Akright Projects Limited (APL) is a privately owned

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parce ...

company in

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

. It is a leading property development company in the country. APL is the largest indigenous property development company in Uganda.

History

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. 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. The shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of Akright are owned by Kamugisha and members of his family. The majority of senior managers in the company are also family members.

Kakungulu Housing Estate

In 2002, Akright acquired 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 , by road south-west of Kampala, Uganda's capital, along

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

Entebbe Entebbe is a city in Central Region, Uganda, Central Uganda which is located on Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda pri ...

road.

References

External links

Website of Akright Projects Limited

History

Kakungulu Housing Estate

References

External links

See also