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: Sep 18th, 2014 - 17:14:41 
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, NASSIT’s 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 – a process to which NASSIT itself contributes as an investor in the real estate and tourism sectors.

NASSIT’s 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 NASSIT’s own headquarters.

Three new regional offices for the trust fund were opened by President Kabbah in May. Andrew Keili, NASSIT’s 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
Sierra Leone News : With Brand New 700 Beds Deployment: Britain Stands By Sierra Leone in Ebola Fix
Sierra Leone News : Until Ebola is Restricted, No Development will take place…says IG Munu
Sierra Leone News : Health Ministry & CRN Engage Rainbow Factory on Ebola Prevention
EDITORIALS
Can We Postpone the 3-Days?
Freetown Records 20 Ebola Cases in 2 days
Please Re-Open FIBank in Kailahun
FROM OUR TEAM
Sierra Leone Ebola Commentary: Alpha Kanu, Miatta Kargbo and Deaths Announced by the Three MRU Countries
APOLOGY
Sierra Leone Police Must Explain the Detention of killed Pupil’s Dad!
COMMENTS & OPINIONS
We Shall Overcome and Learn from It: Ebola in Sierra Leone
Adieu Dr Module Cole
Sierra Leone Local Content Policy: A Blessing to President Koroma's Agenda for Prosperity : PART ONE (CONTINUED)
SPECIAL REPORTS
Sylvia Blyden Pays $7,000 to air freight items to fight Ebola in Sierra Leone
FEATURES
Sierra Leone Investigative Newspaper rejects Bogus Allegations against Koroma, George Soros, Bill & Melinda Gates
Consolidating The Values of Change, Continuity, Diversity and Innovation
Sierra Leone Society Enjoys Excellent Religious & Political Tolerance
ENTERTAINMENT
ALONZO : TALK ABOUT SALONE
PROFILES
A Tribute to My Golden Lady - Cillaty Daboh on his Mum
A profile on Dr. Jill Biden … Wife of the US Vice President
Sierra Leone Government: Dr. Sylvia Olayinka Blyden, OOR.
THE ECONOMY
Sierra Leone Investment: Hon. Turay Cajoles UNESCO Investors
What does the deflating mining industry mean for Sierra Leone?
NOTICES & DOCUMENTS
Cape Lambert Working With Communities to Stop Ebola at Lunsar, Marampa Chiefdom & Port Loko District
Rokel Bank Postpones its 2014 AGM
Ebola Deaths Categories
PAID SUPPLEMENTS
No articles available.
ADVERTISEMENTS
EBOLA Breaking ‘NEWS’ - Do you seek good for Kenema & Kailahun?
RECRUITMENT OF A GENERAL MANAGER FOR TRANSCO CLSG
Central Medical Stores Compound New Englandville
SATIRE
SPECIAL POEM : A Tale of 2 Women
SLPP, be Grateful to Lt. Maada Bio
SLAJ is Fighting Everybody..!

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