NSSF Acquires 30 Percent Stake in Kampala Marriott Hotel for UGX 180 Billion

NSSF has invested US$50 million, approximately UGX 180 billion at the time of the transaction, for a 30 percent stake in Kampala Marriott Hotel and Marriott Executive Apartments, according to New Vision. Approved after more than a year of board scrutiny, the investment broadens the Fund’s portfolio into hospitality, where opportunities in tourism and business travel come with an obligation to deliver returns on workers’ savings.

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in both private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business, energy and technology at the ACME Awards.