PSSSF posts 1.3tri/- profit in government bonds

DAR ES SALAAM: THE Public Service Social Security Fund (PSSSF) reported a 1.3tri/- profit for 2024/25 from investments in government bonds and securities.

This was unveiled by the PSSSF Director of Planning, Investment and Projects Mr Fortunatus Magambo at the ongoing 49th Dar es Salaam International Trade Fair.

Mr Magambo noted that 84 per cent of the Fund’s investments are in government bonds, considered secure and profitable, enabling PSSSF to generate significant returns and provide sustainable benefits to retirees and members.

“We invest in secure areas with substantial returns over time, allowing us to pay good and sustainable benefits,” he said.

He emphasised the importance of quick and reliable returns to meet pension obligations as new employees join and others retire, in line with Bank of Tanzania guidelines.

Mr Magambo reassured members that PSSSF remains financially strong with sufficient liquidity to pay benefits on time. He highlighted PSSSF’s involvement in affordable housing projects nationwide to support retirees without homes or land. Members are encouraged to visit regional offices to inquire about housing loans.

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PSSSF has also invested in modern buildings, including a 33-story tower on Sam Nujoma Road, one of the most advanced in East and Central Africa, with an 80 per cent occupancy rate a success credited to President Samia Suluhu Hassan’s businessfriendly environment.

“Our goal is to provide office spaces that meet international standards, attracting investors who find Tanzania a safe and suitable place to invest,” Mr Magambo explained.

On the industrial front, PSSSF has backed key projects such as the Karanga International Leather Industry in Kilimanjaro, producing quality shoes for domestic and international markets and a meat processing plant that creates jobs and boosts farmers’ incomes.

PSSSF also recently launched a financial education programme aimed at helping members better understand saving, investment options and retirement planning.

Workshops and online resources are now available across all regional offices, ensuring that both current and future retirees can make informed decisions about their financial futures. In alignment with Tanzania’s green development agenda, PSSSF is exploring sustainable investment opportunities such as renewable energy projects and eco-friendly infrastructure.

These initiatives are expected to enhance long-term returns while contributing to national goals for environmental stewardship and clean growth. Looking ahead, Mr Magambo said PSSSF plans to diversify its investment portfolio further by venturing into regional real estate and tech-driven startups.

This strategic expansion aims to boost returns and provide added benefits to members through higher yield and new housing and business opportunities.