Business

VP Ssekandi Roots for Investment in Housing Sector

Vice President Edward Kiwanuka Ssekandi on Thursday called upon the Private Sector to boost the housing industry in the country as a way of complementing government plans to enhance infrastructural development.

The Vice president said government is currently looking for more investors to boost the housing industry.

Ssekandi made the call while commissioning 86 housing units constructed by Comfort Homes Housing Estate in Naalya.

“As government focuses on infrastructure development like roads, railways, electricity, peace and micro-economic stability and creating amicable environment for investments, more private sector led investments in Uganda’s housing sector is encouraged,” Ssekandi said.

Sekandi said that the fast growing and youthful population coupled with faster urbanization, calls for a need to create an organized and well planned urban development that creates a better living environment.

The Vice President also urged Ugandans to optimally use their land to construct descent houses and in big numbers so as to meet the huge housing gap the country is facing.

He further said the current rate of construction which stands at 60,000 housing units per year is too low to satisfy the current estimated need of 200,000 housing unit per year.

“We have now begun coming out of slums and living in decent homes, we appreciate Comfort Homes for what they have put up and we are calling upon other investors to get on board since we still have a lot of land.”

Tags
Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker