Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets.
National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate incomes.
Data released by NSSF ahead of the annual members meeting indicates that dividend income increased the most for the second year, demonstrating the Fund's well-targeted high-yielding investments in equity markets.
NSSF remains a key player in the stock market and is Uganda’s largest institutional investor in financial markets.
The Fund holds substantial interests in telecom giants - Airtel, MTN, and Safaricom.
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