NSSF to increase investment in real estate

By Najibu Mulema

The National Social Security Funds revealed to increase its investment in real estate to enable contributors access affordable housing.

Basing on the funds current investment portfolio seven percent us in real estate translating into shs450 billion and this is likely to increase in the next two to three years.

According to NSSF managing director, Richard Byarugaba, many people are still struggling with housing thus a deliberate move must be taken to solve the problem.

The funds has so far invested shs240 billion in Mbuya housing project and another one million dollars in Jinja housing project.

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