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NSSF injects 34 billion/- to revive NMC factories

Published on May 10, 2016

THE National Social Security Fund (NSSF) is planning to revive the National Milling Corporation (NMC) mills and granaries across the country - in line with the industrialisation initiative spearheaded by President John Magufuli, it was revealed in Arusha, Tanzania.

According to the NSSF Director-General, Professor Godius Kahyarara, the pension fund will invest over 34bn/- to revive the state milling and grain storage facilities in Kyela District, Mbeya Region, Iringa, Dodoma and Mwanza with the four factories said to be valued at 80bn/-.

Speaking during the occasion to inaugurate Mafao House, a commercial complex built by the NSSF as well as the PPF Plaza built by PPF Fund in Arusha, the Minister responsible for Policy, Parliament, Labour, Youth, Employment and the Disabled, Ms Jenista Mhagama, said a grand plan that will see social security schemes invest in new factories will be rolled out at the end of this month. Read more. Source | Daily News