The Tanzanian government is embarking on an ambitious project with the construction of a 22-floor, two-tower complex in# Nairobi's #UpperHill area. This initiative, part of Tanzania’s National Social Security Fund's (#NSSF) investment strategy, aims to generate foreign currency and reduce government rental expenses for embassy operations. Dubbed #TanzaniaTowers, the complex will serve multiple purposes, including housing the Kenyan #embassy, providing residences for embassy staff, and offering office rental units. The #project, despite delays since its announcement in 2014, represents the first phase of a broader plan to develop similar properties in key cities worldwide, such as #Kigali, #Kinshasa, #London, #NewYork, and #Lusaka. With NSSF funding 80% of the project and the Tanzanian government contributing the remaining 20%, this development is expected to significantly cut operational costs and generate an annual income of approximately Sh1.8 billion. By leveraging its real estate assets, Tanzania aims to enhance the quality of its diplomatic missions and support other embassies across #Africa, thereby optimizing the use of its 101 properties located in prime areas around the world.
Негізгі бет TANZANIA IS BUILDING A TALL TWIN COMPLEX IN NAIROBI KENYA
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