TOP
Friday,December 04,2020 20:22 PM

Katwe to become housing estate

By Vision Reporter

Added 9th March 2004 03:00 AM

“The days of slums in small towns and urban centres are numbered as long as landlords cooperate with estate developers like Akright,” Anatoli Kamugisha, the managing director of Akright said.

“The days of slums in small towns and urban centres are numbered as long as landlords cooperate with estate developers like Akright,” Anatoli Kamugisha, the managing director of Akright said.

By Dan nSalasatta

“The days of slums in small towns and urban centres are numbered as long as landlords cooperate with estate developers like Akright,” Anatoli Kamugisha, the managing director of Akright said.

Kamugisha said this after concluding a deal with landlords of Katwe Kinyoro where he acquired 492 acres.

He said he would develop the area into real estate to cater for all classes of people.

Kamugisha said he had held discussions with a delegation from the Export-Import (EXIM) Bank of the United States about financing the project.

The delegation included Joseph Grandmaison, a member of the bank’s board of directors, Maureen Scurry, a business development officer for Africa and Andrew Herrup, the economic and commercial officer at the American Embassy.

The bank will also finance the setting up of a factory for steel structured frame homes produced by Hexaport International Company in Uganda.

This would be first of its kind in East Africa and it is meant serve the region.

Hexaport is an American international firm. It makes proprietary steel frame systems, structures and components known as International Building Systems or IBS. They are used to construct all types of buildings.

Katwe to become housing estate

Related articles

More From The Author

More From The Author