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@kfm Tue, 02 Jul 2024 09:54:45

48,700 housing units needed annually to address deficit-report

A new report by the ministry of lands, housing & urban development has revealed that Uganda’s urban population is projected to grow from 11 million in 2022 to 20 million in 2035. The report titled “State of Urban Sector Report” further reveals that with an estimated deficit of 2.4 million housing units, the country needs to produce over 48,700 units annually to fill the gap. The report shows that, year-on-year contribution of the housing sector to Gross Fixed Capital Formation hovers about 1.6percent which represents 0.003percent of GDP. The state minister for housing Persis Namuganza says this performance reveals stagnation in expenditure on dwellings which is associated with the type and quality of the housing sector. She adds that a large […]

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