Uganda’s National Social Security Fund (NSSF), MTN Uganda’s second-largest shareholder has welcomed the just-released 2021 MTN Uganda results as impressive and said that the declared dividend is timely. In an online interview with CEO East Africa Magazine, Richard Byarugaba, the Managing Director of NSSF said: “Impressive subscriber growth (mobile subscribers – 10.7% to 15.7M), and double-digit growth in key segments (data and mobile money) coupled with operational efficiencies contributed towards a 14% growth in operating earnings. The dividend declared and due for approval and payment is a plus for investors given the challenging times.” With 8.84% shares, NSSF is MTN…
Great execution, under tough times― MTN Uganda’s major shareholder, NSSF and other financial analysts weigh in on 2021 results

NSSF Managing Director, Richard Byarugaba (right) has hailed MTN, led by Wim Vanhellepute (left) for resilience and efficiency.



