NSSF Commences Construction of U.S.$400 Million Lubowa Housing Project

Kampala, Uganda — The National Social Security Fund has officially commissioned the construction of the 2,740 unit, housing project in Lubowa, Wakiso district in its continued effort to expand its investment portfolio to give its members more competitive returns on their savings.

The real estate project, which will cost an estimated USD 400 million over a 10-year period, will be developed on the Fund's 565 acres of land along Entebbe Road and will be one of the most upmarket housing estates in Uganda.

Speaking at the ground breaking ceremony in Lubowa, Richard Byarugaba, NSSF Managing Director said that the Lubowa Housing Estate is in response to demand for quality housing for Uganda's middle and first class and as an investment opportunity that will deliver competitive returns on members' savings.

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