Airtel Uganda Hands Over UGX 42.6 Billion Dividend to NSSF
Wednesday, October 21 2026 9:00 am
By Editor
Airtel Uganda has handed over a dividend cheque worth UGX 42.6 billion to The Fund for the financial year ended December 2025, underscoring the growing value of The Fund’s investment in the telecommunications company.
The handover, held in Kampala, came days after The Fund declared a record interest rate of 22.53% for the financial year 2025/26, the highest in its history.
Speaking at the event, The Fund’s Managing Director, Patrick Ayota, said the dividend demonstrates the importance of strategically investing members’ savings in profitable businesses capable of generating sustainable returns over the long term.
“We hold a fund on behalf of our 2.6 million members with balances, so the investment we made in Airtel, buying 4.21 billion shares for roughly UGX 199 billion, was on their behalf. Thanks to the volume discount, our effective purchase price was UGX 47.17 per share. By the end of June 2026, that share value grew to UGX 152, a growth of over 300%. When people wonder where our record 22.53% interest rate came from, part of it came from Airtel,” Ayota stated.
In 2023, The Fund invested approximately UGX 199 billion to acquire slightly over 4.21 billion shares in Airtel Uganda during the company’s Initial Public Offering (IPO), at an effective purchase price of UGX 47.17 per share.
The acquisition gave The Fund a 10.547% stake in the telecommunications company, making it one of Airtel Uganda’s significant shareholders.
Since then, the investment has delivered steadily increasing dividend returns.
In 2023, the year Airtel Uganda listed on the Uganda Securities Exchange, The Fund earned UGX 8 billion in dividends. This increased to UGX 31.7 billion for the financial year ended December 2024, before rising further to UGX 42.6 billion for the year ended December 2025.
The latest payout brings The Fund’s cumulative gross dividend earnings from Airtel Uganda to UGX 82.3 billion over the past three years.
Airtel Uganda Managing Director and Chief Executive Officer, Soumendra Sahu, congratulated The Fund on its record performance and reaffirmed the company’s commitment to delivering consistent value to shareholders.
“We have done this through growing the network footprint, improved operational efficiencies and better service to our customers, the reason we exist,” Sahu said.
Ayota, in turn, commended Sahu and the Airtel Uganda management team for their strategic leadership, which he said has strengthened the company’s profitability and contributed to The Fund’s investment returns.
Airtel Uganda reaffirmed its commitment to sustained investment in network expansion, technology and strategic partnerships aimed at accelerating Uganda’s digital transformation and economic growth, while creating lasting value for its customers and shareholders.
