NSSF reaps from UMEME shares

admin | July 3, 2013

Richard Byarugaba NSSF Managing Director

The National Social Security Fund received sh19b as dividends from UMEME.

The NSSF owns 131m shares which accounts for 28% of the total shares issued by the electricity distribution company.

The NSSF managing director Richard Byarugaba says this is a 36% return over a period of 7 months since the current price on the stock exchange stands at sh345 up from sh275.

He says the investment was worthwhile and ultimately beneficial to the members.

UMEME’s Sam Zimbe reveals that they paid out dividends to 6000 individuals at Sh15 per share.

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