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Real estate markets are, at their core, mirrors of the economies they sit within. In advanced economies, that mirror reflects a relatively stable image: steady credit markets, predictable consumer demand, mature institutions, and long-established urban growth patterns. But in developing countries like Uganda, the mirror behaves differently. It shifts quickly, exaggerates shocks, and amplifies every policy misstep, every currency wobble, and every change in global liquidity. This is a sector whose fortunes rise and fall not on neighbourhood gossip but on macroeconomic tides. “In Uganda, the macro is the weather system,” says Moses Lutalo, Managing Director of Broll Uganda. “It…
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The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to USD 500 billion by 2040. Speaking at the 2025 UBA CEO Retreat, UBA Chairperson Julius Kakeeto emphasised the critical role of the banking sector in facilitating this transformation. He stated, “Finance is a key enabler. Appropriate financing is the key word here! There is a common belief that the strength of a nation depends on the depth and strength of its financial system.” He further underscored the importance of financial…
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Uganda is one of Africa’s competitive destinations for investment, with high returns on investment, Morrison Rwakakamba, the Chairperson of the Uganda Investment Authority (UIA) told European investors and other delegates attending the just-ended 2024 Uganda-European Union Business Forum at the Speke Resort Munyonyo, Kampala. “Uganda is an appealing destination for Foreign Direct Investment (FDI),” Rwakakamba said, adding: “Key to Uganda’s investment appeal is the rate of returns enjoyed by investors, averaging 13.8% in 2022, the highest in the EAC and the 4th in Africa.” Rwakakamba, who urged the investors in the room and attending online, to leverage the already existing…
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Housing Finance Bank last week sponsored a Breakfast Meeting at Serena Hotel, Kigo aimed at identifying untapped opportunities for the Ugandan economy to recover through foreign direct investment. Under the theme “Foreign Direct Investment in Uganda: An Untapped Opportunity for Economic Recovery”, the meeting was held in collaboration with the Parliamentary Forum on Labour, Decent Employment, and Productivity alongside the Bank of Uganda. “Today, we are discussing our potential and the opportunities that we can exploit. We know that from foreign direct investment, we can push our country for the next decade,” said Laban Musinguzi, the National Coordinator for Parliamentary…
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