The purpose of this 2020/21-2024/25 strategic plan is to map out the strategic direction and activities which will enable the Authority to implement its mandate for a period of five (5) years. This plan not only provides direction and better positioning of the Authority but also a tool to drive growth as well as vibrancy in the retirement’s benefits sector in Uganda. The process of developing this strategic plan was participatory, involving consultations with URBRA’s Board of directors, management and staff.
A sector analysis and a scan of URBRA’s operating environment was carried out focusing both on the internal and external environment. The analyses resulted in the identification of the internal and external strengths and weaknesses as well as stakeholder roles and obligations. The Authority’s risk analysis was also done. The situational analysis culminated in the identification of strategic issues that were key in developing the Authority’s Vision, Mission and Core values.
- Vision: A Vibrant, Secure and Sustainable Retirement Benefits Sector
- Mission: To Regulate, Supervise and Promote the Development of a stable and effective Retirement Benefits Sector
- Core values: Proficiency, Integrity, Innovation, Transparency, Accountability
- Our Slogan: "Protecting your retirement benefits"
Within a broad framework, the 2020/21-2024/25 Strategic Plan focuses on three strategic goals to be implemented over the plan period namely;
- A Sound Supervisory Framework
- A Trusted and Respected Regulatory Authority
- Effective and Efficient Service Delivery
For each strategic core area, the Authority has formulated a number of strategic objectives, strategies and key performance indicators to guide its operations over the planning period. The activities that define the implementation and objectively verifiable indicators are presented in the implementation matrixes as the matching components to the expected outputs. The Authority also identified critical success factors necessary for the implementation of the strategic plan.
The implementation of the three strategic core areas is complemented by support functions namely; monitoring and evaluation and financing and sustainability. While the monitoring and evaluation is designed to facilitate URBRA to track progress against defined indicators, a robust resource mobilization strategy will bring in resources to fund activities as outlined in this Strategic Plan.
To read more download the Strategic Plan, click the link below;