Affordable Housing Initiatives for Ugandans in Diaspora: Insights from Noella Kyomugisha at the 13th Summit
The 13th UK-Uganda Trade Summit was marked by an insightful presentation from Noella Kyomugisha of Universal M. Enterprises. She focused on the company’s commitment to developing affordable housing in Uganda, with a particular emphasis on meeting the needs of Ugandans living in the diaspora, especially those in the UK.
Noella Kyomugisha’s Address on Affordable Housing
Kyomugisha introduced Universal M. Enterprises as a developer specializing in condominium apartments. The company offers a range of options, from one to three-bedroom units, located in prime areas across Uganda, including Kampala and Entebbe.
The core mission of Universal M. Enterprises, as articulated by Kyomugisha, is to provide Ugandans living abroad with opportunities to own affordable homes in their home country. This initiative is particularly significant given the growing demand for quality and affordable housing among the Ugandan diaspora community.
She also highlighted the company’s achievements in housing development, noting that Universal M. Enterprises has successfully provided over 4,000 homes. This impressive feat underscores the company's commitment and expertise in addressing Uganda’s housing needs.
The Importance of Affordable Housing for Diaspora
Kyomugisha’s presentation emphasized the critical role of affordable housing in bridging the gap for Ugandans living overseas. This initiative not only enables them to own property in Uganda but also strengthens their connection to their homeland.
By focusing on strategic locations and ensuring the quality of housing, Universal M. Enterprises is catering to the specific preferences and needs of the diaspora community. This approach ensures that their housing offerings are not only affordable but also desirable in terms of location and living standards.
Noella Kyomugisha’s remarks at the 13th UK-Uganda Trade Summit brought to light the pivotal role of real estate developers like Universal M. Enterprises in catering to the housing needs of Ugandans in the diaspora. Their commitment to providing affordable, strategically located, and quality housing is a significant step towards improving the living standards of Ugandans abroad and contributing to the growth of Uganda's real estate sector. As the demand for housing solutions tailored to the diaspora continues to rise, initiatives like those of Universal M. Enterprises are essential in fostering a stronger connection between Ugandans abroad and their homeland.
Summary: “The speaker highlighted the various tax incentives and investment opportunities in Uganda, particularly in strategic sectors like agriculture, education, and tourism. Emphasis was placed on the tax benefits for developing industrial parks and producing for export, encouraging Ugandans in the diaspora to invest back home.”
Councillor Ramji Chauhan, Mayor of Harrow and the first Uganda-born individual in the role, shared his journey from a Ugandan refugee to UK public servant. Elected in 2010, he’s focused on community service and environmental conservation. He embodies the resilience of Ugandans, contributing significantly to global trade and business.
Preview of the 13th Annual UK-Uganda Convention 2023, scheduled for September 8, 2023, in London, hosted at the esteemed Blue Orchid Hotel, London.