Drs. Kitimoi and Okonye Secure Additional UGX 5.2 Billion to Drive UGX 115 Billion Residential Estate

What the report says

Watchdog Uganda reported that Drs. Nixon Kitimoi and Fixon Akonya Okonye have obtained an additional UGX 5.2 billion for the next phase of a Kampala residential estate being developed through Pal and Lisa, their family-owned multi-sector company. The report says the new phase is planned to add 45 single-family homes aimed at a range of tenants, including individuals, couples, young professionals and families.

According to the publisher, the latest phase would take the wider estate to more than 100 residential units and raise its estimated value to about UGX 115 billion. The article presents the project as a multi-phase development with a mix of smaller and larger units, intended to offer more choice in a city where demand for organized, well-designed housing remains strong.

Watchdog Uganda framed the funding as a boost to construction progress and delivery certainty, noting that additional capital can help real estate developers maintain momentum, support contractors and manage quality across phases. The report did not name the source of the new financing or provide a construction timetable.

The development matters because Kampala continues to face pressure from urban growth and changing housing preferences. While the article’s claims are limited to this project and its stated plans, the broader context is that private residential estates are increasingly part of how developers respond to demand for planned housing in Uganda’s capital.