Photo shows key stakeholders at the launch of Stanbic Bank Uganda’s mortgage financing solution in Kampala. From left to right: Sylvia Alal, Sales and Marketing Manager at Pearl Marina Estates; Daniel Kwesiga, CEO of Quesi Properties; Damalie Kairumba, Head of Mortgage Finance at Stanbic Bank Uganda; and Zoeb Yeolawala, CEO of Universal Multipurpose Enterprises Ltd. The image captures the unveiling of a major mortgage initiative aimed at improving access to affordable housing in Uganda by partnering with select real estate developers. The presence of top executives from leading property firms and Stanbic Bank underscores the bank’s collaborative approach to solving Uganda’s homeownership challenges. However, the partnership with Universal Multipurpose Enterprises Ltd—flagged in an IGG report for substandard housing—has sparked public concern over developer vetting, construction quality, and consumer protection.
