New report indicates 4% surge in demand for office space Kampala, Uganda | THE INDEPENDENT | The latest real estate market report for the second half of 2022, published by Stanbic Properties Limited, a subsidiary of Stanbic Uganda Holdings Limited shows mixed activity performance in different spaces attributed to different factors. …
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Jinja, Uganda | THE INDEPENDENT | The commandant of UPDF’s land forces, Lt. Gen. Kayanja Muhanga, has challenged the leaders of Wazalendo Sacco, to invest more in the hospitality industry and real estate businesses, which will increase their profit returns. Wazalendo prides in a total membership of 91,000 people, comprising of …
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Kampala, Uganda | THE INDEPENDENT | Workers’ Representatives have called for a reputable international audit firm to carry out a value-for-money audit of the National Social Security Fund (NSSF). Members of Parliament, Arinaitwe Rwakajara, Agnes Kunihira, Margaret Rwabushaija and Abdulhu Byakatonda made this proposal while appearing before the Select Committee investigating …
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Kampala, Uganda | THE INDEPENDENT | The National Organisation of Trade Unions (NOTU) has called for re-evaluation of the real estate investments of the National Social Security Fund (NSSF) to suit the needs of the contributors. The Acting Chairman General NOTU, Musa Okello made the suggestion while appearing before the Select …
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US-dollar dominated leases have extended to Naalya, Kiwatule, and Najjera areas Kampala, Uganda | THE INDEPENDENT | Multinationals with lower rental budgets are now opting for residential apartments in less affluent suburbs in the greater Kampala, according to the latest report by the property management firm, Knight Frank. The report, …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has warned that their investments projects, especially in real estate will slow down from the pace that was exhibited in the previous year, due to the dwindling cash reserves. The Fund’s cash availability has reportedly been affected by the implementation …
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Nairobi, Kenya | Xinhua | East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya’s capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic …
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Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won the five-star award for the Africa and Arabia Property awards for their real estate project in Lubowa, dubbed Solana, it said on Oct.11. This was during a virtual awards ceremony in London that brought together the best property …
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How Uganda’s tax policy on real estate has destroyed the once thriving sector and stifled economic growth THE LAST WORD | ANDREW M. MWENDA | This week, the government will read the 2021/22 budget. Given the poor performance of the economy, government is proposing new taxes. For instance, it has …
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Industrial sector rent remains stable as that of office and residential falls Kampala, Uganda | ISAAC KHISA | Rents in industrial sector has remained stable amidst the coronavirus pandemic as that of office and residential sectors take a southward trend. The Knight Frank’s latest Kampala market performance review shows that, …
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