Uganda’s National Social Security Fund (NSSF) will bring on to the housing market, 304 homes in the first half of 2021, Richard Byarugaba, the pension Fund’s Managing Director has said.
In an online interview with CEO East Africa, Mr. Byarugaba said Phase 1 of the USD$400 Lubowa Housing Project, will, despite a few Covid-19-related delays, be on the market early next year.
“The project is 60% complete and is now expected to be on the market in the first half of 2021. The related project cost is UGX 264 billion and presently, the site employs over 600 Ugandans but the whole project is expected to create 5,000 jobs,” Byarugaba said.
Phase 1 is being undertaken by a joint venture between Cementers Limited and Seyani & Brothers Construction Limited.
Uganda’s best kept secret. The @nssfug Lubowa Housing Project. Coming soon onto the market.. pic.twitter.com/xUNVZHAhaD
— richard p byarugaba (@rpbyaru) July 8, 2020
More Than Paint: How Kansai Plascon Uganda is Colouring Futures and Building Community“The Lubowa Housing Project is a satellite city, the first of its kind in Uganda that will accommodate an estimated 2,740 residential housing units.
The project started in 2017, after more than 10 years of waiting, and is expected to run for 10 years but in various phases.
The build and sell project sits on 565 acres of land.
