NSSF board chairman Ivan Kyayonka is dead

Phillimon Badagawa — Fri, 08 May 2015 18:52:23 +0000

Kyayonka Ivan is dead

Darkness has befallen again, Ivan Kyayonka is dead. Kyayonka breathed his last at Nairobi Hospital in Kenya on Friday 8th May 2015 where he had been admitted.

He has been serving as the board chairman of National Social Security Fund (NSSF).

Kyayonka was appointed to this position on 1^st June 2012 for a three year’s contract.

At the time of his death, Kyayonka had transformed NSSF to a level that is admirable.

His efforts saw NSSF’s Total Assets grow by 61 percent from Ushs 1.6 trillion in June of 2012 to Ushs 4.5 trillion in June 2014.

In the same period, contributions grew by 34 percent from Ushs 162.8 billion to Ushs 635.7 billion while interest rates grew from 10% to 11.5%. Benefits paid out to members also grew by 64% from Ushs 64.5 million to Ushs 165.9 billion.

Besides NSSF, he also served as the Country Chairman of Shell Uganda; a company he joined in 1982 after graduating as an Engineer.

Kyayonka worked briefly as managing director for Vivo Energy Uganda in 2013 and he has been one of the Trustees of the Uganda Cricket Association.

As an inspiring Director, mentor and a loving parent, Kyayonka’s death has not only left NSSF Board members in a shock but also left many Ugandans in a cold. R.I.P.

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NSSF board chairman - Uganda Multimedia News & Information

NSSF board chairman Ivan Kyayonka is dead