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Africa

Banks to Crack Down on Substandard Real Estate Developers After Diaspora Property Outcry

Uganda Bankers’ Association (UBA) Chairman, Julius Kakeeto says UBA has issued key measures to address key complaints and concerns of the diaspora community regarding the quality of properties being sold to them by property developers and financed by UBA member institutions through mortgage finance.

Ugandan Banks have responded to growing concerns from the diaspora community over the quality of real estate developments financed through mortgages, announcing a raft of reforms to protect buyers and…

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Tagged: Diaspora investment Julius Kakeeto Mortgage finance Property developers Real estate Uganda Uganda Bankers Association Uganda Bankers Conference

About the Author

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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