Mbarara, Uganda | THE INDENPENDENT | Real estate dealers in Mbarara are urging the Uganda Registration Service Bureau (URSB) to increase efforts in sensitizing couples about the importance of registering their marriages. During the launch of the Mass Business Registration Initiative in Mbarara city, real estate dealers highlighted concerns about property …
Read More »East Africa’s retail boom
A new opportunity for real estate ANALYSIS | AGENCIES | Retail is emerging among the most vibrant sectors of the East African economy. Kenya’s capital city, Nairobi, has not only become an important retail market in its own right but a stepping stone into the rest of the country and wider …
Read More »“Kampala real estate sees surge in rental rates
Commuter towns on the outskirts of the city are gaining traction, as more people opt for a quieter, calmer, and more suburban living Kampala, Uganda | THE INDEPENDENT | Rental rates in Kampala have increased by up to 12% across various property segments, reflecting increased demand attributed to improved economic activities, …
Read More »Kampala real estate sector blues
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. …
Read More »Wazalendo advised to invest in Service and Real Estate
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 …
Read More »Workers’ MPs call for value-for-money audit of NSSF
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 …
Read More »NOTU calls for re-evaluation of NSSF real estate investments
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 …
Read More »Multinationals seek residential houses in less affluent suburbs
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, …
Read More »Mid-term access slows down NSSF projects
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 …
Read More »East African real estate executives hopeful of recovery amid COVID-19 shocks
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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