Tanzanians in the diaspora urged to take advantage of NSSF investment opportunities

The Director of Diaspora Affairs in the Ministry of Foreign Affairs and East African Cooperation, Ambassador James Bwana, has asked Tanzanians living abroad (Diaspora) to identify investment projects being implemented by the National Social Security Fund (NSSF) and see how they can collaborate.

"I request all Diaspora to invest in various NSSF projects, including the houses in Toangoma, Kijichi, and Dungu in Dar es Salaam, as well as the plots in various areas that are being sold at a low cost," said Ambassador Bwana.

He was speaking on July 2, 2023, when he visited the NSSF pavilion at the DITF. Ambassador Bwana called on all the Diaspora to respond to the call by taking advantage of investment opportunities by buying NSSF houses and plots.

Ambassador Bwana said that the Ministry of Foreign Affairs and East African Cooperation is an important stakeholder of NSSF, and they have collaborated on various issues to ensure that the services provided by NSSF reach all Tanzanians, including those living abroad in the 'Diaspora'.

"I take this opportunity to congratulate NSSF; they have had this responsibility for a long time. They have had various systems to provide Social Security services to the Diaspora, but they are currently working on a new system that will increase the participation of Tanzanians abroad," said Ambassador Bwana.

He further said that the Fund has been running various investment projects and that they already have a close partnership with NSSF, where they recently had large investment and development projects taking place in Kenya. Ambassador Bwana said that NSSF investment does not end only at the local level; now they are crossing borders and going to other areas outside Tanzania to bring in more profit for the benefit of NSSF members.

"Let me use this opportunity to congratulate the NSSF Director General, Mr. Masha Mshomba, for the good work he has been doing to ensure that the Fund continues to prosper," said the Ambassador.

In addition, he congratulated the NSSF Management and Board for the good work and guidelines they have been providing to ensure the main objectives of the establishment of the Fund continue to be managed and implemented.

The objectives are to enroll members from the private sector and the informal sector, collect donations, and pay bonuses.