Uganda’s business registry has undergone a major reset, with the Uganda Registration Services Bureau (URSB) deregistering 50,003 companies that failed to comply with statutory filing requirements, revealing deep patterns of dormancy across key sectors of the economy. According to the Registrar of Companies’ notice dated 30 December 2025, the affected entities were struck off after failing to file annual returns for five consecutive years and subsequently failing to apply for restoration within the legally allowed period under the Companies Act. A review of the deregistered entities list shows that the action cuts across multiple sectors, but is particularly concentrated in…
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On the surface, Uganda’s real estate sector appears to be thriving. Cranes dot Kampala’s skyline, mortgage uptake is rising, and Government revenue from corporate and rental income taxes continues to grow. But beneath this apparent progress lies a quieter strain—one that tax experts warn could slow the sector’s momentum if left unaddressed. Patricia Kiggundu, a Tax Manager at PwC Uganda, likens the situation to the old parable of the goose that laid golden eggs. Real estate, she argues, is steadily contributing to the economy, but excessive or poorly structured taxation risks killing off its long-term potential. Recent figures show why…
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When I sit down with Moses Lutalo, the Managing Director of Broll Uganda, the conversation quickly settles on the forces reshaping Uganda’s real estate landscape: financing pressures, currency volatility, talent flight, and the urgent need to reinvent business models across the region. Broll operates from a distinctly different vantage point. It is not a developer, not a landlord, not a builder of malls or apartments. It is a real estate services company, an identity that gives it a panoramic view of the industry’s strengths and stress fractures. “We don’t own property,” Lutalo says. “We manage. We are consultants. If we…
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The High Court’s Commercial Division has given Emin Pasha hotel and its affiliates breathing room in their mortgage fight with Equity Bank, extending the hold on the sale of the mortgaged properties until October 10, 2025. The order, issued on August 9, 2025 by Justice Patricia Mutesi, extends an interim injunction first granted by the Registrar in July, but otherwise upholds the “pay-now, argue later” rule that governs mortgage disputes. The two-month extension is conditional on a $2.73m (UGX 9.7 Billion) which forms 30 percent of security deposit, without which the injunction lapses. Justice Patricia Mutesi declined to lift the…
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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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A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort targeting loan arrears exceeding UGX 15 billion. According to sources close to the matter, dfcu Bank and the Uganda Development Bank (UDB) are among the financial institutions actively pursuing recovery of non-performing loans that were extended to Aponye’s business empire, primarily through his flagship company, Aponye (U) Limited. The debt portfolio, which has grown due to interest accumulation and prolonged non-repayment, is reportedly higher than initially estimated, with…
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This June 2025, VCON Construction, the engineering and construction arm of the Ruparelia Group, marked a pivotal milestone by handing over the newly built USD 13.5 million Faculty of Engineering…
The National Social Security Fund (NSSF) is projecting robust performance at the close of the Financial Year 2024/25, with income expected to reach UGX 3 trillion and assets under management forecasted to grow to UGX 25 trillion—marking a continued upward trajectory for Uganda’s largest retirement benefits scheme. This projection represents significant year-on-year growth, building on the UGX 2.53 trillion in income and UGX 22.13 trillion in assets that the Fund recorded at the close of the Financial Year ended June 30, 2024. In light of the strong financial performance, NSSF is expected to declare a competitive interest rate to members…
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Over the last 30 years, Knight Frank has dominated the real estate sector in Kampala and Uganda, by extension. This elite property firm offers valuation and consultancy services, residential and commercial agency, and property management. Over the years, Knight Frank has curved a niche market on which it has built a large commercial and residential agency portfolio that promises and offers satisfaction for both sole-occupant and multi-tenanted clients. However, behind this success the constant remains Mrs Kyanda, who, as managing director, has more than two decades propelled Knight Frank above the rest in a relatively fragile real estate sector that…
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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…
