Opportunities & Partnerships | Derrick Mutegyeki, Deputy CEO, National Housing & Construction
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Derrick Mutegyeki, Deputy CEO of
Derrick Mutegyeki, Deputy CEO of NHCC, Explores Uganda’s Housing Sector Opportunities at UK-Africa Trade Summit.
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Derrick Mutegyeki, Deputy CEO of Finance and Administration at Uganda’s National Housing and Construction Company (NHCC), presented a compelling case for UK-Uganda collaborations in the housing sector during the UK-Africa Trade Summit. Highlighting the significant housing deficit and infrastructure challenges in Uganda, Mutegyeki called on UK investors to partner with NHCC to address these pressing needs while seizing valuable investment opportunities in the region.
[London, September 15, 2024]: Uganda is experiencing rapid urbanization, presenting both challenges and opportunities in the housing sector. During his address at the UK-Africa Trade Summit, Derrick Mutegyeki outlined a multi-faceted strategy to attract UK businesses to invest in Uganda’s growing real estate market. He emphasized that affordable housing, sustainable construction practices, and infrastructure development are critical areas where UK investors can make a significant impact. By forming strategic partnerships with NHCC, UK businesses stand to benefit from the burgeoning demand for housing solutions while contributing to the country’s long-term urbanization goals.
Mutegyeki outlined three core areas for collaboration:
1. Affordable Housing: Uganda faces a substantial housing deficit, particularly among low- and middle-income populations. Mutegyeki invited UK investors to collaborate on affordable housing projects that can meet the growing demand in both urban and rural regions.
2. Sustainable Construction: With a focus on sustainability, Mutegyeki encouraged UK investors to bring advanced construction technologies and environmentally friendly building practices to Uganda. These partnerships can help meet Uganda's sustainability goals while offering green investment opportunities.
3. Integrated Infrastructure Development: Housing development must be supported by essential infrastructure. Mutegyeki urged UK firms to explore comprehensive projects that integrate housing with vital services, such as water, sanitation, and transportation, creating resilient communities.
During the summit, NHCC also underscored its ongoing engagement with the UK Chambers of Commerce to facilitate investment and collaboration. Mutegyeki announced plans for investment forums that will showcase Uganda's housing potential, particularly in rapidly growing urban areas such as Kampala. He emphasized the importance of knowledge transfer, urging UK companies to share expertise in urban planning, construction management, and sustainable development.
“Uganda is at a critical juncture in its urbanization journey,” Mutegyeki stated. “With UK investment and expertise, we can create sustainable housing solutions that not only address our current housing deficit but also position us to meet future demands as our cities continue to grow.”
As Uganda continues to urbanize rapidly, the country’s long-term strategy revolves around building resilient and sustainable communities. Strategic partnerships with UK businesses are essential to turning this vision into reality, and NHCC is actively seeking collaborations that will benefit both co
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