Stanbic Bank, Quesi roll out affordable housing project in Kasanje

December 18, 2025 in Business, Companies, Financial Services by Editor

Stanbic Bank Uganda and Quesi Properties have unveiled La Valle Estate in Kasanje, a residential housing project combining phased construction with accessible mortgage financing to expand home ownership for working Ugandans.

Stanbic Bank Uganda has teamed up with real estate developer Quesi Properties to roll out La Valle Estate, a planned residential housing project in Kasanje aimed at widening access to affordable home ownership for working Ugandans.

The initiative brings together Stanbic Bank’s mortgage financing capabilities and Quesi Properties’ development expertise, allowing buyers to acquire homes off-plan through a phased construction and financing model. Under the arrangement, construction costs are released in stages over a six-month period, a structure intended to improve affordability, manage risk and enhance value for buyers.

Phase One of La Valle Estate comprises 25 three-bedroom houses, while Phase Two will deliver an additional six three-bedroom homes and four four-bedroom villas. Shared amenities planned for the estate include a clubhouse and a daycare centre, reflecting a broader focus on organised, family-oriented community living. A completed model house was unveiled at the launch.

Speaking at the unveiling, Sam Mwogeza, Executive Director and Head of Personal and Private Banking at Stanbic Bank Uganda, said the project reflects the bank’s shift toward financing solutions that respond to practical social and economic needs.

“The challenge of housing affordability is global, but it is more pronounced in emerging markets where access to long-term, affordable mortgage finance remains limited,” Mwogeza said. “Initiatives such as La Valle Estate are designed to make dignified home ownership more achievable for working Ugandans.”

Under the scheme, Stanbic customers can access mortgage financing with interest rates structured below prevailing market averages. Prospective buyers may apply through Stanbic branches or engage their relationship managers as part of the home acquisition process.

Damalie Kairumba, Head of Mortgage Finance at Stanbic Bank Uganda, said the model addresses longstanding constraints in Uganda’s housing finance ecosystem.

“Many Ugandans have the capacity to service a mortgage but are held back by affordability gaps, documentation requirements or uncertainty during construction,” Kairumba said. “By combining phased financing, professional oversight and competitive pricing, we are providing greater certainty and transparency throughout the home-buying journey.”

Quesi Properties said the collaboration is anchored in a shared commitment to quality, affordability and long-term community development, noting that institutional backing from Stanbic Bank strengthens delivery while offering buyers additional confidence.

Beyond expanding access to housing, the project is expected to generate direct and indirect employment opportunities during the construction phase, particularly for skilled youth and local suppliers, contributing to economic activity in the Kasanje area.

As the lender marks 35 years of operations in Uganda, it says such initiatives underline its long-term commitment to supporting household wealth creation and economic resilience.