• There is development-oriented political will in Uganda, aimed at improving living standards.
• Uganda recently passed the Condominium Law.
• Uganda enjoys positive macro-economic policies, where the private sector is promoted through a liberalized economy.
• The affluent/middle class society of young urban professionals within Uganda and the Diaspora is steadily expanding. This is the group that currently forms the biggest clientele of Akright.
• Within the liberalized Ugandan economy, high quality construction materials are readily available.
• Mortgage financing is becoming a reality in Uganda, and Akright has a strategic relationship with DFCU Mortgage Bank to fund the clients of Akright Projects Ltd.
• The success of similar projects has shown that there is high potential in the construction Industry.
• Uganda has a favorable investment climate, where investors enjoy investment incentives from the state.
• A huge housing backlog for the City of Kampala, standing at 52,097 and a projected housing need of 147,880 units in the year 2010 (Population and Housing Census, 1991, Statistics Department-Uganda) In same report, it is estimated that only 5,000 units, out of 9,578 units are supplied annually.
• The urban population growth is increasing at a sporadic rate, as reported by the Population and Housing Census, 1991.
• There is increased awareness of the need to stay in a well-organized environment because of security, and other social amenities.
• Ugandans living in the Diaspora prefer to deal with formal real estate companies when disbursing funds for the purchase of property.