KCB Bank Uganda, Reportage properties partner on mortgage solutions for Divyabhav 7Hills

KAMPALA, Uganda — KCB Bank Uganda and Reportage Properties (U) Ltd. announced a partnership Thursday aimed at expanding access to property financing for Ugandans. The collaboration seeks to streamline mortgage solutions for customers interested in acquiring properties from Reportage, addressing a common barrier to homeownership.

The partnership was officially launched with a groundbreaking ceremony for Divyabhav 7Hills, a new premium residential and commercial development located on Prince Charles Drive in Kololo. The project highlights the joint commitment of both organizations to connect property ownership aspirations with accessible financing.

Under the agreement, Reportage Properties will refer prospective buyers to KCB Bank Uganda for mortgage financing. KCB will then provide loans to qualified customers in line with its credit policies, making high-quality real estate more attainable for middle- to high-income earners.

Isaac Mukiibi, Mortgage Relationship Manager at KCB Bank Uganda, emphasized the bank’s ongoing efforts to simplify property ownership. “If you are looking to buy your dream home, KCB Bank Uganda has you covered,” Mukiibi said. “With flexible mortgage financing and a trusted partnership with Reportage Properties, home ownership is now within reach.”

Reportage Properties Uganda Limited, known for its expertise in land sales, documentation, and construction, is spearheading the Divyabhav 7Hills development. CEO Sikander M. Kassam stated the objective is to create “an exclusive residential community that seamlessly merges modern design with enduring comfort,” built for “generations.” He noted that the project’s studio apartments have already sold out, with one- and two-bedroom simplex apartments and spacious three- and four-bedroom duplex homes still available.

Uganda’s real estate sector continues to expand, driven by rapid urbanization, a growing middle class, and increasing demand for quality housing. Despite this growth, limited access to financing remains a key obstacle. Statista projects Uganda’s mortgage market to see a compound annual growth rate of more than 12% in the coming years.

Divyabhav 7Hills is positioned to meet this market opportunity, offering modern amenities, architectural excellence and long-term investment stability. With Kololo emerging as a hub for both residential and commercial developments, the project is expected to attract local and international buyers.

This initiative also supports KCB Bank Uganda’s broader ESG agenda, which prioritizes sustainable finance, inclusive economic growth, and responsible urban development. By facilitating access to housing through structured financing, KCB reinforces its commitment to building resilient communities and supporting Uganda’s socioeconomic transformation.