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Akright Projects Limited

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Akright Projects Limited
Company typePrivate
IndustryReal estate & construction
Founded1999
HeadquartersKakungulu Housing Estate
Kampala-Entebbe Road
Bwebajja, Uganda
Key people
Anatoli Kamugisha
managing director & chief executive officer
ProductsPlanned, organized residential housing estates
WebsiteHomepage

Akright Projects Limited (APL) is a privately owned real estate development company in Uganda. It is a leading property development company in the country.[1] APL is the largest indigenous property development company in Uganda.[2]

History

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In 1990, Anatoli Kamugisha founded his first company Kanoblic Group Limited, a real estate construction business. He borrowed money from friends to register his business. He won construction contracts from several reputable firms, including Sugar Corporation of Uganda Limited and the Norwegian Forestry Society.[3] In 1999, he closed down Kanoblic and started Akright Projects Limited, a company that plans, designs, and constructs organized residential communities (satellite cities) in or near urban centers in Uganda, as an alternative to the mushrooming slum problem in Uganda's cities and towns.[4] The shares of stock of Akright are owned by Kamugisha and members of his family. The majority of senior managers in the company are also family members.[5]

Kakungulu Housing Estate

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Main article: Akright City

In 2002, Akright acquired 2 square miles (1,300 acres) of land from the descendants of Prince Badru Kakungulu for the development of the company's largest planned housing estate in the country to-date, Akright Kakungulu Housing Estate. It is located at Bwebajja, approximately 18 kilometres (11 mi), by road south-west of Kampala, Uganda's capital, along Kampala-Entebbe road.[6][7]

References

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  1. ^ Batte, Edgar (9 July 2014). "Ways You Can Buy A House From Agents". Daily Monitor (Kampala). Retrieved 28 November 2014.
  2. ^ Kimbowa, Joseph (22 October 2013). "Kenya Commercial Bank Boosts Real Estate Industry". The Observer (Uganda). Retrieved 28 November 2014.
  3. ^ Akright. "Background To Formation of Akright Projects Limited". Akright Projects Limited (Akright). Archived from the original on 5 December 2014. Retrieved 28 November 2014.
  4. ^ Kulabako, Faridah (10 March 2014). "Real Estate Entrepreneur". Daily Monitor. Kampala. Retrieved 28 November 2014.
  5. ^ Odyek, John (6 April 2011). "Running A Successful Uganda Family Business". New Vision Quoted by "Africa Uganda Business Travel Guide". Kampala. Retrieved 28 November 2014.
  6. ^ w'Ouma, Wandera (14 July 2006). "Uganda: Museveni to Launch Kakungulu Estate Today". Daily Monitor (Kampala) via AllAfrica.com. Retrieved 28 November 2014.
  7. ^ Kisambira, Edris (17 April 2006). "Uganda: Shelter Afrique, Akright In US$8.5 Million Housing Deal". East African Business Week via AllAfrica.com. Kampala. Retrieved 28 November 2014.
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See also

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