Top 10 investable projects: Kireka Slum Rejuvenation Project, Uganda

Project overview

The Kireka Slum Rejuvenation Project is an ambitious urban development initiative to transform 292 acres of freehold land in Kireka, Uganda.

The project aims to construct approximately 12,000 modern social housing units, catering to diverse income groups through one- and three-bedroom units. This largescale initiative aims to improve living conditions, enhance infrastructure, and stimulate economic growth, ultimately setting a benchmark for sustainable urban development in Uganda.

The opportunity

The project offers potential partners the chance to contribute to a high-impact, government-backed urban development, ensuring long-term returns while addressing Uganda’s housing deficit.

With a rapidly growing urban population and increasing demand for affordable housing, investors will benefit from strong market demand and government support in infrastructure, policy, and land allocation.

The financials

The total estimated investment required is $158.4 million in equity funding. The project is expected to generate substantial economic activity, increasing land and property values, while providing affordable housing solutions to thousands of residents.

Project sponsor

The National Housing and Construction Company (NHCC), a government-backed entity, is spearheading the development. With a strong track record in delivering housing projects across Uganda, NHCC ensures that the project is well-managed, financially viable, and aligned with national urbanisation goals.

Significance

The project stands out due to its commitment to sustainability, social impact, and urban modernisation. It integrates eco-friendly construction practices, smart urban planning, and modern infrastructure to create a livable and resilient urban community.

By addressing the challenges of informal settlements, the project will enhance public health, provide better access to essential services, and improve overall quality of life. Additionally, the development aligns with Uganda’s Vision 2040 and the UN Sustainable Development Goals (SDGs).

The pitch

The Kireka Slum Rejuvenation Project presents a once-in-a-generation investment opportunity to shape the future of Uganda’s housing landscape. The development will feature a mix of low-cost, mid-income, and high-end housing, incorporating apartment blocks, townhouses, and villas.

Beyond residential units, the project will include modern infrastructure, including paved roads, reliable power supply, retail and commercial spaces, schools, healthcare facilities, and green parks – creating a thriving, self-sustaining urban hub.

With government backing, high demand for housing, and a focus on sustainable development, this project represents a strategic and socially impactful investment opportunity with long-term value creation.