By Silvia Nyambura
The National Social Security Fund (NSSF) has bought 90 million shares in Equity Group bringing its total shareholding to 92.5 million shares. This represents a 2.44% stake in the regional financial institution. The transaction is valued at Ushs 145 billion.
Making the announcement in Kampala yesterday, NSSF MD Richard Byarugaba said the move was in line with the Fund’s approach to guarantee competitive returns to its members.
“Equity Group is a trail blazer given its impressive growth over the years. Since the year 2,000, the Group’s pretax profits have grown at an annual average of 65%. This investment creates an opportunity for us to manage our risk exposure by diversifying our portfolio,
