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National Housing and Construction Company

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National Housing and Construction Company

National Housing and Construction Company Limited
Type Limited Liability Company
Industry Housing
Founded 1964
Headquarters Kampala, Uganda
Key people Agnes Kalibbala
Chairperson
Felix Okoboi
Chief Executive Officer[1]
Services Construction
Revenue US$6 million
Total assets US$70 million (2009)
Employees 150
Website http://www.nhcc.co.ug

National Housing and Construction Company Limited (NHCC), is a Ugandan construction and real estate management company, partly owned by the Uganda Government. The Company’s mandate is to increase the housing stock in the country, rehabilitate the housing industry and encourage Ugandans to own homes in an organized environment.[2]

History

NHCC was established by the National Housing Corporation Act of 1964, as a 100% government parastatal. The Act was later repealed by the 1974 Decree to form National Housing and Construction Corporation. In July 2002, the Corporation became a Public Limited Liability Company known as National Housing and Construction Company Limited. Later, the Uganda government partially divested from NHCC by selling 49% shareholding to Libyan African Investment Company (LAICO), an investment company owned by the Government of Libya.[3]

Ownership

As of July 2014, the shareholding in the stock of NHCC is as depicted in the table below:

National Housing and Construction Company Stock Ownership
Rank Name of Owner Percentage Ownership
1 Libyan African Investment Company (LAICO) 49.0
2 Uganda Government 51.0
Total 100.00

Asset base

In 2011, NHCC owned assets in excess of US$70 million, with annual turnover of US$6 million. NHCC owned 5.0% of Housing Finance Bank, Uganda's 9th largest commercial bank, as of December 2013.

Products and services

  • Design, construct and sale high quality homes in an organized environment
  • Offer consultancy services in real estate development and management
  • Provide construction services for medium and large-scale projects
  • Offer Property Management Services for the government-owned ultra-modern Crested Towers Office Complex in downtown Kampala

Current projects

As of December 2009, the following are some of the construction and management projects that NHCC was involved in: Sunset Apartments - 268 Apartment Homes (3 bedrooms each) - Kiwaatule, Kampala

Recent developments

In July 2014, NHCC borrowed US$9 million from Shelter Afrique, a Nairobi-based pan-African finance institution, for the purpose of constructing more affordable housing in Uganda.[4][5][6]

Mortgage providers

NHCC works with the following mortgage providers at all of her housing projects:

See also

References

  1. ^ Kiggundu, Edris (18 February 2014). "Uganda: Police Cracks Down On NHCC Manager". Retrieved 3 July 2014. 
  2. ^ Wacha, Joe (25 February 2013). "NHCC To Build 7,500 Houses For Low Income Earners". Uganda Radio Network (URN). Retrieved 3 July 2014. 
  3. ^ NHCC, . "NHCC: Company Profile". National Housing and Construction Company (NHCC). Retrieved 3 July 2014. 
  4. ^ Gachiri, John (21 July 2014). "Shelter Afrique In KSh790 Million Deal With Uganda Firm". Business Daily Africa (Nairobi). Retrieved 21 July 2014. 
  5. ^ Administrator, . (20 July 2014). "Shelter Afrique Extends $9 Million Loan To Uganda". Kenya Broadcasting Corporation. Retrieved 21 July 2014. 
  6. ^ Baguma, Raymond (21 July 2014). "National Housing Signs Pact for Affordable Houses". New Vision. Retrieved 22 July 2014. 

External links

  • NHCC Homepage
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