Stanbic bank, in collaboration with Quesi Properties, has launched the first phase of the La Valle estate.
This initiative is designed to enhance access to affordable housing financing for Ugandans. According to the 2024 National Population and Housing Census Report, Uganda faces a growing housing deficit, currently estimated at around 2.6 million units.
This gap is driven by rapid population growth, urbanization, and the high cost of formal housing. The partnership between the two institutions aims to address these core challenges.
Located in Kasanje, Wakiso district, the La Valle estate will enable customers to purchase homes “off-plan” within a well-organized community, guaranteeing quality, affordability, and value for money.
Sam Mwogeza, the executive director and head of Personal and Private Banking at Stanbic Bank, stated that the project is designed to directly tackle Uganda’s housing deficit. It focuses on expanding affordable home ownership, particularly for ordinary Ugandans often locked out of the formal housing market.
He said the initiative responds to the reality that for many people, “the home is your place of sanctuary,” a security that renting often undermines.
The project tackles long-standing barriers such as high construction costs, unreliable contractors, and expensive financing.
“Affordable housing is a challenge. By the time you finish the house, it almost feels as though you’ve been building two houses at the same time—your house and the contractor’s house,” Mwogeza noted.
He added that Stanbic bank will provide structured and accessible mortgage financing to help families acquire homes sooner.
“Stanbic customers will be able to secure units through this mortgage financing. We have structured this offering to ensure it’s affordable,” he said, highlighting an interest rate of 16.5 per cent to ease access.
Through this partnership, the bank aims to support planned estates and promote sustainable home ownership. Mwogeza stressed this is “part of the work we’re doing to support the wealth journey of Ugandans, so that they can have a better chance of not just owning property, but earning more from what it is that they own.”
Daniel Kwesiga, the managing director of Quesi Properties, stated that the La Valle estate will be developed in multiple phases. It will begin with three-bedroom bungalows and later expand to include four-bedroom villas.
He said the estate will feature key social amenities, including a clubhouse with a clinic, supermarket, salon, gym, swimming pool, and a boutique hotel. A kindergarten and daycare will also be provided to support working families.
“We believe that whoever lives here should have enough space in their unit, but also in common spaces, so that children can always have a place to play,” Kwesiga said.
He added that the project’s strategic location and improving road infrastructure, such as the Busega-Mpigi expressway and Nakawuka road, will significantly benefit residents by reducing travel time and improving connectivity to Kampala, Entebbe, and major transport routes.
“We are so few kilometers away from almost everything,” he said, noting that ongoing road projects will make Kasanje more accessible and attractive.
The estate is aimed at offering Ugandans a balanced lifestyle that combines modern housing, social services, and convenience. Kwesiga emphasized the area’s transformation with the phrase, “Dusty today, perfect tomorrow,” as it evolves into a prime residential hub.
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