MPs have protested the move by landlords to continue charging rent in US dollars, arguing that there is no need for Ugandans to meet their rent obligations in a foreign currency. The Legislator’s objection followed a meeting between MPs on the Parliamentary Physical Infrastructural Committee and Landlords under their umbrella
Read MoreReal Estate
From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International Monday announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings. The new signings will further consolidate Marriott International’s
Read More
FeaturedNewsReal Estate
Paint Industry Gets More Exciting As Sadolin Launches Moisture Tolerant Product
Sadolin Paint, first founded in 1907, has launched a new exterior wall paint, superior to other paints in the market, named Sadolin Wallguard. Sadolin Wallguard not only offers the smooth finish and colour expected from high quality paint but also features unique Mouldex Moisture Resist technology. Developed by an international
Read MoreUganda lags behind in hotel development in East Africa, with Ethiopia taking the lead. This is according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group. Details of the survey, which covers the whole of the African continent, will be one of the
Read More
EntrepreneurshipFeaturedNewsReal Estate
Aya Tycoon Mohammed Hamid Hires US Company To Manage His Shs1.1 Trillion Hotel
Ugandan multi-millionaire tycoon and philanthropist, Mohammed Hamid (in featured photo), has hired U.S-based international hotel and resort chain Wyndham Hotels & Resorts to manage his $300 million (UShs1.1 trillion) 5-star Pearl of Africa Hotel which is situated at the heart of Kampala in Uganda, East Africa, Forbes reports. The luxurious
Read More
On one of the last patches of land along the Nile River in central Cairo, Egypt is constructing Africa’s tallest building. In a difficult feat of engineering, the project will twist from a thin triangular base to form a rectangular skyscraper, rising 70 stories and providing a panoramic view of
Read More
Uganda’s state-controlled pension fund, the National Social Security Fund (NSSF) offered China Railway Group Ltd. a $110 million (Shs413.8bn) deal to construct a 32-story office tower in the capital, Kampala, Bloomberg reports. Construction will begin next month and will be finished in two to three years, National Social Security Fund
Read More
By Aloysious Kasoma The coming of India Prime Minister Narendra Modi to Uganda was a blessing to Uganda’s tourism sector, Jean Byamugisha (JB) (in featured photo), the Chief Executive Officer of Uganda Hotel Owner’s Association (UHOA) revealed in an interview with Business Focus (BF) on Wednesday. UHOA is one of
Read More
Stanbic Bank has launched a partnership with the Buganda Land Board (BLB) to provide an affordable financing solution to enable bibanja holders acquire land titles. The solution dubbed Kyapa Loans is aimed at simplifying land title acquisition by bibanja holders whose land has already been surveyed by the Buganda Land
Read More
Uganda’s richest man Sudhir Ruparelia on Saturday opened another state-of-the art building along the 5th street in Industrial Area, Kampala. The building was opened by Rajiv Ruparelia, the Managing Director of Crane Management Services, a company under the Ruparelia Group where Sudhir is the Chairman. Rajiv said that the building
Read More