AWARENESS TIMES
Sierra Leone News & Information

State House | Press Union | Lumley Beach | AllAfrica | SL-Web

www.awarenesstimes.com

  Giving Knowledge to the People
welcome to sierra leone's premier news source
Last Updated: Aug 24th, 2016 - 14:11:09 
Front Page 
 
 NEWS
 Breaking News
 Local News
 Politics
 Photo News
 Video News
 
 EDITORIALS
 
 FROM OUR TEAM
 
 COMMENTS & OPINIONS
 Moiie's Column
 
 SPECIAL REPORTS
 Afsatu Kabba
 
 FEATURES
 
 ENTERTAINMENT
 
 PROFILES
 Role Models
 Awareness Lady
 Common Man
 
 THE ECONOMY
 
 NOTICES & DOCUMENTS
 Special Messages
 Legal Matters
 Obituaries
 
 PAID SUPPLEMENTS
 
 ADVERTISEMENTS
 
 SATIRE
Search


Published online by
Sylvia Blyden Dot Com

17 Garrison Street,
Freetown,
Sierra Leone.
Tel: +232-77-772001
Tel: +232-88-321000
Tel: +232-76-350077
Tel: +232-30-321001
Email:
editor@news.sl
Website:
www.awarenesstimes.com

FEATURES  

NASSIT: A Success Story
By
Sep 12, 2007, 18:35
Email this article
 Printer friendly page

Many Sierra Leoneans were unconvinced when the National Social Security and Insurance Trust (NASSIT) was established five years ago to administer the national pension fund and provide other benefits. Since then, NASSIT has won the confidence of its contributors and has become arguably the richest organisation in the country, as well as an important local investor. As Edmund Koroma, NASSITís general director, points out, "social security institutions the world over must be transparent, accountable and have the capacity to resist political pressure, if they are to be successful."

Contributions are mandatory for all employees in the private and the public sectors, while self-employed workers can join the scheme on a voluntary basis. Registration of contributions from the private sector has seen a significant increase as the economy has expanded Ė a process to which NASSIT itself contributes as an investor in the real estate and tourism sectors.

NASSITís first major investment was a $5.4 million concrete products factory, a joint venture with the Ghanaian firm, Regimanuel Gray. NASSIT has also entered into a joint venture with Henan Guoji Property Development Company of China to build a hotel resort and is a partner in the Kimbima Hotel.

Other investment projects include a plaza/transportation terminal in Kenema and construction of a tower block that will partly serve as NASSITís own headquarters.

Three new regional offices for the trust fund were opened by President Kabbah in May. Andrew Keili, NASSITís Chairman, says, "The basic point about a social security fund like NASSIT is that it should be profitable, because your first priority is to your stakeholders: you have to be able to pay benefits.


© Copyright by Awareness Times Newspaper in Freetown, Sierra Leone.

Top of Page

Latest Headlines
NEWS
SLPP & APC MPs Call for Checks on All NGO Vehicles
Sierra Leone News : IG Munu Suspends 2 Senior Police Officers over Kabala Incidence
Sierra Leone, South Sudan Meet on Post War Reconciliation and Justice Experience Sharing
EDITORIALS
Sierra Leone: Why Always Port Loko? Why? Why?
$200,000 AFCOM Scandal: Why VP Foh Must Be Very Careful
Front Page Editorial Advise... Tiffy Tiffy AFCOM's $200,000 Fake VSAT Contract & Hon VP Foh
FROM OUR TEAM
APOLOGY FOR DELAY IN WEBSITE NEWS UPDATES
Rogue Judiciary Catalysed Civil War - Sierra Leone Citizens
Sierra Leone News: Awareness Times Newspaper is back after Holiday Break
COMMENTS & OPINIONS
Awareness Times Reacts as Deputy Social Welfare Minister Rugiatu Neneh Turay References Us Whilst Publicly Challenging Government Policy & Her Boss right on her Facebook page
Abdul Malik Bangura writes Osman J. Conteh (OJC) over Claims of Partiality against Deputy Social Welfare, Gender and Childrenís Affairs Minister
Surrur Wages War on Social Media... Drags Civil Service to Gutters
SPECIAL REPORTS
Sierra Leone Cabinet Minister Calls On Police to Investigate Conspiracy to Defraud Donor Funds
Sierra Leone Presidentís Wife Denies being Infected by Ebola
Mr. Edward Babatunde Blyden Located: We Give God the Glory!
FEATURES
Who is Theresa May: A Profile of UK's New Female Prime Minister
Quotable Quote: Kamarainba on Dr. Sylvia Blyden
WHEN PRESIDENT KOROMA PROMISES HE DELIVERS-HEALTH MINISTER TELLS WATERLOO PEOPLE
ENTERTAINMENT
ALONZO : TALK ABOUT SALONE
PROFILES
OJU Wilson - Your contribution to the Human Rights Struggle and the Rule of Law will never be forgotten
Sierra Leone Politics : Alhaji Osman Foday Yansaneh, a Muslim Steering an all-inclusive APC Secretariat
TRIBUTE TO DR. V R WILLOUGHBY
THE ECONOMY
Sierra Leone Investment: Hon. Turay Cajoles UNESCO Investors
NOTICES & DOCUMENTS
World Vision pledges support to ending early marriage in Sierra Leone
That Very Serious Bias Against the North:An Urgent Need to Re-Draw Administrative Boundaries.
Honourable Minister Dr. Sylvia Blyden Thanks UNICEF
PAID SUPPLEMENTS
Sierra Leone Health Ministry Hails International Insurance Company
Sierra Rutile in Advertorial on its activities
ADVERTISEMENTS
EBOLA Breaking ĎNEWSí - Do you seek good for Kenema & Kailahun?
SATIRE
RETRACTION!!
SPECIAL POEM : A Tale of 2 Women
SLPP, be Grateful to Lt. Maada Bio

Copyright © 2005 - 2010, Awareness Times Sierra Leone; All Rights Reserved.
Hosted & Designed by West Africa Dot Net