Uganda @ 50: Byarugaba Tips on Strengthening Pensions Sector

NSSF MD Richard Byarugaba

Inspector General of Police Gen Kale Kayihura this morning met with the leadership of the opposition Forum for Democratic Change [FDC], sildenafil see to discuss their planned countrywide mobilization meetings.

The regional meetings, medical check which were announced on Wednesday by the Party NEC were scheduled to commence tomorrow October 10th in Rukungiri District in South Western Uganda.

According to the FDC Chief mobilizer Mrs Ingrid Turinawe, the exercise is aimed at identifying lower level candidates, rolling out party primary elections, recruitment and sale of party cards.

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The Party, she revealed yesterday, officially communicated to Police about the said meetings as required by the law.

However, in today’s meeting at the Police Headquarters in Naguru, IGP Kale Kayihura raised concerns that the communication they tendered in was not sufficient.

Kayihura informed the party leaders that their letter did not amount to “notice” within the meaning of Section 5 of the Public Order Management Act.

He also noted that the said rallies were likely to violate the laws and guidelines set by the national Electrical Commission. It was on these grounds that the Police boss denied party permission to proceed with their program.

Earlier on Thursday, the Rukungiri District Police Commander ASP Wotwaali made a radio announcement making it clear that the opposition party meetings would by no means be permitted in the area.

He cautioned the public against turning up for the rally, adding that those that remain adamant would do so at their own peril.

FDC’s Ingrid Turinawe however was insistent that they would proceed with their planned rallies irrespective of the police’s thoughts.

Kampala Metropolitan Police Commander Abas Byakagaba addressing press in Naguru on Friday

Kampala Metropolitan Police Commander Abas Byakagaba addressing press in Naguru on Friday

Addressing press on Friday evening in Naguru, Kampala Metropolitan Police Commander AIGP Abas Byakagaba revealed that the IGP had officially communicated to Najjanankumbi about today’s resolutions.

He further said that both parties had agreed to engage in more talks on Saturday morning with the officials at the Electoral Commission to get to the bottom of the matter.

IN KIGALI, more about RWANDA

Celebrations to mark Uganda’s 53rd Independence Day celebrations are underway in Kigali, troche Rwanda.

Ugandans from all walks of life are gathered at Kigali Serena Hotel to mark a special day in the country’s history.

In attendance are Uganda’s Ambassador to Rwanda Richard Kabonero, Rwanda Foreign Affairs Minister Louise Mushikiwabo, NSSF Managing Director Richard Byarugaba and Knight Frank Rwanda MD Judy Rugasira among others.

Byarugaba has just given key remarks on strengthening the pension sector in the region, urging governments to desist from seeking funds from external sources and foreign aid.

He said money for big infrastructural projects such as roads should be raised from pension contributions of citizens.

Byarugaba advised that the percentage of monthly contributions to the pension funds should be raised, giving an example of Malaysia and Singapore which deduct 30 percent from savers’ salaries thus creating a sizeable pool of funds for investment.

Byarugaba said apart from Tanzania and Uganda, very few countries in Africa inject pension funds into infrastructure projects.

The NSSF boss further rooted for “greater professionalism and expertise in governance of pension schemes” to enhance economic growth.

To strengthen the sector, Byarugaba said governments should “support long term investments” and ensure institution have sufficient economies of scale to implement big projects instead of going abroad to look for funds.

He concluded by urging regional governments to create a transparent environment for which investments can be accomplished.

Cultural music dancers are currently entertaining guests as they enjoy dinner. Marcus Kwikiriza is the MC of the night.


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