Under the arrangement, BLB will offer survey and title processing services for all Centenary bank customers that want kyapa loans from within central Uganda. Speaking at the MOU signing held at the bank’s head offices on Mapeera House building, the managing director of Centenary bank Fabian Kasi recognized BLB’s experience in the land management sector as one of the reasons they have sought their services.
“It’s a pleasure to have this MOU signing with Buganda Land Board as we work towards simplifying the life of our customers seeking to acquire land titles. This partnership will see both the bank and Buganda Land Board synergize in matters pertaining acquisition of land,” said Kasi.
Bank customers will just need to have proof of ownership of their bibanja and a stream of income to qualify for this arrangement. BLB chairman Eng Martin Kasekende appreciated Centenary bank for the vote of confidence in the organization’s capacity to handle all land-related matters.
“We consider ourselves a one-stop-centre on land matters because of our expertise in this sector that spans more than 28 years. We promise Centenary bank and its many clients that we will not break their trust,” Kasekende said.
According to Kasekende, BLB now has a fully-fledged department that handles people on land other than Kabaka’s who are the main target of this new arrangement. With Centenary bank alone, the LAFI initiative has seen over 550 people receive titles while more than 2,000 titles have been issued to clients through other partner banks. Kasekende thus noted that the board will ensure efficient and timely delivery of titles to the bank’s clients.
The event was officiated by the Buganda Lukiiko speaker Patrick Luwagga Mugumbule who represented the Katikkiro of Buganda while the director land management at the ministry of Lands Naome Kabanda attended on behalf of the ministry.
Kabanda applauded BLB for its professionalism in land management and promised government’s technical support in this new arrangement. She further noted that with over 80 per cent of land in Uganda being untitled, there is need for such partnerships to ease title acquisition and thus end land wrangles.
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