MENGO GOVERNMENT TO BUILD LOW COST HOUSES
Thursday, 30th September, 2010
By Josephine Maseruka
THE Buganda Land Board is to invest in cheap housing units to cater for the low income earners, a Buganda kingdom official said yesterday.
The project will be a joint venture between Buganda Land Board, the lands ministry and the National Housing and Construction Company.
Buganda Land Board manages Buganda kingdom land and estates. It is the biggest land lord in Kyaddondo, which comprises of the districts of Kampala and Wakiso. It also has vast land in Busiro and Kyaggwe traditional counties.
“We are not selling any land but we lease it out. If there is a better development required on it, the people thereon are adequately compensated. A good example is the Serena Hotel in Munyonyo,” Saul Katumba Segawa, the land board’s communications and public relations manager, told journalists at Bulange.
Katumba was announcing the first ‘Grand Land and Property Fair’ exhibition in the Bulange gardens, from October 13. It is expected to attract over 100 exhibitors.
Construction sector spurs investment
Thursday, 30th September, 2010
By David Ssempijja
THE booming construction sector is giving rise to new multi-million dollar investments to support the industry.
Recently, Roofings, makers of steel construction materials, opened a $112m factory at the Kampala Industrial Park in Namanve, with the capacity of producing 120,000 tonnes of steel products and Tororo Cement is setting up a $50m modern production line.
Sadolin Paints also intends to build a $5m (sh11b) factory to supply the fast-growing local and international market.
Chris Nugent, the managing director, said the construction sector had a direct bearing on the growth of support industries.
“Its progress calls for more investments in similar sectors.
“Our new investment will increase production capacity by 50%. We are considering setting up the new plant at the Namanve Industrial Park,” he said.
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