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Real Estate experts have advised the leadership of Kampala to have a plan for the fast-growing population in the city. Reports have shown that Kampala is among the fastest-growing cities in Africa, with a population growth rate of 4.05%.
However, real estate industry has not grown to match the need for residential houses, apartments, and offices.
According to the Uganda Bureau of Statistics, in 2020, Uganda’s population was nearly 46 million people, of whom 27% were urban residents.
Urban households are also expected to grow from 2.9 million in 2020 to 3.8 million in 2025, with an increase of 180,000 housing units needed by 2025 to accommodate the growing population.
Abbas Rasheed, the general manager, Universal Multipurpose Enterprises, a company that deals in residential housing in the form of condominium apartments, said that rising real estate and construction costs have many entrepreneurs and families considering residential and commercial.
“It therefore makes sense for businesses or families to share land and parking or security. Stand-alone buildings are expensive and hard to find in many areas, especially in commercial business parks,” he said.
Adam Mpuuga, a city realtor, says Uganda needs an orderly response to rapid urbanization. Experts expect it to grow at 5.6% per annum.
By all means this means government needs to have a plan on board. This is such that it doesn’t catch them off guard.
Check Also;
- How Haruna Sentongo Used Shs300k To Become Real Estate Multi-Billionaire
- East African Real Estate Investors Discover The Working Class
- Who Is To Pay How Much As Kampala; Entebbe Expressway Collections Begin
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
