• Google News
  • Contact us
  • Privacy Policy
  • Terms of use
  • Authors
Wednesday, July 2, 2025
  • Login
Nkumba University News
  • Home
  • News
  • VC’s diary
  • Entertainment
  • Business
  • Opinion
  • Health
  • Education
  • University events
  • Law Blogs
  • Sports
No Result
View All Result
  • Home
  • News
  • VC’s diary
  • Entertainment
  • Business
  • Opinion
  • Health
  • Education
  • University events
  • Law Blogs
  • Sports
No Result
View All Result
Nkumba University News
No Result
View All Result

Ayota Takes the Helm as New NSSF Managing Director

Simon Peter Nashonji by Simon Peter Nashonji
August 21, 2023
in News
Reading Time: 3 mins read
A A
0
0
SHARES
3k
VIEWS
Share on FacebookShare on Twitter



Patrick M. Ayota has been appointed as the National Social Security Fund (NSSF), new Managing Director.
The announcement, made by Minister of Gender, Labour, and Social Development, Betty Amongi, marks a turning point for NSSF as it strives to overcome recent challenges.

Ayota steps into the role following the departure of Richard Byarugaba, who sought to contest a decision denying the renewal of his contract.

Byarugaba, who served two stints as Managing Director, has been at the forefront of the NSSF for several years. However, the recent decision not to extend his contract was based on exceeding the mandated retirement age of 60.

Advertisement



Amidst this transition, Ayota, who has been designated as the Acting Managing Director, brings a wealth of experience to the position.

RelatedArticles

No Content Available

Having served as Deputy Managing Director since 2017 and Chief Finance Officer since 2011, Ayota’s deep understanding of the organization’s financial and operational intricacies positions him well to steer the NSSF into a new era.

Ayota officially took the reins on August 18, embarking on a five-year tenure that promises significant reforms and renewed focus on stability.

With allegations of mismanagement casting shadows on the NSSF’s activities, a parliamentary select committee probed into the Fund’s affairs, yielding a comprehensive set of 27 recommendations. Among these, the dissolution of the fund’s board, headed by Dr. Peter Kimbowa, emerged as a key proposal.

Hailing from Tororo district, Patrick Ayota’s journey has been marked by a commitment to financial excellence.


A Certified Public Accountant and member of the Institute of Certified Public Accountants of Uganda, Ayota’s academic journey took him from local Ugandan schools to Liberty University in Virginia, where he obtained a Bachelor of Science degree.


He further honed his expertise at the University of South Carolina, earning a Master of Business Administration.

Advertisement


Ayota’s professional trajectory has been equally impressive. Following his academic pursuits, he gained valuable experience at Atlanta’s Reznick Group, now known as CohnReznick.

His return to Uganda in 2007 led him to Barclays Bank (now Absa Bank Uganda Limited) as the Head of Finance. In 2010, Ayota’s path intersected with NSSF Uganda, where he assumed the role of Chief Finance Officer.

His ascent through NSSF’s ranks was punctuated by his appointment as Deputy Managing Director in 2017, solidifying his influence within the organization.


Now, as he steps into the role of Managing Director, Ayota’s mission is clear: to steer the NSSF toward a future defined by accountability, transparency, and sustained growth.

As the NSSF navigates the challenges laid out by the parliamentary committee, Patrick Ayota’s leadership promises a new dawn for the organization. With his qualifications, experience, and determination, he stands poised to lead the NSSF into an era marked by stability, reform, and renewed trust from beneficiaries and stakeholders alike.

Advertisement
Tags: NSSF
Previous Post

Joshua Cheptegei claims third consecutive world 10000m championship

Next Post

Crystal Palace 0-1 Arsenal, 10 Men Gunners Silence Crystal Palace

Simon Peter Nashonji

Simon Peter Nashonji

Nashonji Simon Peter is a seasoned communications professional with over 10 years of experience in Journalism, Public relations, and Leadership. He is the Assistant Public Relations Officer at Nkumba University, and holds key leadership roles in student and alumni associations. Currently pursuing a Master’s in Public Relations and Strategic Communication, Nashonji is also a former Media Challenge Fellow and Editor of Nkumba University's News Website.

Related Posts

Prof. Francis Kasekende

Prof. Kasekende Urges Alignment of Academic Research with Practical Organisational Realities

June 27, 2025
3k
Prof. Benon Basheka

Prof. Basheka Calls for Transformative Governance and Digital Resilience at International Conference

June 26, 2025
3k
Law Students Sue Attorney General in East Africa Court of Justice Over EAC Law

Law Students Sue Attorney General in East Africa Court of Justice Over EAC Law

June 25, 2025
3.1k
Prof. Jude Lubega , Project Lead and Madam Mary Nantumbwe During an Inception Report Presentation at UCC

Nkumba-UCC Project to Supplement Chalkboards with Smartboards in Primary Teaching

June 21, 2025
3k
Finance Minister Matia Kasaija // Courtesy Photo

Government Commits Over 5 Trillion Shillings to Education Sector

June 12, 2025
3k
Nkumba Among the Three Universities that Benefited from the TotalEnergies – SLB Donation

Nkumba Among the Three Universities that Benefited from the TotalEnergies – SLB Donation

June 11, 2025
3.1k
Load More
Next Post

Crystal Palace 0-1 Arsenal, 10 Men Gunners Silence Crystal Palace

Discussion about this post

Trending Stories

Uganda’s top ten taxpaying companies and their economic impact

July 1, 2024
4.4k

I.K Musaazi and his Role in Triggering Uganda’s Independence

October 9, 2023
3.8k

Signs and Symptoms prompting you to go for vaginal cancer screening

September 14, 2022
3.6k
NULS EXECUTIVE

Nkumba Law Society Unveils New Leadership Structure

June 7, 2025
3.4k

Nkumba University Law Society to Honor Legacy of Late Prof. Kakooza with Memorial Tournament

September 25, 2024
3.4k
The Late Eng. Dan Ssebugwawo

Veteran Engineer Daniel Nkalubo Sebugwawo passes on

December 21, 2024
3.4k

About us

We are the only source of captivating news stories, insights, and updates within and beyond the vibrant community of Nkumba University. Our dedicated team of prolific writers and budding Journalists are committed to delivering timely, accurate, and engaging content that will keep you not only informed but also entertained. Nkumba University News – “We Tell the Story” from the perspective of the Source.

Quick Link

  • Advertise with us
  • Newsletters
  • Complaints
  • Our Authors
  • Submit an Article
  • Contact us
  • University Website

Socialise Here

Editor's Pick

Prof. Kasekende Urges Alignment of Academic Research with Practical Organisational Realities

Prof. Basheka Calls for Transformative Governance and Digital Resilience at International Conference

Law Students Sue Attorney General in East Africa Court of Justice Over EAC Law

Nkumba-UCC Project to Supplement Chalkboards with Smartboards in Primary Teaching

Partner with Us

  • Be part of Nkumba News
    Share news tips by getting in touch here

For any Inquiries, contact us on +256759116087 +256786 930552

Email: news@nkumbauniversity.ac.ug

 © 2024 Nkumba News . All rights reserved 

  • Google News
  • Contact us
  • Privacy Policy
  • Terms of use
  • Authors

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • VC’s diary
  • Entertainment
  • Business
  • Opinion
  • Health
  • Education
  • University events
  • Law Blogs
  • Sports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.