Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is clear: maintain macro stability in a world still shaken by global shocks, even if it means keeping domestic credit costly. In practice, this stance raises funding costs for banks, which then pass them on to businesses and households. Inflation eased to 3.4% in October, down from 4% in September, but that only widens the spread between the policy rate and inflation—now over 600 basis points. This makes Uganda’s real interest…
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Kampala’s residential property market is in the midst of a quiet but telling transformation. Once dominated by Western expatriates tied to NGOs, diplomatic missions, and donor-funded projects, the demand landscape is increasingly being driven by Asian expatriates—particularly professionals from China, South Korea, and other Asian economies—associated with large-scale infrastructure, industrial, and corporate investment projects. The sudden suspension of U.S. aid to Uganda has had a direct impact on the sector. The aid cut has left a UGX 604 billion hole in the national health budget, forcing several large NGOs and related service providers to scale back or exit leases entirely. …
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As Kampala’s urban boundaries stretch farther from the city centre, the once-sleepy residential enclave of Kyanja has emerged as a focal point for retail and mixed-use real estate investment. Now, just 11 kilometers northeast of Kampala’s Central Business District and strategically positioned along key arterial roads such as the Kampala-Northern Bypass, Ntinda-Kisasi Road, and Kyanja Ring Road, the suburb is no longer just a residential backwater – it is a booming growth frontier. And this transformation has not gone unnoticed by Knight Frank, one of the country’s leading real estate consultancies and property management firms. As part of its 2025…
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Kampala’s real estate market is at a critical juncture, with shifting consumer trends, regulatory developments, and economic forces shaping the landscape. As we move into 2025, the recently released H2…
For quite a long time, the sprawling and magnificent Metroplex Shopping Mall, in the upscale Naalya suburb along the Kampala Northern By-Pass highway on the outskirts of Kampala city, has raised a lot of questions about its viability as a major real estate investment. A recent online debate on the X social media platform placed the shopping mall into a critical spotlight with some commentators voicing their concerns about the ’emptiness’ of the mall as a proverbial white elephant. A tour of the mall reveals some vacant space, low foot traffic, and a lack of vibrancy in shopping and entertainment experienced…
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In the last six months of 2023, the housing sector preformed well, recording minimal increments in rent for a two and three bedroomed apartment in Kampala and high occupancy rates, a report from property management firm, Knight Frank has revealed. The report attributes the performance to the development of prime apartment units that offer larger living spaces and better amenities thus commanding higher rates. “Expatriate staff unable to find stand-alone houses for occupation within their rental budget or alternatively those who prefer community living are opting for apartments thus contributing to the rise in occupancy levels,” the report notes. The…
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In the report released on January 13th 2023, covering the six months to December 2022, Knight Frank, observed that “2022 was a year of resilience, circumspection, and optimism” and that despite slow economic recovery dogged by local and international challenges, such as inflation, the Ukraine war and lag effects of Covid-19, there was some remarkable rebound in the real estate sector. “Across the different real estate sub-sectors, the post-pandemic recovery was optimistic, with demand and supply indicators pointing to positive growth on a year-on-year comparison,” the report said. CEO East Africa Magazine’s Muhereza Kyamutetera read the report and presents some…
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Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala.The Aponye Complex, a 5,000 sqm mixed-use development which comprises of retail, commercial and hospitality, is set to redefine shopping and leisure in Ntinda, an established suburban node with a fast-growing middle-class segment within its population.Tenants at the five-storey development, include Equity Bank, Menlyn Restaurant, Heritage Salon, and more. The Aponye Complex boasts a set of fully furnished apartments to serve the growing demand for convenient and comfortable hospitality for both short and long…
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