In fulfilment of Uganda Retirement Benefits Regulatory Authority Act 2011, the sponsors appointed qualified trustees in the names of Dr. Gudula Naiga Basaza (chairperson), Dr. Agnes Apea Atim, Hon. Apollo Makubuya, Mr. Simon Ssekankya and Mr. Everest Kayondo to oversee the management of the scheme under close supervision of Uganda Retirements Benefits Regulatory Authority (URBRA). The trustees in turn appointed ICEA Life Assurance Company Limited as administrator, Housing Finance Bank Limited as custodians and Stanlib Uganda Limited as Fund Managers. This has ensured effectiveness and efficient operation of the scheme.
Saving for retirement is one of the biggest challenges in Uganda especially in the informal sector where mandatory contributions are not made. However, KACITA Uganda is pleased to introduce to you KACITA Uganda provident fund scheme locally known as TEGEKA. The scheme deals in saving money for its members to have a dignified retirement.
Basing on the good governance, the scheme has held a variety of financial literacy workshops this year to equip its members with skills and knowledge about saving for future. The scheme has made milestone in its enrollments and this has boasted our monthly contributions. With such massive contributions, our fund manager has been able to invest in productive ventures and by the end of the year, our members will be given a competitive interest from their monies being invested.
The scheme has mega plans for the year 2019 to its members and the entire public. We are planning to have massive publicity next year through radio and TV talk shows, visit various institutions and companies, hold seminars and have door-to-door activities. By doing this, we would be increasing our visibility and effectiveness in the country.