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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

Why Ugandan Landlords Charge Rent In US Dollars

BusinessFocus Reporter November 25, 2021November 25, 20211

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

News Real Estate

City Property Agent Kamoga Accused Of Fraudulently Acquiring 250 Acres Of Land

BusinessFocus Reporter November 25, 2021November 25, 20210

Muhammad Kamoga accused of fraudulently acquiring a 250 acre land at Bukaaya, Wakiso District. A city businessman Peter Babingamba and property agent, Muhammad Kamoga are embroiled in a dispute over ownership of a 250-acre land at Bukaaya Village near Garuga in Wakiso District. It is alleged that in June

News Real Estate

Rent Should Be Waived During Emergency Situations, MPs Propose In New Law

BusinessFocus Reporter November 18, 2021November 18, 20210

A section of lawmakers want a law put in place to ensure that during emergency situations like lockdown, rent arrears owed to tenants are waived off because they aren’t responsible for the calamities. The call was made by Sarah Opendi (DWR Tororo) while receiving views from Kampala Capital City Traders

Analysis & Opinions Real Estate

Who Are The Overpriced Condos In Uganda’s Real Estate Market Built For?

BusinessFocus Reporter October 12, 2021October 12, 20211

An apartment with condos posted by Prospects Real Estates Agency on social media with a one bedroom condo priced at 199 million shillings ($55,000) Prospects Real Estates Agency has been running an advert of condominiums in Najjera-Buwatte on its social media pages: UGX 399 million for 3 bedrooms with 2

Analysis & Opinions Real Estate

ANALYSIS: What Are The Risks Of Investing In Real Estate?

Taddewo William Senyonyi October 5, 2021October 5, 20211

By Hassan Kitenda People have often asked if real estate is a risky investment? This is a question that will continue to be subject to numerous debates. Real estate is a pretty good option to invest in your money it's one of the best ways to build wealth, and no

Analysis & Opinions Real Estate

What Makes Houses In Uganda So Expensive?

BusinessFocus Reporter September 15, 2021September 15, 20210

By Denis Jjuuko There was a recent debate on Twitter on the cost of houses in Kampala. The argument was that houses were cheaper in some parts of north America and western Europe than in dingy Kampala and Wakiso. A four bedroom flat in Mbuya goes for Shs650m or US$185,000.

News Real Estate

Uganda’s First Online Real Estate Map & Directory Launched

BusinessFocus Reporter September 10, 2021September 10, 20210

Hussein Sekinalya, Director of Client Relations at Real Muloodi News Network Ugandan commercial real estate news, information and data resource for industry professionals, Real Muloodi News Network, has announced the formal launch of the Real Estate Industry Map and Directory. This directory will assist readers in identifying and communicating with

Banking Real Estate

Housing Finance Bank, Buganda Land Board Sign MoU To Support ‘Bibanja’ Owners

Taddewo William Senyonyi August 30, 2021August 30, 20210

Housing Finance Bank Managing Director Mr. Michael K. Mugabi (L) exchanging documents with Chief Executive Officer of Buganda Land Board, Omuk. Simon Kabogoza Housing Finance Bank has strengthened its partnership with Buganda Land Board, (BLB), with strengthened focus on easing the process for Bibanja/kibanja owners to acquire lease-hold certificates of title.

News Real Estate

Gov’t Wants Tenants & Landlords To Share Losses Caused By COVID-19 Lockdown

BusinessFocus Reporter August 8, 2021August 8, 20210

The Ministry of Trade, Industries and Cooperatives has kick started discussions to see how both tenants and the property owners can share losses caused by the COVID-19 lockdown so that both parties can remain in business without either party struggling to stay afloat. The plan was revealed by David Bahati, State