National Social Security Fund (NSSF) has entered into a Memorandum of Understanding (MoU) with Uganda Registration Services Bureau (URSB) to enable information/data sharing on companies registered with URSB and bio-data for NSSF members.
Speaking at the MoU signing in Kampala on Monday, NSSF managing director Richard Byarugaba said: “Under this arrangement, URSB will provide NSSF with information on companies and bio data for NSSF’s members. This information is vital in enabling the Fund improve compliance and benefits processing.
He added: “Our partnership with URSB is therefore very timely because it enables us access vital information on companies necessary for our compliance audits. We therefore believe that with increased access to information, our compliance levels will improve to 82 per cent by close of this financial year up from the current 77 per cent.”
On the other hand, URSB registrar general Bemanya Twebaze said URSB will have a registration centre at NSSF, while the Fund will also have a service centre at URSB.
“Synergies like this are among the drivers of service delivery through complementing each other and providing a platform for sharing best practices, experiences and establishing networks,” Mr Bemanya said.
Uganda Registration Services Bureau is mandated under cap 210 of the Laws of Uganda, to deliver a number of registration services aimed at facilitating and enabling the private sector growth, boosting the investment climate in the country.