Airtel Uganda, a leading provider of telecommunications and mobile money services, recently presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows NSSF’s strategic acquisition of shares in Airtel Uganda during the company’s initial public offering (IPO). This payout follows Airtel’s 2023 decision to list in Uganda, becoming the second telecom company on the Uganda Securities Exchange. The company offered 8 billion ordinary shares representing 20% of its equity at UGX 100 per share. While the IPO raised UGX 211.4 billion, below the UGX 800 billion target, it attracted 4,614 new shareholders…
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