The National Social Security Fund (NSSF) has received a UGX 42.6 billion dividend cheque from Airtel Uganda, further demonstrating the returns generated from its investment in the telecommunications company.The cheque was handed over to NSSF Managing Director Patrick Ayota by Airtel Uganda Managing Director Soumendra Sahu during a ceremony hosted by Airtel Uganda.
The latest payment relates to Airtel Uganda’s financial year ended December 2025.NSSF revealed that its investment in Airtel Uganda dates back to the company’s Initial Public Offering (IPO) in 2023. During the IPO, the Fund invested UGX 199 billion to acquire more than 4.21 billion Airtel Uganda shares at an effective price of UGX 47.17 per share.The investment gave NSSF a 10.547 percent stake in Airtel Uganda, a stake that the Fund continues to hold. According to NSSF, the investment has continued to generate income for the Fund and contribute to the performance of its equities portfolio.With the latest UGX 42.6 billion dividend payment, NSSF’s total gross dividends earned from Airtel Uganda since the 2023 investment have reached UGX 82.3 billion.
The returns have strengthened the Fund’s income from equities and created additional value for its members.Ayota highlighted Airtel Uganda’s contribution to the Fund’s equities portfolio, noting that NSSF’s overall dividend income increased significantly during the last financial year. The Fund’s dividend income grew by 55 percent, rising from UGX 238.14 billion to UGX 369 billion.
The Airtel Uganda investment is therefore emerging as an important part of NSSF’s strategy of investing members’ savings in assets capable of generating long-term returns. By maintaining its stake in the listed company, the Fund continues to benefit from dividend payments while retaining its ownership interest in Airtel Uganda.NSSF said the continued returns from Airtel Uganda demonstrate the importance of its investment approach in growing members’ savings and creating sustainable value. The latest dividend payment also comes as the Fund continues to expand and strengthen its investment portfolio across different asset classes.
