Uganda Plans Transforming Housing Agency

By Sam Okwakol

Kampala — The government is considering transforming National Housing and Construction Company Limited (NHCC) into formidable company that can undertake major road construction projects in the country to reduce on cash outflows to foreign nations.

"It is sad that Uganda does not have a single local company in Uganda that can construct major roads. All these companies you see are foreign. I spend over Ushs3 trillion every year on roads construction but all this money goes to foreign companies. No wonder the economy is slow," Matia Kasaija, Minister of Finance, Planning and Economic Development said last week.

He said he has had several discussions with management of NHCC and he has challenged them to be more productive.