NSSF Launches Construction of US$400m Lubowa Housing Project

By Julius Businge

Kampala — On Sept. 26, the National Social Security Fund (NSSF) broke the ground to construct 2, 740 housing units in Lubowo - about 16 kilometers away from Kampala city.

The new project is being constructed on the 565 acres of land and it is a build and sell project.

Speaking at the ground breaking ceremony, Richard Byarugaba, the NSSF managing director said that the new project will run for 10 years but in phases. The first phase, which will consist of 370 units, will be completed after three years and thereafter, it (project) will be self-financing. Byarugaba said that the entire project will create 5000 jobs.

READ MORE: https://www.independent.co.ug/nssf-launches-construction-us400m-lubowa-h...