NSSF: EARNS US $8M FROM KIGAMBONI TOLL BRIDGE.

NSSF: EARNS US $8M FROM KIGAMBONI TOLL BRIDGE.

The National Social Security Fund (NSSF) in Tanzania got over US $8m from the Kigamboni toll bridge.  The bridge also called  Nyerere Bridge, is 680 meter long. It connects Dar es Salaam’s ward of Kurasini from the east of Kigamboni district to the west of Kigamboni district, across the Kurasini Creek. US $7m from the money is from drivers who use the road while US $1m from interest on investment. The bridge is Tanzania’s first…

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HAZINA TOWER CONSTRUCTION COST REDUCE BY Sh2.8 Billion

HAZINA TOWER CONSTRUCTION COST REDUCE BY Sh2.8 Billion

Hazina Tower construction cost reduce after department of work performed an audit in Kenya. The cost of constructing the hazina tower  is set to reduce following an audit by the department of works. The audit has reduce the fund for the project from Sh6.8 billion to Sh4 billion. National Social Security Fund who is the owner of the project has also told the national assembly after the audit. Meanwhile the agency said they have revised the…

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FIRM DEMAND COMPENSATION FOR STALLED HAZINA TOWER PROJECT IN KENYA

FIRM DEMAND COMPENSATION FOR STALLED HAZINA TOWER PROJECT IN KENYA

Chinese firm ask for compensation after delay of the hazina tower project in kenya. The Hazina tower which has been under construction since 1997 has now had a setback. The latest setback is the request from the contractor to have a compensation as the project is taking more time. The compensation request by Jiang Xi International is worth  Sh20 million per week for the addition days they have been on site. The company claim that the delay…

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ULTRA-MODERN COMMERCIAL BUILDING SET FOR CONSTRUCTION IN UGANDA

ULTRA-MODERN COMMERCIAL BUILDING SET FOR CONSTRUCTION IN UGANDA

Nssf set to build an ultra-modern multipurpose commercial building in Uganda. The construction which was commissioned by the National social security fund (NSSF) uganda is expected to be built in Mbarara town, Uganda. The project which sit on 0.43 acre piece of land which is owned by the NSSF will cost US $1m when completed plus also having a modern retail and office complex that will comprise of four floors with a total built-up area…

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