Commercial banks are waiting for a go-ahead from retirement benefits schemes to start offering housing mortgage facilities secured against their savings. This as consultations between the benefits schemes and the government start with the aim of creating legal frameworks that enable them to operationalize the new development. In
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L-R: Israel Arinaitwe, Head of Client Coverage at Stanbic Bank, Sam Mwogeza, the Executive Head, Consumer Banking (Stanbic) and Claire Kateregga, the Marketing Manager for BuildNet unveiled the campaign in Kampala on May 25. Ugandans looking to buy their first house can now do so with up to 100%
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Michael Mugabi (R), the Managing Director at Housing Finance Bank says partnerships with credible and like-minded organizations play a very important role in ensuring that Ugandans have access to affordable financing Housing Finance Bank has today signed a partnership with Uganda Cooperative Alliance (UCA) as part of their commitment to providing affordable
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Finance committee chairperson, Hon. Keefa Kiwanuka (C) and his deputy, Hon. Jane Pacuto (R) at a previous meeting Tax consultants have cautioned Parliament on the negative implications on the proposed rental income tax amendments for the Financial Year 2022/23. The advisory was given by Joseph Okuja from Libra
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Shell Apartment at Lubowa Entebbe Road with a lakeview, 12 Units of 3-Bedroom on 25 Decimals, Price $1.2M Call or WhatsApp +256 759954452 or +256 775170346 House on Sale located at Lubowa, Price: $225,000, Category: Villa, Bedrooms: Five, Plot Size: 12 Decimals. Call or WhatsApp +256 759954452 or +256 775170346
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By Livingstone Mukasa If you are hoping to make money out of a Rental Property, these are the key points to remember. 1. Location. You buy this once and if you don’t get it right nothing will save you from losing money. Best location is near means of transport
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Parliament has once again passed into law the Landlord and Tenant Bill 2021 that gives powers to landlords to enter premises and confiscate property in case the tenant fails to pay rent within 30days. Clause 30 of the revised bill stipulates; Failure to pay rent by tenant and claims for
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Many corrupt Government officials are investing in real estate using proxies, the Financial Intelligence Authority (FIA) has told parliament. According to FIA, there are so many ‘investors’ whose sources of money are unknown. Uganda loses about Shs1 trillion annually in corruption. While appearing before Parliament’s Finance Committee recently, Sydney Asubo, the FIA Executive Director said
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Stanbic Bank Chief Executive Anne Juuko (middle) together with representatives from partnering entities sign MoUs at an event held at NHCCL headquarters in Kampala on Nov.30. National Housing, Stanbic Properties Limited, and Stanbic Bank Uganda have today entered a tripartite partnership to develop and facilitate Ugandans to access affordable modern housing, at a function presided over today, by the Minister of Finance, Planning and Economic Development. Under the terms of the partnership, National
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Property mogul, Sudhir Ruparelia Property owners have protested Parliament’s move to pass a law that would force them to charge rent in Uganda shillings as opposed to dollars. The landlords says MPs should go for Uganda Revenue Authority (URA) that is charging them in dollars. Property moguls, Sudhir Ruparelia and
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