{"id":124284,"date":"2024-12-23T22:20:17","date_gmt":"2024-12-23T22:20:17","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma"},"modified":"2024-12-23T22:48:10","modified_gmt":"2024-12-23T22:48:10","slug":"nssf-plans-148-4bn-projects-in-dodoma","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma","title":{"rendered":"NSSF plans 148.4bn\/- projects in Dodoma"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Tanzania. <\/strong><\/span>THE National Social Security Fund (NSSF) has announced plans to start construction of a multi-purpose investment project in Dodoma, including a five-star hotel.<\/p>\n<p>The ambitious project, which is expected to cost 148.4bn\/-, is expected to take off in May 2025.<\/p>\n<p>The project will consist of 120 rooms, featuring a presidential suite, as well as office spaces for commercial businesses, a sports bar and a bank.<\/p>\n<p>NSSF plans to undertake a major investment project in Dodoma City by constructing a twin-tower building that is expected to stimulate economic growth and tourism in the city.<\/p>\n<p>NSSF Director General, Mr Masha Mshomba said during a visit to the project site recently that the NSSF is committed to implementing the project, which in turn will help to create job opportunities and push for the economic growth.<\/p>\n<p>Dodoma Regional Commissioner, Ms Rose Senyamule also visited the site. During the visit, the officials also participated in the tree-planting activity.<\/p>\n<p>Mr Mshomba stated that NSSF decided to invest in the project because investment activities are crucial to preserve the value of members\u2019 contributions to enable the Fund pay members\u2019 benefits.<\/p>\n<p>He said the project is expected to begin in May 2025 and will be completed within three years. The benefits expected from investment project include promoting conference tourism, attracting investors and creating direct and indirect jobs. The project is estimated to cost 148.40bn\/- at its initial phase.<\/p>\n<p>Mr Mshomba expressed gratitude to President Samia Suluhu Hassan for her efforts to improve the investment sector in the country and open doors for investors to come and invest in Tanzania.<\/p>\n<p>He said the efforts have enabled NSSF to achieve significant milestones in recent years, including increasing membership size and contributions, which have raised the Fund\u2019s value to 8.5tri\/-.<\/p>\n<p>\u201cAll these successes stem from the President\u2019s remarkable efforts to enhance the investment sector, as well as the supervision from the Board of Trustees, guidance from the Prime Minister\u2019s Office and the Bank of Tanzania,\u201d said Mr Mshomba.<\/p>\n<p>He noted that during President Samia\u2019s official visit to Mwanza in June 2023, she conducted official visit to NSSF investment project located at Capripoint with the five-star hotel project and advised NSSF to consider investing in other areas, including Dodoma.<\/p>\n<p>He said the current project not only aligns with NSSF\u2019s investment strategy but also fulfils the President\u2019s vision.<\/p>\n<p>Speaking during the event, Dodoma Regional Commissioner, Ms Rosemary Senyamule applauded NSSF for initiating such a significant project, which she said would drive economic growth and tourism in the region, the country\u2019s capital city.<\/p>\n<p>She added that the investment would elevate the Central Zone\u2019s status and the nation as a whole.<\/p>\n<p>The RC emphasised that the government continues to implement various strategies aimed at boosting the economy and tourism.<\/p>\n<p>She said the efforts have started to yield results, citing the launch of \u201cThe Royal Tour\u201d film by President Samia as a key factor behind the increased number of tourists. She described NSSF\u2019s project as a catalyst for economic growth.<\/p>\n<p>\u201cI see NSSF taking quick steps to align with President Samia Suluhu Hassan\u2019s vision,\u201d said the RC.<\/p>\n<p>She further highlighted that one of the President\u2019s ambitions is to see Dodoma, as the country\u2019s capital city, hosting international conferences. The NSSF\u2019s commercial property aligns with the sixth phase government\u2019s objective to open up Dodoma and other regions.<\/p>\n<p>Ms Senyamule added that the completion of the hotel and the Msalato Airport will boost economic activities, create opportunities for international conferences, enhance the value chain and generate employment.<\/p>\n<p>She praised NSSF\u2019s achievements, noting that the Fund\u2019s value has reached 8.5tri\/-, thanks to an increase in investors, growth in the private sector and overall economic activities.<\/p>\n<p>Earlier, NSSF Project Management Eng Helmes Pantaleo provided an update on the project, saying the 16-storey building would feature three sections: Offices, a hotel and large retail shops.<\/p>\n<p>Eng Pantaleo added that the hotel would have 120 rooms, including one presidential suite and various restaurants.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Tanzania<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. THE National Social Security Fund (NSSF) has announced plans to start construction of a multi-purpose investment project in Dodoma, including a five-star hotel. The ambitious project, which is expected to cost 148.4bn\/-, is expected to take off in May 2025. The project will consist of 120 rooms, featuring a presidential suite, as [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":124283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[711],"class_list":["post-124284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSSF plans 148.4bn\/- projects in Dodoma - Tanzania<\/title>\n<meta name=\"description\" content=\"THE National Social Security Fund (NSSF) has announced plans to start construction of a multi-purpose investment project ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSSF plans 148.4bn\/- projects in Dodoma\" \/>\n<meta property=\"og:description\" content=\"THE National Social Security Fund (NSSF) has announced plans to start construction of a multi-purpose investment project ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-23T22:20:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-23T22:48:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/12\/sm_1734981198.716577.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NSSF plans 148.4bn\/- projects in Dodoma\",\"datePublished\":\"2024-12-23T22:20:17+00:00\",\"dateModified\":\"2024-12-23T22:48:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\"},\"wordCount\":685,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/12\/sm_1734981198.716577.jpg\",\"keywords\":[\"tanzania\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/nssf-plans-148-4bn-projects-in-dodoma\",\"name\":\"NSSF plans 148.4bn\/- projects in Dodoma - 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