NSSF to invest more in real estate
The National Social Security Fund has revealed plans to increase its investment in real estate to enable the contributors access to affordable housing.
According to the Fund’s current investment portfolio, 7% is in real estate translating into 450 billion and this is likely to increase to 10% in the next 2-3 years.
According to the Fund’s Executive Director Richard Byarugaba, many people are still struggling with housing thus a deliberate move must be taken to address this chronic problem.
He adds that the fund has so far invested Sh240bn in Mbuya housing project and another one million dollars in the Jinja housing project.
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