Social Security Fund (NSSF) (also NSSF Uganda ),

418-457: The new businesses and new residents. Land prices, rental rates, and other real estate costs in Hoima have gone up recently, as demand for real estate in the town and surrounding areas has increased. The city will be served by Hoima International Airport which is currently under construction and expected to be completed by December 2023. The following additional points of interest are found within

440-467: The remaining 300 square metres (3,229 sq ft). Mbarara City House, is the second NSSF real estate investment outside the capital city of Kampala. It was developed at a cost of USh3.9 billion (approximately US$ 1.2 million), between 2017 and 2019. Ugandan Minister of Finance Matia Kasaija appointed a new board of directors in September 2023, composed of the following members: The management of

462-492: The runway and cargo-handling facilities, is expected to be ready in 2020. This phase is primarily to support construction of the oil refinery . The second phase of construction, focused on the facilitation of passengers and boosting tourism and business, is expected to conclude in 2022. The project is expected to create about 1,000 jobs. Because of the increased economic activity in the area, Hoima has been upgraded to municipality status, with increased infrastructure to handle

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484-737: The shores of the lake in Hoima District and the neighboring Buliisa District . An oil refinery, the Uganda Oil Refinery , is planned in Kabaale Village, Buseruka Sub-county, Hoima District, approximately 34 kilometres (21 mi), west of Hoima. An oil pipeline, the Uganda-Tanzania Crude Oil Pipeline , is also planned to evacuate crude oil to the Tanzanian Indian Ocean port of Tanga . Consequently, Hoima

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