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Uganda’s NSSF To Offload Assets

Uganda’s National Social Security Fund will offload shares that it holds in various companies on the stock market to prepare for the liberalization of the pension sector.

Uganda’s National Social Security Fund (NSSF) will offload shares that it holds in various companies on the stock market to prepare for the liberalization of the pension sector, Sunday Vision reports. The fund has already sold the stake that it held in Stanbic Bank.

The NSSF is seeking to sell most of its assets, including Workers’ House, Social SecurityHouse, Pension Towers, Nsimbe Estate and plots of land in Temangalo, Lubowa, Mbuya and Naguru. In December 2010, the fund sold 40 million Stanbic Bank shares for $4.224 million.

Click here for the story from Sunday Vision.

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