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: Jul 22nd, 2014 - 13:44:31 
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
Sierra Leone News : Serious Lapses in Freetown ...as Ebola Suspect Escapes PCMH
Sierra Leone News : President Koroma Turns Sod for 8◊6 Accommodation Blocks for RSLAF
Sierra Leone News : Joining the Fight against Ebola Disease: Sierra Leone State Lottery Presents Le50 Million Cheque to President Koroma
EDITORIALS
The Ebola Denial Starts from the Top
Commending Julius Maada Bio
Sierra Leone News: God Bless the SEA - Long live the SEA
FROM OUR TEAM
APOLOGY
Sierra Leone Police Must Explain the Detention of killed Pupilís Dad!
Time to take Sierra Leone back from Lying Hate Mongers
COMMENTS & OPINIONS
Focus on Parliament : The Ebola Conundrum
My Prayer for SIERRA LEONE
Momoh Konteh Leads Ebola Fight in the North
SPECIAL REPORTS
Sylvia Blyden Pays $7,000 to air freight items to fight Ebola in Sierra Leone
FEATURES
Consolidating The Values of Change, Continuity, Diversity and Innovation
Sierra Leone Society Enjoys Excellent Religious & Political Tolerance
EBOLA Update as of Tuesday 10th June, 2014
ENTERTAINMENT
ALONZO : TALK ABOUT SALONE
PROFILES
A Tribute to My Golden Lady - Cillaty Daboh on his Mum
A profile on Dr. Jill Biden Ö 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
RODNEY EDMOND MICHAELíS REACTION TO JOINT PRESS RELEASE BY THE MINISTRY OF SPORTS AND SLFA DATED 15TH JULY RELATING TO SUSPENSION OF PLAYERS AND OFFICIALS:
PRESS STATEMENT FROM THE OFFICE OF THE PRESIDENT
Sierra Leone President, VP & Ministers Donate Half of July Salaries to Fight Ebola
PAID SUPPLEMENTS
No articles available.
ADVERTISEMENTS
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