Kampala — National Social Security Fund contributors could pay an extra $35 million (Shs70b) for the construction of the multi-storey Pension Towers on Lumumba Avenue after the Fund's new board reportedly approved a revised construction cost from $75 million (Shs150b) to $110 million (Shs220b).
Daily Monitor has learnt that Mr Vincent Ssekkono, the board chairman, wrote to Finance Minister Syda Bbumba, on July 18, asking for a 'no objection' to implement the revised building plan that would spiral the bills upwardly.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article