Airtel Uganda hands Sh42.6 billion dividend to NSSF

What the report says

Airtel Uganda has paid a dividend of Sh42,609,880,000 to the National Social Security Fund, reflecting returns on NSSF’s stake in the telecom company, according to The Independent Uganda. The handover took place in Kampala and was presented by Airtel Uganda Managing Director and CEO Soumendra Sahu to NSSF Managing Director Patrick Ayota.

The report says NSSF owns 10.6% of Airtel Uganda and is the company’s largest Ugandan institutional shareholder. Airtel linked the payout to a year of network expansion, operational improvements and efforts to improve service delivery. Sahu said the company sees the dividend as evidence of value creation from long-term savings invested in productive businesses.

The article also places the payment alongside NSSF’s recent announcement of a record 22.53% interest rate for the financial year 2025/26, which the fund said would credit Sh5.44 trillion to members’ accounts. Ayota said the Airtel investment was made on behalf of NSSF’s 2.6 million members and described it as a significant contributor to the fund’s overall returns.

The report further notes that Airtel Uganda recently launched satellite-to-mobile connectivity in partnership with Starlink, a move the company says is meant to extend coverage and support access in harder-to-reach areas. More broadly, the development highlights how pension fund investments in major companies can affect retirement savings and long-term financial performance.