Uganda Plans Complete Takeover of National Housing Company

Uganda's partnership with Libya in National Housing and Construction Company is almost coming to a close as the two look to part ways, writes JUSTUS LYATUU.

The government has started working on plans to fully take over the entire shareholding of National Housing and Construction Company (NHCC) from the Libyan government.

Government believes that with NHCC under their control, the company could have the right investment strategy to put up more housing units and help reduce the national deficit that currently stands at 1.6 million.

Chris Baryomunsi, the state minister for Housing, said the government believes that when it acquires 100 per cent stake in the company, the company will be more effective and help solve the housing challenges the country faces.

READ MORE: http://www.observer.ug/business/38-business/46840-govt-plans-complete-ta...