The National Social Security Fund (NSSF) has earned a total of UGX 31.5 billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda, East Africa’s largest national savings fund by value, invested UGX 360 billion in December 2021 to acquire 1.98 billion shares in MTN Uganda following its Initial Public Offer (IPO) in December 2021. The payment is the single largest dividend earned by the Fund to date, in addition to UGX 9.32 billion earned last year from Uganda’s largest telecommunications operator. It follows the approval of payment of a final dividend…
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