In the heat of walk to work demos I made a scheduled family trip to Kampala.

Real Estate (Kakungulu Satelite City Entebbe Road)

I was to follow up to pick the title deed for our proposed mailo plot to be used as a vacation home to be build in future by the vendors Akright Projects Uganda.

We were able to get our sub-lease docs and we were happy at the pace of development in some parts of the estate like some parts were tarmarked, more physical development, and a fully built golf course by Orient bank of Uganda.
The going price of 100 by 50 ft plot is 16M UGX , we bought at 12M UGX in early 2010. The sharp price appreciation is attributed to re-sellers / speculators as Akright Projects the vendors have fully sold out.


Uganda Stocks Investment

We opened a CDS account with African Alliance located in Workers House CBD and we bought the following.

SBU at 275 UGx
NVL AT 640 UGx
NIC AT 70 Ugx
DFCU AT 1000 Ugx

The good news so far is that nvl is now 983 Ugx , post 1:1 bonus SBU is 170 (Invariably 340) UGX cum 7 UGX dividend, NIC is static at 70 UGX,
and DFCU static at 1000 Ugx.
My investment objective is for very long term with dividend yield in mind.


Special thanks to @Njung'e for recommending Entebbe road as the best choice for our plot and my friend @Pkoli for recommending AA Uganda and giving me contact people that made the CDS account opening smooth.

Thanx young wil pay one of them a visit

Thanks Bwana VVS,

But let me restate that :-

(i) The trigger for us to invest in Uganda is borne out of neccesity, our choice of owning a retirement home there makes it mandatory to invest in dividend yielding Uganda stocks as we are strong believers in equity investment.


(ii) We are looking on the very long term because we are aware that Uganda bourse for now is a shallow market.We do not have immediate plans to repartriate gains in local currency. We are more interested in dividends to accumulate to re-nvest or to cover our living expenses during retirement.


(iii) In African markets in general we have factored in downward currency fluctuations to the disadvantage of African currencies, hence the long term objective.


(iv) Luckily (not deliberately) we exchanged 1 US$ for 2380 UGX in late April 2011 not 1800 you mentioned. It is at the moment circa 2450 Ugx to 1 US dollar.

(vi) As far as we are concerned Stocks and real estate (in any form) are siamese twins. We started with real estate (strictly for accomodation) as Uganda was more affordable than Kenya on the chosen location and invariably investing in stocks in Uganda became a neccesity.

(vii) Weakening of most African currencies is not peculiar to Uganda, look at Kenya, Ghana and my native Nigeria, the story is the same.

This is purely our decision....different strokes for different folks !!!

Regards