Uganda NSSF to earn $2m from Airtel stake

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Uganda NSSF is the second largest shareholder of Airtel Uganda after Bharti Airtel. PHOTO | FILE | DAILY MONITOR

Uganda's National Social Security Fund (NSSF) will earn at least Ush7.9 billion ($2.1 million) from its 10.55 percent stake it holds in Airtel. 

The pay-out will be the first return on the Ush199 billion ($52.6 million) NSSF invested in the Airtel initial public offering that was closed on October 27.