NSSF ups stake in Umeme

By Silvia Nyambura The National Social Security Fund (NSSF) has bought 121,820,850 more shares of power utility company Umeme Limited at a price of Ushs 488 per share. This translates to an additional investment of about Ushs 59.4 billion in the company effectively increasing the Fund`s total stake to 23% (373,771,921 shares) from 15.5% (251,951,071 shares). This follows an announcement last