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Business opportunities in Uganda's housing sector
Thu, 18 Nov 2010 09:10
TradeInvestAfrica Staff

Region
Uganda

Sector
Construction & Materials
Property

Summary:
Uganda has a massive housing shortage caused by rapid urbanisation. The government has introduced attractive incentives to fast track the delivery of an estimated 6.1 million houses.
Contact
Issa Mukasa

Email
imukasa@ugandainvest.com, info@ugandainvest.com

Tel
+256 41 301160


Investment opportunities

• Provision of low cost housing in urban and semi-urban areas
• Provision of housing and mortgage finance
• Provision of construction equipment and building materials
• Manufacture of prefabricated concrete systems, processing of non-metallic minerals to make tiles and other sanitary fittings for the building industry

Sector: Uganda needs 6.1 million houses per annum, according to a  report published in 2007 that revealed massive shortage of housing. There are now up to 30 incentives for investors in the  industry, which include tax remissions for developers building a minimum of 20 units in a single project for low-income earners. The government is exploring capital markets and the diaspora, among others sources, to raise funds for developing infrastructure, the mortgage market and alternative home finance products.

For more information on investment opportunities in Uganda contact the Uganda Investment Authority.

Issa Mukasa
Investment Promotion Division
Email: imukasa@ugandainvest.com, info@ugandainvest.com

 

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