NSSF set to earn Sh5.9m dividend from MTN Uganda

The NSSF Headquarters in Nairobi. PHOTO | ANTHONY KAMAU | NMG

The National Social Security Fund (NSSF) is set to earn a Sh5.9 million dividend from its investment in MTN Uganda after the telco declared a final payout equivalent to Sh0.149 per share.

The State-controlled pension fund acquired 39.18 million shares in the telecommunications firm last year when it went public through an initial public offering (IPO).

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.