The Uganda population report published in 2007 exposed a massive housing shortage to the tune of 6.1 million units. Delivery of housing is now a top priority for the government as urbanisation continues to rise.
Uganda has adopted 30 incentives for the housing industry in order to attract investment and speed up the pace of building homes. The incentives include tax remissions for developers building a minimum of 20 units in a single project for low-income earners. The incentives are will also encourage the development of infrastructure and the mobilisation of housing finance from various avenues including the capital markets and the diaspora.
The government is seeking alternative sources of housing finance to assist home buyers interested in getting mortgages.
The country has a good investment climate that has lured a lot of big investors to the East Africa nation. The released by The United Nations Conference on Trade and Development’s World Investment Report issued in 2009 showed significant improvement in FDI flows into Uganda.
Some of the investment opportunities in the housing industry include:
- The 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
For more information on these opportunities contact the Uganda Investment Authority.