Tanzania gov’t commences construction of 22-storey twin towers in Nairobi’s Upper Hill
By Martin Oduor, June 18, 2024The Tanzanian government has announced the commencement of construction on a multi-billion shilling twin towers complex in Nairobi’s Upper Hill district.
The project, announced by Tanzania’s Minister for Foreign Affairs and East African Cooperation, January Makamba, on Tuesday, June 18, 2024, marks a significant investment in the country’s diplomatic and real estate portfolio.
The 22-story twin towers will serve as the new High Commission for Tanzania in Kenya.
This development is a joint initiative between the Tanzanian government and the National Social Security Fund (NSSF).
The Minister said the groundbreaking ceremony, set for today, would be attended by several prominent Kenyan officials, including Kenya’s Prime Cabinet Secretary and Foreign Minister Musalia Mudavadi and Cabinet Secretary for East African Community Peninah Malonza.
“Today in Nairobi, we launch the construction of the Twin Towers, a landmark real estate investment by NSSF and Tanzania’s Ministry of Foreign Affairs,” Minister Makamba stated.
“This project, located in the heart of Upper Hill, will not only serve our diplomatic mission but also enhance the Nairobi skyline.”
Makamba emphasized the financial prudence behind the project, highlighting its dual role in reducing government expenditure and generating revenue.
“The Tanzania Towers, which will include residences and offices, will save our government significant rental costs and simultaneously earn much-needed foreign currency,” he said.
This initiative is part of a broader strategy to maximize the value of Tanzania’s global real estate assets.
“The government of Tanzania owns approximately 101 buildings and plots worldwide, primarily in prime locations within major capitals,” Makamba explained.
“Our new strategy, recently approved by the government, involves leveraging professional real estate entities to develop these assets, thereby generating income and improving the quality of our embassies and staff housing.”
Currently, Tanzania spends around TZS29 billion annually on renting embassy offices and housing for diplomatic staff.
The new plan aims to shift this dynamic, with projected earnings of about TZS36 billion per year from these investments.
The initial phase of this strategy includes developments in Nairobi, Kigali, Kinshasa, London, New York, and Lusaka.
Minister Makamba underscored the significance of this initiative for Tanzania’s diplomatic missions.
“This investment will uplift our foreign missions, providing state-of-the-art facilities and enhancing our presence in key international locations,” he said.
The announcement of the Nairobi twin towers project represents a pivotal moment in Tanzania’s efforts to modernize its diplomatic infrastructure and achieve greater financial sustainability through strategic real estate development.
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