Kampala– National Social Security Fund Managing Director Richard Byarugaba has described the passing on of their board chairman as devastating at the time when the pension sector is set to be liberalized.
Speaking to EagleOnline, Byarugaba, who is currently out of the country, said Kyayonka’s death is a blow to the management of NSSF and the entire worker force because the deceased was an asset in the field of private sector liberalization. He sent condolences to the family of the deceased.
“We are saddened by the passing away of our board chairman at this critical moment when the pension sector is under liberalization and it is unfortunate that he has died before we could conclude that process. He managed the board that had many stakeholders and he will be missed dearly,” Mr Byarugaba said, adding “and I want to pass on my condolences and that of the management of NSSF to his family especially his wife and children.”
A cricket enthusiast, Kyayonka died on Friday evening in the Kenyan capital Nairobi where he had gone for specialized treatment.
Kyayonka was serving his last term at NSSF as a board chairman. He had previously served at Shell Uganda (now Vivo Energy) for a long time as the company managing director.
Meanwhile, by press time Bank of Uganda Governor Emmanuel Tumusiime Mutebile had reportedly been flown out of the country to South Africa for treatment.
