The National Social Security Fund (NSSF) has earmarked on a 14.5 billion shillings project to construct 40 housing units in Mbuya, Kampala suburb. The Managing Director National social security Fund Richard Byarugaba says, the money is part of the 480 billion shillings which the fund is set to invest in Real Estate development projects in Uganda.
Byarugaba said that the 40 apartments will be constructed on 3 acres of land located in Mbuya and the construction will be completed within a period of 24 Months. He said that the construction of the housing units will be sold out to the community and, its projected that the Fund will earn a return in profits totaling to 20% on the Fund investments. He said that this estate will give Kampala a face lift and provide highclass house units to residents.