KAMPALA — Housing Finance Bank (HFB) has entered into a landmark partnership with Pearl Marina Estates through a Memorandum of Understanding (MOU) signed today, setting the stage for new innovations in housing finance and real estate development.
The collaboration will see HFB roll out customized mortgage solutions designed to make homeownership more affordable, while Pearl Marina Estates contributes its expertise in modern property development. Together, the two institutions aim to reshape Uganda’s housing landscape by combining financial services with high-quality real estate offerings.
Housing Finance Bank Managing Director, Michael Mugabi, described the partnership as part of the bank’s vision to finance a sustainable future. He noted that the alliance would create a “resilient ecosystem” to support customers from property search to financing, thereby bridging gaps in the housing sector.
The initiative comes at a time when Uganda faces a housing deficit of nearly 3 million units. John Baptist Kaweesi, HFB’s Head of Mortgages and Consumer Banking, emphasized that the partnership would make mortgages more accessible and help more Ugandans transition into homeownership.
Pearl Marina Estates’ General Manager, Piyush Dixit, hailed the MOU as “a bold step towards shaping the future of real estate in Uganda,” highlighting the potential to unlock growth opportunities and deliver lasting impact for aspiring homeowners.
The agreement creates a framework for collaboration in innovation, customer-focused solutions, and operational excellence. Both organizations expressed confidence that the partnership would not only benefit their clients but also contribute to addressing Uganda’s housing challenges and boosting economic growth.