{"id":10249,"date":"2023-10-22T16:27:40","date_gmt":"2023-10-22T16:27:40","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=10249"},"modified":"2023-10-23T05:08:49","modified_gmt":"2023-10-23T05:08:49","slug":"airtel-ipo-is-nssf-about-to-make-another-mistake","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/airtel-ipo-is-nssf-about-to-make-another-mistake\/","title":{"rendered":"Airtel IPO : Is NSSF About To Make Another Mistake?"},"content":{"rendered":"\n

By Our Investigative Reporters <\/strong><\/p>\n\n\n\n

Its not long ago when Airtel ,one of the two telecom giants issued an IPO but investors are hesitant to buy shares because the company has not come out clearly to state how its two business arms are performing and relate to each other .<\/p>\n\n\n\n

Airtel mobile money and the Airtel company ‘s revenues have not been separately put to the public to determine whether their IPO is viable and makes business sense . Remember many of the comapanies that have listed on Uganda’s stock market have not performed very well leading to Ugandans losing money in billions of shillings .<\/p>\n\n\n\n

Now, one of the potential investors the Airtel people have been targeting according to reliable sources is workers money at NSSF . Luckily , NSSF Investment Committee is not in a hurry to put workers money in an IPO whose return on investment is not certain . <\/p>\n\n\n\n

Sources at NSSF tell this publication that NSSF managers have given themselves one more week to study the fundamentals around the Airtel IPO before they make a decision whether to invest or not .<\/p>\n\n\n\n

Among the issues that have to be resolved is whether the separation of Airtel Money which is the money bag – affects the profitability of Airtel\u00a0 the Company.<\/p>\n\n\n\n

According to insiders , the prospectus that Airtel put out in the public domain ahead of their IPO, doesn’t disclose the bottom line of the two businesses that’s Airtel Money and Airtel the company . It is a requirement by the financial regulators that the telecom giants separate their mobile money business from the other company operations . This is because of the high growth in revenues that has been registered by these telecom companies over the years on their mobile money platforms so much so that some government officials consider it a national security matter.<\/p>\n\n\n\n

This is why the NSSF ‘s Investment Committee and rightly so, is reluctant to move in because the dividend declared in the Airtel Prospectus is for both – Airtel Money and the Telecom ‘s other operations -basically money raised from airtime for communication purposes .<\/p>\n\n\n\n

The public especially the workers are anxiously waiting to see which way NSSF shall go to -given its a public trust of workers savings . These tough decisions for NSSF come hot on the heels of a prolonged leadership row that greatly tarnished the organization’s image .<\/p>\n\n\n\n

Some members of parliament who talked to ugandaupdatenews.com said they were also closely following this matter .<\/p>\n\n\n\n

Editor:msserwanga@gmail.com <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By Our Investigative Reporters Its not long ago when Airtel ,one of the two telecom giants issued an IPO but<\/p>\n","protected":false},"author":1,"featured_media":10253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[259,345],"tags":[],"class_list":["post-10249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountability","category-public-investments"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/10\/OIP.jpg","jetpack-related-posts":[{"id":14255,"url":"https:\/\/prowebinhost.com\/anzu\/the-game-changer-old-mutual-life-assurance-revolutionizes-premium-payments-with-airtel-money-and-nxtpe-partnership\/","url_meta":{"origin":10249,"position":0},"title":"The Game Changer: Old Mutual Life Assurance Revolutionizes Premium Payments With Airtel Money And NxtPe Partnership","author":"UgandaUpdate","date":"April 16, 2025","format":false,"excerpt":"By Our Reporter in Kampala Old Mutual Life Assurance has partnered with NxtPe and Airtel Money to launch a groundbreaking digital payment solution, transforming how customers pay life insurance premiums in Uganda. The platform now enables instant, secure payments via Airtel Money, with the option to set up standing orders\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/gam.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/gam.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/gam.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/gam.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/04\/gam.jpg 3x"},"classes":[]},{"id":4712,"url":"https:\/\/prowebinhost.com\/anzu\/ugandans-win-big-in-airtels-money-after-money-promotion\/","url_meta":{"origin":10249,"position":1},"title":"UGANDANS WIN BIG IN AIRTEL’S MONEY AFTER MONEY PROMOTION","author":"UgandaUpdate","date":"December 3, 2021","format":false,"excerpt":"Ugandans are winning big in the on-going -Airtel \u201cMoney After Money\u201d Promotion. The 3 months' promotion will be running\u00a0from 15th\u00a0November 2021 to 15th\u00a0February 2022\u00a0and will see Airtel Uganda customers and agents across the country transact and win daily, weekly and monthly cash prizes. Already several Airtel agents have won cash\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/thhheee.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/thhheee.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/thhheee.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/thhheee.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/thhheee.jpg 3x"},"classes":[]},{"id":4760,"url":"https:\/\/prowebinhost.com\/anzu\/ict-minister-dr-baryomunsi-officiates-at-mtn-listing-of-shares-on-the-uganda-securities-exchangetells-telecom-companies-lower-internet-charges\/","url_meta":{"origin":10249,"position":2},"title":"ICT MINISTER DR.BARYOMUNSI OFFICIATES AT MTN LISTING OF SHARES ON THE UGANDA SECURITIES EXCHANGE,TELLS TELECOM COMPANIES LOWER INTERNET CHARGES","author":"UgandaUpdate","date":"December 8, 2021","format":false,"excerpt":"The ICT and National Guidance Minister , Dr. Chris Baryomunsi has urged telecommunication companies and the Uganda Communications Commission to make Internet services cheaper for Ugandans. Speaking at the listing of the MTN Uganda limited on the Uganda Securities Exchange, Dr. Baryomunsi said the high cost of internet remains a\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 3x"},"classes":[]},{"id":7105,"url":"https:\/\/prowebinhost.com\/anzu\/customers-complain-as-banks-shut-down-thier-airtel-to-bank-wallet-services\/","url_meta":{"origin":10249,"position":3},"title":"CUSTOMERS COMPLAIN AS BANKS SHUT DOWN THIER AIRTEL TO BANK WALLET SERVICES","author":"UgandaUpdate","date":"October 30, 2022","format":false,"excerpt":"By Sunday morning Airtel Mobile Commerce Uganda Limited (AMCUL) had not restored the Airtel to bank wallet services after hackers attacked their systems and stole an unspecified amount of money said to be in billions. The bank wallet services have been off since Friday midmorning leaving customers frustrated . Sources\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/prowebinhost.com\/anzu\/category\/banking\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4620,"url":"https:\/\/prowebinhost.com\/anzu\/airtel-launches-exciting-matatu-game-mobile-phone-application\/","url_meta":{"origin":10249,"position":4},"title":"AIRTEL LAUNCHES EXCITING MATATU GAME MOBILE PHONE APPLICATION","author":"UgandaUpdate","date":"November 23, 2021","format":false,"excerpt":"Airtel Uganda and Kola Studios a leading mobile games development Company in Uganda,\u00a0has today August 21 launched a mobile phone application for the popular social card game \u2018Matatu\u2019 which is available for Android, Windows 8 and IOS-based platforms. The game was officially unveiled with an exclusive Airtel Twitter Party and\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/11\/2-2.jpg","width":350,"height":200},"classes":[]},{"id":2009,"url":"https:\/\/prowebinhost.com\/anzu\/trillions-lost-as-hackers-attack-ugandas-giant-telecoms-and-a-commercial-bank\/","url_meta":{"origin":10249,"position":5},"title":"TRILLIONS LOST AS HACKERS ATTACK UGANDA\u2019S GIANT TELECOMS AND A COMMERCIAL BANK","author":"UgandaUpdate","date":"October 7, 2020","format":false,"excerpt":"Uganda \u2018s leading telecoms MTN and \u00a0Airtel have suffered a technical glitch on their mobile money platforms which were attacked by yet to be established hackers who made off with money estimated in trillions . A commercial bank , Stanbic was also affected by the hacking attack which in some\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/10\/Airtel-MTN-Money-logo-horz.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/10\/Airtel-MTN-Money-logo-horz.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/10\/Airtel-MTN-Money-logo-horz.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/10\/Airtel-MTN-Money-logo-horz.jpg 2x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pc0aOV-2Fj","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/10249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/comments?post=10249"}],"version-history":[{"count":2,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/10249\/revisions"}],"predecessor-version":[{"id":10256,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/10249\/revisions\/10256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media\/10253"}],"wp:attachment":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media?parent=10249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/categories?post=10249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/tags?post=10249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}