Universal Multi-Purpose Enterprises, DTB to enhance affordable housing drive
The goal of the partnership is to make home ownership more accessible and affordable for Ugandans through flexible financing solutions.
Managing Director, DTB Uganda, Godfrey Sebaana (right) and the Universal Multi-Purpose Enterprises representatives sign the MoU on Wednesday in Kampala. (Courtesy photo)
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In a move aimed at bridging the ever-growing housing deficit in Uganda, Universal Multi-purpose Enterprises Ltd has entered into a strategic real estate financing partnership with DTB Bank Uganda.
The goal of the partnership is to make home ownership more accessible and affordable for Ugandans through flexible financing solutions.
It brings together Universal Multi-purpose Enterprises Ltd's expertise in property development and DTB Bank's financial capabilities to bridge the gap between housing demand and access to affordable financing.
The partnership will enable prospective homeowners and property investors to access structured mortgage and financing solutions that make property acquisition more affordable and accessible, while supporting the continued growth of Uganda’s real estate sector.
“Today’s announcement formalises a shared commitment between our two institutions to make home ownership more accessible for Ugandans. Through this partnership, DTB and Universal will work together to provide customers with better, more structured access to mortgage financing and a smoother home-buying journey,” Sebaana said.
He noted that Uganda continues to face a significant housing deficit, estimated at more than 2.4 million housing units, while demand continues to grow by hundreds of thousands of homes every year.
“This presents not only a challenge, but also an opportunity for institutions like ours to provide practical, sustainable solutions. Partnerships such as this one are essential if we are to make quality housing more accessible to Ugandans,” he added.
Managing Director of Universal Multipurpose Enterprises Limited, Muffaddal Yeolawala, welcomed the partnership, saying it would help address one of the biggest barriers to home ownership in Uganda.
The partnership supports broader national efforts to increase access to decent housing, encourage investment in real estate and stimulate economic activity through property development and mortgage financing.
Sebaana said the collaboration builds on DTB’s recently launched Mortgage Finance solution, which offers structured, longer-tenure financing for credible property developers, as well as tailored mortgage products for individuals and corporate employees.
“Through this partnership, we are making that journey even more accessible, and we encourage all Ugandans who aspire to own a home to speak to us about the mortgage solutions available to them. Together, we can turn the dream of home ownership into a reality for many more families,” he concluded.
The initiative is expected to enable more individuals and families to acquire residential properties through tailored mortgage and financing packages.