UGANDA GETS 55 MLN USD WORLD BANK LOAN TO ISSUE ONE MILLION LAND TITLES

By Pascal Kwesiga

KAMPALA, June 18 (NNN-NEW VISION) — Uganda’s Ministry of Lands, Housing and Urban Development has received a 55 million US dollar loan from the World Bank to issue one million land titles for the poor in rural and semi-urban areas with the aim of enabling customary and communal land owners to acquire land titles and thus participate in a modern economy by using land to access loan facilities.

The initiative is part of a raft of reforms the government has approved to promote better management and development of land to contribute to efforts to transform the country from peasantry to an industrialized nation with a vibrant services sector.

Part of the money will be used to operationalize the Land Fund through which the government intends to give loans to tenants to buy out landlords and to buy land and resettle the landless.

The loan, which has been approved by Parliament is part of the World Bank’s 100 million loan issued under the competitive and enterprise development project in sub-Saharan Africa.

Under the project, the government will meet the surveying costs of the land while the land owners would be required to pay 20,000 and 50,000 shillings for application and registration for the titles respectively (one US dollar = about 2560 shillings).

Currently, the process of surveying and acquiring a land title costs between two million and five million shillings, depending on the location of the land and the surveyor.

Minister of Lands Daudi Migereko said the money will also be spent to establish the national land policy implementation secretariat to spearhead the reforms, undertake legislative and regulatory reforms in the land sector, protect and improve women’s land rights and carry out land-related research and studies to inform policy implementation.

SOURCE: NEW VISION

Leave a Reply

Releated

Biden Pushes for Quick Action Needed on Coronavirus Aid

U.S. President Joe Biden expressed a sense of urgency for lawmakers to find agreement on a new coronavirus aid package, saying Monday, “Time is of the essence.” Biden has proposed a $1.9 trillion plan that includes money to increase the pace of COVID-1…