NSSF savers reap UGX 80.6 billion dividends from MTN Uganda in three years

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Sylvia Mulinge, MTN Uganda Chief Executive Officer (left center) hands over a dummy cheque to Patrick Ayota NSSF Managing Director (right-center) of UGX39.7billion dividend payout from the telecom for the year ended December2023 while Kenneth Owera, NSSF Acting Chief Investment Officer (far right) and Andrew Bugembe, the MTN Chief Financial Officer(far right) look on. The event took place during a press briefing held on Thursday in Kampala.

The National Social Security Fund (NSSF) has reaped a total of UGX 80.6 billion from its investment in MTN Uganda over the last 3 years, following payment of UGX 39.8 billion dividends for the year ended December 31, 2023. The payment is the largest the Fund has earned from a listed company in the region this year, NSSF Managing Director Patrick Ayota said during a media conference at Workers House on Thursday. “Not only is MTN Uganda the highest dividend payer across our equity portfolio this year, but the company has also been consistent in delivering positive growth over the last…

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