March 28, 2026
3-M7-signs-bills-on-19th-February-2026-scaled

President Yoweri Kaguta Museveni yesterday assented to three critical laws aimed at strengthening Uganda’s construction, housing finance, and property valuation sectors.

‎The President signed the Building Control (Amendment) Act, 2025, the Mortgage Refinance Institutions Act, 2025, and the Valuation Act, 2025 at State House, Entebbe.

‎The Building Control (Amendment) Act introduces stricter penalties for illegal construction and violations of approved building standards, enhancing safety and accountability amid Uganda’s rapidly expanding urban areas.

‎The Mortgage Refinance Institutions Act empowers the Bank of Uganda to regulate mortgage refinance institutions, improving oversight of the housing finance sector and increasing access to long-term funding for homeowners.

‎The Valuation Act establishes the Institute of Certified Valuers, which will oversee professional standards, registration, and regulation of valuers, further professionalising the sector.

‎Together, these laws are expected to streamline construction oversight, deepen the mortgage market, and raise professional standards in property valuation—supporting Uganda’s ongoing urban development and housing growth

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *