Airtel Uganda pays NSSF Shs50.31 billion dividends
CAPTION: Mr Som Soumendra, Managing Director, Airtel Uganda (L) hands Mr Patrick Ayota (R) Managing Director, NSSF a dummy cheque in Kampala Friday 20th June, 2026. (Courtsey photo).
By Our reporter
KAMPALA – Airtel Uganda, a leading provider of telecommunications and mobile money services, Friday 20th June, 2026 presented a dividend cheque of Shs50.31 billion to the National Social Security Fund (NSSF). This significant payout follows NSSF’s strategic acquisition of shares in Airtel Uganda during the company’s initial public offering (IPO).
This payout follows Airtel’s 2023 decision to list in Uganda, becoming the second telecom company on the Uganda Securities Exchange. The company offered 8 billion ordinary shares representing 20% of its equity at Shs100 per share. While the IPO raised Shs211.4 billion, below the Shs800 billion target, it attracted 4,614 new shareholders and marked a significant milestone in the company’s commitment to local ownership and capital market development.
Speaking at the ceremony Friday 20th 2025, Som Soumendra, the Airtel Uganda Managing Director, stated, “Today marks a proud moment for Airtel Uganda as we fulfil our promise to our shareholders. This dividend handover reflects how Airtel Uganda and NSSF are building a stronger economy, empowering workers, supporting families, and contributing to Uganda’s growth. As NSSF moves towards its Vision 2035, to grow assets to Shs50 trillion, double coverage, and reach 95% customer satisfaction, we are ready to support this journey.”
CAPTION: Mr Som Soumendra, Managing Director, Airtel Uganda during the event in Kampala Friday 20th June, 2026. (Courtsey photo).
Soumendra noted “NSSF’s participation in the Airtel Uganda IPO reflects confidence in the strength of Uganda’s financial sector. At Airtel, we are helping grow this sector by extending digital and financial services to every corner of the country. We are proud to stand with an institution that continues to deliver value to its members while playing an active role in Uganda’s transformation.”
Receiving the cheque, NSSF Managing Director Patrick Ayota commended Airtel Uganda for its performance and commitment to its shareholders. “This dividend is a welcome return on our members’ savings. Our investment in Airtel Uganda is aligned with our strategy to diversify our portfolio and secure profitable returns for the benefit of our members,” said Ayota.
“Seeing a return like this reinforces our decision and demonstrates the value of investing in strong, well-managed local companies. This income will be duly credited to our members.”
CAPTION: Mr Patrick Ayota Managing Director NSSF during the event in Kampala Friday 20th June, 2026. (Courtsey photo).
During Airtel’s 2023 listing, the National Social Security Fund (NSSF) took up a 10.5% stake in Airtel Uganda, becoming the second-largest shareholder. This substantial investment reflected NSSF’s confidence in the telecom sector and marked a notable step toward broadening participation in Uganda’s capital markets.
“Airtel applauds the NSSF leadership for their forward-thinking approach, trust, and professionalism qualities that have significantly contributed to the growth of Uganda’s savers’ fund. This is clearly reflected in their decision to invest in Airtel shares. As Uganda’s leading digital infrastructure provider, Airtel remains committed to delivering reliable and affordable connectivity that empowers businesses, giving Ugandans a reason to imagine,” Soumendra concluded.
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
