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Accountants seek sh100b for new home

By Edward Kayiwa

Added 16th January 2018 04:42 PM

Begumisa said the project will include office space, lecture theatres, a guest wing and business center.

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Begumisa said the project will include office space, lecture theatres, a guest wing and business center.

The institute of Certified Public Accountants (ICPAU) is looking for approximately sh100b to construct a permanent home in Lubowa, along the Kampala - Entebbe road.

According to Protazio Begumisa, the president of the institute, the first phase of the construction project is expected to cost $8m (sh29b).

“So far, we have ample space here at Kamokya, the numbers are growing rapidly and we may need to have our own home in Lubowa. Therefore, we need all the help we can to raise the money,” he said.

Begumisa said the project will include office space, lecture theatres, a guest wing and business center.

He added that they are aiming at producing more than 10,000 young professionals in the next five years, to bridge the deficit of accountants and boost corporate governance.

Currently, statistics indicate that the institute has more than 7,000 students with demand from the Government and the private sector growing so fast.

Begumisa said the growing number of firms setting up shop in Uganda, is also driving up the demand for professional accountants, particularly in the financial services sector.
 
The institute’s chief executive, Derrick Nkajja said the first phase of the project is expected to be completed in the next four to five years.

 

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