KCB Bank Uganda has announced a strategic partnership with Reportage, aimed at providing specialized financial solutions tailored to meet the evolving needs of customers in the real estate sector. The partnership was officially launched today at Four Points by Sheraton, marking a significant step towards enhancing accessibility and support for property buyers and investors.
Caption: Alkesh Rajput Kumar, (L), President Reportage Properties Uganda, Miranda Bageine Musoke, (R), Head Retail Banking at KCB Bank Uganda, pose for a photo after signing the MOU between the two entities. KCB Bank’s partnership with Reportage Properties is aimed at providing specialized financial solutions tailored to meet the evolving needs of customers in the real estate sector.
Through this collaboration, KCB Bank will offer streamlined transactions, exclusive offers, and personalized financial advice to customers referred by Reportage. The initiative reflects KCB Bank’s steadfastness to delivering innovative banking solutions that empower individuals and businesses to achieve their property ownership goals.
Speaking at the launch, Miranda Bageine Musoke, Head Retail Banking at KCB Bank Uganda, expressed excitement about the new partnership. “We are thrilled to join forces with Reportage to create a seamless financial journey for those aspiring to own property. This partnership aligns with our vision of enabling our customers to access financing solutions that are both convenient and customized to their needs.”
According to the Uganda Beaureau of Statistics, the housing deficit in Uganda stands at 2.4 million housing units, out of which 210,000 units are in urban areas and 1.395 million units in rural areas. An estimated 900,000 units are substandard and in need of replacement or upgrading. Residential property prices in Kampala’s suburbs rose by at least 4% in 2024, indicating a robust demand for housing in urban areas.
Alkesh Rajput Kumar, President Reportage Properties Uganda also shared enthusiasm for the collaboration, highlighting the positive impact it will have on clients seeking comprehensive support throughout their property acquisition process. “There is a lot of potential in this market in terms of real estate. Most of the buyers lack exposure about the international market and that is why we are here – to share new concepts, plans and ideas on what real estate is doing globally. I thank KCB Bank for allowing to join hands with us. I know that together we will enable Ugandans achieve their dreams of owning homes,” he said.
The partnership will enable customers to benefit from faster loan processing times, dedicated relationship managers, and financial products designed to facilitate real estate investments. This initiative underscores KCB Bank’s unwavering commitment to driving growth in Uganda’s real estate market through accessible and efficient financial services.
KCB Bank Uganda is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The Bank has 14 branches spread across the country,15 ATMs, 385 Bank Agents and 295 Merchant outlets. Its mission is “To drive efficiency whilst growing market share in order to be the preferred financial solutions provider in Africa with global reach.’’
