Housing Finance Bank Sponsors 2023 NSSF Kampala Hills Run to Support Education in Uganda

Kampala:Housing Finance Bank has announced its official partnership with the National Social Security Fund (NSSF) and sponsorship of UGX 150 million shillings for the upcoming 2023 NSSF Kampala Hills run, scheduled for July 2nd, 2023.

This collaboration aims to significantly impact the education sector in Uganda, in line with the bank’s commitment to sustainability.

After a two-year hiatus due to the COVID-19 pandemic, the NSSF Kampala Hills Run returns to mobilize funds for improving public schools, with this year’s edition targeting UGX 1 billion to support refurbishment, sanitation enhancements and the provision of digital labs in over ten public primary schools across the country.

Mr. Medad Mwesigwa, Chief Financial Officer at Housing Finance Bank, highlighted the bank’s motivation behind the sponsorship, stating, “Education is universally recognized as a crucial driver of economic success and social progress. Quality education and training are fundamental to building high-skills, knowledge-based economy for sustainable development. Goal 4 of the sustainable development goals emphasizes the importance of equitable quality education and lifelong learning opportunities for all. Housing Finance Bank is committed to enhancing the quality of Education in Uganda.”

During the press conference, Mr. Patrick Ayota, Ag. Managing Director at NSSF emphasized the alignment between the run and the fund’s community interventions agenda, focusing on Health, Education, Youth, and Underprivileged groups. He said, “Our interventions have addressed significant challenges our communities face and inspired other corporate institutions to contribute. This run is a major initiative to raise funds to improve learning conditions in public primary schools.”

Mr. Ayota also shared the positive impact of previous run editions, explaining that the funds raised were utilized to refurbish 60 classroom blocks and improve sanitation in 13 primary schools in Kampala. As a result, over 15,000 pupils benefit from these enhanced facilities daily, leading to a 12% increase in student enrollment and a 10% reduction in dropout rates in the beneficiary schools.

To participate in the run, groups or organizations can register through the NSSF website at https://www.nssfug.org/nssfrun or visit selected Housing Finance Bank branches in Kampala (Kololo, Garden City and Kampala Road). Individual participants can register and obtain a kit for Ushs 25,000 by dialling *217*277# on either the Airtel or MTN networks.

Housing Finance Bank and NSSF warmly invite all well-meaning Ugandans, whether individuals, groups, or corporate institutions, to join this noble cause and inspire the next generation of professionals in Uganda.

Housing Finance Bank focuses on making banking easy and enabling customers to be in control of their financial and banking needs. First incorporated as a private limited company in 1967 as Housing Finance Company Uganda Limited, carrying out business as a non-banking credit institution, providing mortgage finance and accepting savings deposits from the public. Subsequently, the Bank became licensed and regulated by the Bank of Uganda as a Commercial Bank in 2007 to carry on the business of banking under the Financial Institutions Act and changed into a public limited liability company known as Housing Finance Bank Limited.

The National Social Security Fund Uganda is a multi-trillion Fund mandated by Government through the NSSF Act, as amended, to provide social security services to employees in the private sector.  The Fund is a secure, innovative, and dynamic social security provider that guarantees safety, security, and a competitive return on members’ savings of over 2% above the 10-year inflation average. The Fund manages assets worth over UGX 17.8 trillion, invested in Fixed Income, Equities and Real Estate assets within the East Africa region. As the largest Fund in East Africa by value, we have the ambitious goal of growing our Assets Under Management to 20 trillion by 2025.  The Fund is regulated by the Uganda Retirement Benefits Regulatory Authority while the Minister of Gender, Labour & Social Development, and the Minister of Finance, Planning & Economic Development are responsible for policy oversight.