Kabaka Erects Commercial Plaza at Kasangati
Kabaka of Buganda, Fredrick Ronald Muwenda Mutebi is a proud owner of a new multi-million plaza in Kasangati.
The first tenant to occupy the building whose first floor is complete, is Equity Bank. The bank shifted from a building it was renting in the vicinity to take up space at the more elegant building.
The new plaza is adjacent to the magistrate’s courts building the Kabaka rents out to the central government.
Insiders say tycoon Kafeero Mutaasa is meeting the cost of building the plaza in consideration of the plot the king reportedly leased him where used to be a playground at Kasangati.
Mutaasa is currently constructing a storied shopping mall at the pitch the king leased him. He would have possibly completed the shopping mall by now if he didn’t catch Covid 19 and accordingly spent time in Aga Khan hospital in Nairobi for months.
Sources at Bulange, the seat of Buganda kingdom, tell us the Kabaka was set to open the plaza months back but he travelled to Germany for specialized treatment, putting off the ceremony to a later date.
Mutebi has constructed a number of commercial buildings such as Muganzirwaza at Katwe and Masengere as well as set up other development ventures such as CBS FM, BBS TV station, K2 telecom, Muteesa 1 Royal university. Buganda Royal Institute at Kakeeka-Mengo, Lubiri High School, Buloba High School and Bbowa High School, Engule Beer and Olwendo Mineral water.
Buganda is, besides the Catholic Church, one of the biggest landlords in Kasangati and Gayaza as well as in Kira.
In 2015, the Kabaka Ronald Muwenda Mutebi, tasked kingdom officials to think about his lower-rung subjects by building affordable houses.
Five years later, the Kabaka’s directive took shape with a well-planned low-cost housing project dubbed Mirembe Estate Ssentema, which is jointly developed by Guoji Group and Buganda Kingdom.
While a house in the Kigo project costs at least sh300m, someone will be able to own a complete house in Ssentema for as little as sh45m, and it will be payable in a space of three years. These are some of the projects Kabaka initiates.