Uganda’s real estate and business fraternity are bracing themselves for American investor, who will tour the country in pursuit of investment opportunities.
Anatoli Kamugisha, one of the organizers of the visit said the investors, who will include 35 Mayors from the US cities will jet into the country on November 25th for the 10-day visit.
“We want the Americans to witness and appreciate investment opportunities here and from joint ventures with Ugandans. They are well armed with expertise as well as finances that can turn this economy around”.
The team will have some of the leading American real estate players like officials from FMT , Mortgage of America, Akridge Reality Inc. and Mortgage Bank. The players are interested in setting up a mortgage finance bank to extend mortgages to prospective Ugandan homes buyers at low-interest rates.
“Lack of mortgage finance has been the main bottleneck in the growth of Uganda’s housing sector. If some one can help us solve it, hundreds of Ugandans will be able to purchase homes every year, thus enabling us to break even and expand”
The delegation will be led by Jack Ellis, the Mayor of Macon, who recently visited the country and purchased property In Akright Kakungulu Housing Estate. Kamugisha said that the team would also have bankers, lawyers and manufacturers.
The team is expected to meet President Yoweri Museveni, officials from the Ministry of Finance, Uganda Investment Authority, Uganda Manufacturers Association, Uganda Chamber of Commerce and Industry.
