Our Sustainability
01Explore the Chairman’s perspective on responsible investment, financial inclusion and Vision 2035, and how the Fund is strengthening the people, businesses, communities and economy that support lasting wellbeing for members and future generations.
Chairman, Board of Directors
"We believe that inclusive sustainable wellbeing is created together. Every contribution entrusted to the Fund represents more than a financial investment; it is a belief in people, confidence in our shared progress and an investment in Uganda's future. By strengthening the ecosystem in which our members live and work, we create lasting value for generations to come."
Currently, Uganda stands at an important moment in its sustainable development journey. Through the Fourth National Development Plan (NDP IV) and the Government's Ten-Fold Growth Strategy, the country has articulated an ambitious vision for inclusive economic transformation.
Our responsibility therefore extends beyond managing retirement savings. Through responsible investment, expanded social protection and long-term capital mobilisation, we are committed to strengthening the broader ecosystem that enables our members and the country to thrive.
Every investment we make is guided by the principles of prudent stewardship, responsible governance, and long-term value creation. As the Fund grows, so does our ability to invest in opportunities that support productive sectors, strategic infrastructure and nationally significant initiatives that generate sustainable returns while strengthening Uganda's economic resilience.
"The sustainability of NSSF depends on the sustainability of the people, businesses, communities and economy we serve. When they thrive, our members thrive, and so does the Fund."
Assets under management target
UGX 80TnOne of the most significant developments during the year under review, was the Board's decision to refresh Vision 2035, reflecting both the progress achieved and the opportunities that lie ahead.
While our long-term assets under management target has increased from UGX 50 trillion to UGX 80 trillion, this growth is not an end in itself. It represents a greater responsibility to create sustainable value for our members while deepening our contribution to Uganda's long-term development.
"The stronger the Fund becomes, the greater our ability to improve members' financial wellbeing while contributing to Uganda's long-term prosperity."
Ugandans — coverage ambition
≈ 15MnExpanding social security coverage is central to our long-term sustainability strategy. Our ambition to extend coverage to approximately 15 million Ugandans is about far more than growing membership. It is about expanding financial inclusion, strengthening household resilience, mobilising domestic savings and ensuring that more people can meaningfully participate in building Uganda's long-term economic progress This will strategically reduce future financial vulnerability while enhancing long-term financial wellbeing.
Beyond expanding access, we remain focused on building awareness, trust, and financial capability among workers in the informal economy. Encouraging long-term saving requires ongoing engagement and education that enables individuals to make informed financial decisions, strengthen their resilience and capacity to participate more confidently in Uganda's future prosperity.
Investing for sustainable growth
ReturnsSustainability guides our investment strategy.
We pursue competitive long-term returns through investments that also support economic growth, employment, resilient communities, and improved livelihoods.
Initiatives such as the National Marketing Company, alongside investments in infrastructure, sustainable housing and strategic sectors, demonstrate our commitment to shared value and Uganda’s development.
We will continue to direct long-term capital towards nationally significant opportunities, supported by disciplined investment selection, strong governance, and our fiduciary duty to members.
Sustainability shaped how we governed, invested, operated and served our members.
Our Sustainability Report highlights our progress in embedding ESG principles across the Fund to manage risk, seize opportunities and create lasting value for members and stakeholders.
The Board’s approval of the Fund’s ESG Policy was a significant milestone in strengthening the integration of sustainability into governance, investment, risk management, and operations. We are advanced through responsible procurement, resource efficiency, waste reduction, and our transition towards net-zero greenhouse gas emissions by 2050.
We continued to invest in our people and digital capabilities to strengthen performance, expand access and deliver sustainable value to more Ugandans.
Through effective Board oversight and constructive partnership with Executive Management, we remain committed to transparent governance, resilient growth and enduring value for our members and future generations. In addition to creating value for our members, it was necessary to align the Fund’s investment strategy to the government’s national development agenda.
"Sustainability is not a separate strategy. It is the lens through which we invest, govern, innovate and create long-term value."
As we look to the future, we do so with confidence.
Our refreshed Vision 2035 and the Government's Ten-Fold Growth Strategy present an opportunity not only to expand the Fund, but also to deepen our contribution to Uganda's sustainable development.
We will continue broadening social security coverage, mobilising long-term domestic savings, investing responsibly and strengthening the resilience of the ecosystems that support our members.
Our ambition is clear: to create sustainable wellbeing that benefits today's members while expanding opportunities for future generations.
I convey my sincere appreciation to my fellow Board members for their stewardship and commitment to responsible governance. I also thank the Managing Director, Executive Management, and every employee of NSSF for their dedication to embedding sustainability into every aspect of our business.
I further acknowledge the continued guidance and support of the Ministry of Finance, Planning and Economic Development and the Ministry of Gender, Labour and Social Development, whose partnership remains instrumental in strengthening Uganda's social security system and advancing sustainable national development.
Finally, I thank our members, employers, and stakeholders for the trust they continue to place in the Fund. Your confidence inspires our commitment to creating sustainable wellbeing, strengthening our shared progress, and investing in Uganda's future.
NSSF Integrated Report 2026
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