Beti Kamya

Stanbic Bank Uganda’s Home Loans Manager stands with Universal Properties CEO Zoeb Yeolawala during the launch of the bank’s mortgage solution.
Stanbic Bank Uganda’s Manager for Home Loans pictured with Zoeb Yeolawala, Chief Executive of Universal Multipurpose Enterprises Ltd, during the official launch of the bank’s new mortgage solution. The partnership—meant to ease access to home financing—has since come under public scrutiny after the IGG flagged Universal for delivering substandard and unsafe housing, raising questions about due diligence and consumer protection.

Stanbic Under Spotlight for Mortgage Partnership with Developer Flagged by IGG for Unsafe, Substandard Housing

For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class earners find
September 8, 2025

 

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