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28

Uganda Social Fund Awards China Railway $110 Million Tower Deal

By Tony Seruga

NSSF plans $600 million housing and office-building projects
Fund wants laws amended to allow investment outside region

Uganda’s state-controlled provident fund offered China Railway Group Ltd. a $110 million deal to construct a 32-story office tower in the capital, Kampala.

Construction will begin next month and will be finished in two to three years, the National Social Security Fund Chairman Patrick Byabakama Kaberenge said Tuesday in an interview. The project, which has been stalled for a decade, is part of NSSF’s plans to invest as much as $600 million in housing estates and office blocks, he said…

Uganda Social Fund Awards China Railway $110 Million Tower Deal

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