Airtel Uganda today announced a significant financial milestone, paying Shs50.31 billion in dividends to the National Social Security Fund (NSSF), its biggest investor.
This substantial payment stems from NSSF’s strategic investment in Airtel Uganda, underscoring a powerful narrative of shared prosperity and robust economic contribution to the nation.
More than just a financial transaction, this dividend payout signifies a profound vote of confidence in Uganda’s local markets and a steadfast commitment to transforming lives through responsible and impactful investment.
The event, marked by the handing over of a dummy cheque by Airtel Uganda Managing Director, Soumendra Sahu, to Patrick Ayota, the NSSF Managing Director, highlighted the strategic synergy between the two entities.
“This dividend cheque reflects how Airtel Uganda and NSSF are building a stronger economy, empowering workers, supporting families, and contributing to Uganda’s growth,” stated Soumendra during the handover.
In his remarks, Sahu emphasised the broader socio-economic benefits derived from this successful partnership.
For Airtel Uganda, the payment reaffirms its dedication to delivering exceptional value to its shareholders.
“We remain committed to delivering value to our shareholders and powering Uganda’s digital and financial future,” Sahu added, pointing to the company’s continuous efforts to drive innovation and expand access to essential services across the country.
As a leading telecommunications provider, Airtel Uganda plays a crucial role in enhancing digital inclusion, facilitating mobile money services, and connecting communities, all of which are vital for a modern, thriving economy.
For the NSSF, this significant dividend strengthens its capacity to fulfil its mandate of providing social security to Ugandan workers.
As a key institutional investor, NSSF’s strategic allocation of funds into well-performing entities like Airtel Uganda ensures that members’ savings grow, enabling the Fund to pay out benefits when they fall due, thereby safeguarding the financial future of countless Ugandan families.
This collaborative success story illustrates a powerful model for sustainable national development.
When foreign direct investment and local institutional capital converge and perform optimally, the dividends extend far beyond balance sheets. They contribute directly to:
Empowering Workers
By strengthening the NSSF, the payout enhances the financial security net for millions of Ugandan contributors.
Boosting the Economy
It signals a healthy investment climate, encouraging further capital inflow and fostering job creation across various sectors.
Shared Growth
It exemplifies how private sector profitability can directly translate into tangible benefits for the broader public, driving inclusive growth.
The Shs50.31 billion dividends from Airtel Uganda to NSSF is a testament to a strategic partnership that is not only yielding significant financial returns but also actively contributing to Uganda’s journey towards a more robust, digitally empowered, and socio-economically transformed future.