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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. The function presided over today, by the Minister of Finance, Planning and Economic Development Matia Kasaija. Under the terms of the partnership, National Housing will provide land to develop affordable modern housing whereupon Stanbic Properties will handle the direct sales and marketing with Stanbic Bank playing the role of financing partner. Both Stanbic Bank and Stanbic Properties are subsidiaries of Stanbic Uganda Holdings Limited (SUHL), under the Standard Bank Group, Africa’s largest commercial bank. Under…
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The housing deficit has overtime sparked conversations not only in Uganda but world over as decent housing continues to be an essential need for humanity and a basic human right. At a recent thought leadership forum themed Real Estate Financing in the New Normal, experts stressed the role played by financing in closing the housing deficit in Uganda and other sustainable interventions such as increasing access to micro housing credit products and new construction models that can reduce poverty housing and increase the availability of decent housing units in Uganda. According to statistics from Habitat for Humanity Uganda, the housing…
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Experts have stressed the role played by financing in closing the housing deficit gap in Uganda. In a virtual thought leadership engagement held on Tuesday under the theme “Real Estate Financing in the New Normal”, the experts said with adequate financing, Ugandans would be able to have decent housing. With the growing population currently standing at 42 million as per UBOS May 2020 statistics, there is continued need of addressing the issue of housing by putting in place practices that facilitate the growth of the housing sector in Uganda moreover with affordable and sustainable practices to ensure implementation. In his…
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