Housing Finance Bank

Lower income tax boosts profits at Housing Finance

Housing Finance Bank reported a 22.9% jump in net profits for 2016, helped by a decline in its income tax expense, and a rise in interest income driven by higher returns on investment securities.

Lack of local content in construction sector and cheap housing finance irks finance minister

Finance minister Matia Kasaija has decried the shortage of local content in Uganda's construction sector, which he said is one of the reasons housing is very expensive since the imported materials used in building are bought with dollars.

Lower income tax boosts profits at Housing Finance

Lack of local content in construction sector and cheap housing finance irks finance minister

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