Uganda: Parliamentary Pension Scheme Halts Kampala Building Investment Over Lack of Details

What the report says

Uganda’s Parliamentary Pension Scheme has stopped plans to invest in a commercial building in Kampala after trustees said the project was not supported by enough financial and technical information. The development was reported by Nile Post and distributed by AllAfrica, with the scheme’s leadership saying the pause was meant to protect members’ savings and avoid a risky commitment.

The move follows objections raised in August by a group of MPs, led by Kinkizi West MP James Kaberuka, who complained about how contributors were consulted. In a letter to the scheme’s chief executive dated August 14, 2026, the lawmakers urged full disclosure of the project’s details before members were asked to take a position. They argued that the consultation process did not properly respect contributors’ rights and financial interests.

Jessica Ababiku, the parliamentary commissioner on the scheme’s board, said the new board had chosen to suspend the investment because the previous board had approved it without providing enough information. She said the scheme should focus on transparent and financially sound projects. Ababiku also encouraged current and former legislators to join the scheme so their retirement savings could grow.

According to the report, the scheme had savings of Shs593 billion as of June 30, 2026, and about 1,400 members. The decision highlights broader concerns about governance, disclosure and oversight as parliamentary pension funds consider larger investments.