Housing Finance opens Ntinda branch
HOUSING Finance Company has opened a third branch at the new Ntinda Shopping Centre. Finance state minister Fred Omach Jachan advised the company to design strategies to attract more savings in line with the Governments’ aspiration to increase savings that stand at only 10% of the country’s gros
HOUSING Finance Company has opened a third branch at the new Ntinda Shopping Centre, writes David Muwanga. Finance state minister Fred Omach Jachan advised the company to design strategies to attract more savings in line with the Governments’ aspiration to increase savings that stand at only 10% of the country’s gross domestic product (GDP).
“The Government’s target is to increase savings to 20% as a percentage of GDP if we are attain the development that we desire,†Omach said.
He said Uganda’s high population and urban growth rates have caused a challenge to the hosing sector and providers of mortgage finance.
“Housing Finance company should turn the Government’s policy of providing house ownership into strategies to make more business,†Omach advised.
“The Government’s target is to increase savings to 20% as a percentage of GDP if we are attain the development that we desire,†Omach said.
He said Uganda’s high population and urban growth rates have caused a challenge to the hosing sector and providers of mortgage finance.
“Housing Finance company should turn the Government’s policy of providing house ownership into strategies to make more business,†Omach advised.