(Posted 03rd October 2026)
The Uganda National Social Security Fund (NSSF) has acquired a 30% stake in the Kampala Marriott Hotel and Marriott Executive Apartments for US Dollars 50 million, which is approximately UGX 180 billion in Ugandan currency.
Deal Overview
- Stake: 30 percent ownership
- Investment: US$50 million (approx. UGX 180 billion)
- Location: Nsambya, Kampala, Uganda
- Developer: Ponsiano Ngabirano (Capital Shoppers founder)
Strategic Impact
- Diversification: Expands NSSF’s portfolio beyond traditional government securities and real estate into high-end hospitality.
- Economic Support: Promotes investments into local hospitality and tourism, generates domestic employment, and reduces foreign import dependence.
- Local Endorsement: Praised by state leadership as a more direct driver of domestic GDP compared to overseas bond placements.
