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Jul 2 results
18:12
18:12

Oil Discovery Boosts Hotel Industry in Hoima hotels 4 1

Investors from both within and outside Uganda are flocking the region particularly Hoima district to acquire land for the construction of hotels, one of the crucial businesses likely to boom in the near future as Uganda gets closer to the exploration of oil.
08:07
08:07

Increased Demand For Land Boosts Real Estate Business In Hoima oil dicovery 2

Since the discovery of oil in Hoima and Buliisa districts in 2006, speculators have been rushing to the region to strategically position themselves to reap from the oil benefits. In Hoima town centre, a plot of land now goes for between 100 and 300 million shillings, up from 10 to 40million shillings three years ago. In the town suburbs, a plot of land now costs between 10 and 30 million shillings, while in the oil rich areas of Buseruka sub county, a plot that used to cost 500, 000 shillings now goes for up to 20 million shillings.
Jul 2 results