KPG, a premium property management firm has confirmed its participation in the 2018 UK – Uganda Trade and Investment Convention (UCUK), which will take place on the 15th of September at the Troxy Arena in London, UK.
Speaking ahead of the annual event, Willy Mutenza, Founder and Chairman of the Uganda Convention-UK (UCUK), said it was a pleasure having KPG on board as they will be there to offer real estate management solutions to overcome challenges faced by many Ugandans in the UK diaspora.
“We have a huge challenge with our members always sending money back to relatives and friend to conduct real estate development which in the end never happens or progress doesn’t match funds sent to them”.
“For others who have real estate, their rent monies are not collected in time while others do not even receive what has been collected, only for them to return to Uganda to dilapidated property with unpaid taxes piling up” said Mr willy Mutenza
On his part, KPG Group Chairman Ibrahim Karim Bogere stated that he was ecstatic at the opportunity to engage with Ugandans in the UK, educate them on the latest trends in real estate and advise them on investment opportunities back home.
As part of this participation in the Uganda Trade and Investment Convention, KPG will make a presentation and enlighten delegates on issues pertaining to property tax, property maintenance, property development, property investment and the proposed Landlord and Tenant Bill 2016.
He stated with concern the way Ugandans in the diaspora invest back home; “Diaspora remittances have become a key supporter of the Uganda shilling which has been increasingly under pressure due to low export earnings. We therefore are concerned when their money invested in real estate is not put to good use in Uganda and shall advise them on ways to professionally manage their assets and investments”.
According to a World Bank Report released in April 2018 Ugandan remittances increased by 14% from $1.2b (Shs4.4 trillion) in 2016 to $1.37b (Shs5 trillion) in 2017.
The theme of this year’s Uganda Trade and Investment Convention is “Driving Trade, Unleashing Investment and Enhancing Economic Development: The Gateway to Ugandan Markets”. UCUK 2018 will gather key economic players including government delegations, high-profile leaders, project developers and international investors.
About KPG: KPG is a premium property Management firm that specializes in real estate asset management, acquisitions, and relationships. Incorporated with a new spirit of shaping new innovative ways to give premium rated services, KPG is a one-stop-shop consultation solution for residential and commercial properties. Exceeding expectations is always at the core of KPG’s values; we aim to give our current and prospective clients a high level of satisfaction with our services and relationships. Our mission is to provide professional and cost effective property management services forecast on client satisfaction while our vision is to become the center point for all property management services, through innovation and transformation of emerging sector challenges into strategic opportunities. For more information please find us at www.kpg.co.ug or email; info@kpg.co.ug
