NewzSebaana (right), Zeob Yeolawala, CEO of Universal Enterprises (centre) and Muffaddal Yeolawala display signed MoUs Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank Uganda (DTB) has partnered with Universal Multipurpose Enterprises Limited to expand access to mortgage financing and increase opportunities for Ugandans seeking to own homes amid a growing housing deficit. The partnership, formalised through a Memorandum of Understanding (MoU) signed on August 5 at DTB headquarters in Kampala, is aimed at creating a structured pathway to home ownership by connecting property buyers with affordable financing solutions. The collaboration will provide mortgage and property financing options for individuals, families and investors, with the two institutions seeking to bridge the gap between housing demand and affordability.
Uganda’s housing sector continues to face significant pressure, with the country experiencing a housing deficit estimated at 2.4 million units, according to government data. The partnership comes at a time when access to long-term financing remains one of the biggest barriers limiting many Ugandans from acquiring decent housing. Universal Multipurpose Enterprises Limited Managing Director Muffaddal Yeolawala said the company’s vision is to create opportunities for both Ugandans and foreigners to invest in and own residential and commercial property in the country.
“We want to create an opportunity for both Ugandans and foreigners to invest and own property in Uganda for either residential or commercial purposes,” Yeolawala said. The company, which has operated in Uganda since 2020, has so far sold 3,500 housing units, reflecting growing demand for organised residential developments. Under the new partnership, buyers will access properties priced between Shs98 million for the most affordable units and up to Shs500 million for higher-end properties, with DTB providing financing support through mortgage solutions.
Yeolawala said the company’s developments are strategically located in key urban and suburban areas, including Kololo, Nakasero, Kisasi, Ntinda, Naalya, Kajjansi and Mbuya, offering buyers access to properties supported by essential amenities. Financing homes DTB Uganda Managing Director Godfrey Sebaana said the partnership demonstrates the bank’s commitment to supporting Ugandans achieve home ownership through accessible and flexibl… DTB Uganda MD,Godfrey Ssebaana (R), MD Universal enterprises Ltd, Muffadal Yeolawala (L), and CEO Universal Enterprises Ltd, Zoeb Yeolawala (2nd L) during the launch at the DTB head office, Kampala.
Kampala, Uganda | NEWS CORRESPONDENT | Diamond Trust Bank Uganda (DTB) and Universal Multipurpose Enterprises Limited have signed a Memorandum of Understanding (MoU) to expand access to quality housing and property financing solutions for Ugandans. The announcement was made today at DTB Uganda Head Office in Kampala. The partnership will enable prospective homeowners and property investors to access structured mortgage and financing solutions that make property acquisition more affordable and accessible, while supporting the continued growth of Uganda’s real estate sector.
Speaking during the signing ceremony, the Managing Director, DTB Uganda, Godfrey Sebaana, said the partnership reflects the bank’s commitment to developing practical financial solutions that respond to the needs of individuals, families and businesses. “Today’s announcement formalises a shared commitment between our two institutions to make home ownership more accessible for Ugandans. Through this partnership, DTB and Universal will work together to provide customers with better, more structured access to mortgage financing and a smoother home-buying journey—from the moment a family decides they want a home of their own to the day they receive the keys,” Sebaana said.
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