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NHCC To Diversify Into Road Construction Business In 2023

NHCC To Diversify Into Road Construction Business In 2023

National Housing and Construction Corporation(NHCC) a state enterprise mandated to build affordable housing for the population is to diversity from its core business of  building  affordable houses into fully fledged road construction company in 2023.

The move according to NHCC Chief Executive Officer Kenneth Kaijuka will enable the company generate more revenue after being hit by the two years of Covid lock down.

” We were not spared by covid 19 pandemic effects as business entity. Most of our tenants shifted because they no longer afford rent hence we lost revenue however post covid the board decided that we establish fully fledged road construction as a subsidiary to make our work relevant in the market place, “Kaijuka said.

National Housing and Construction Company (NHCCL) is the leading developer of quality housing in Uganda.

The state enterprise has a mandate to increase the housing stocks in the country, rehabilitate the housing industry and encourage Ugandans to own homes in an organized environment.

Currently NHCC owns houses in Lubowa, Bugolobi, Nakasero,Kololo, Mbarara, Namugoona, Jinja, Naalya,  Kiwatule and Wakiso.

Going forward, NHCC boss Kaijuka says  they intend to roll out construction of more affordable houses in Kampala in places like Kasokoso, Bukerere and other parts of country including lira and Mbale districts in a bid to address housing deficit in 2023.

According to Kaijuka, Uganda needs close to 1.5 million housing units  per year to address current housing needs due to high population growth rate of 3.4%.

He further says NHCC  plans to launch its satellite  housing estate in Bukerere that will accommodate 50,000 housing units with available modern amenities.

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