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UPHL takesover professional management of three properties belonging to Uganda Railways Corporation in Kenya

FAQs

WHO ARE THE SHARE HOLDERS OF UPHL?

Ministry of finance, planning and economic development.

Minister of state for finance, planning and economic development- privatization.

 

PERFORMANCE OF UPHL

UPHL has taken over and renovated properties in London and Mombasa. Audited accounts for 2000/2002/2003/2004/2005/2006/2007 are available.

 

TENDERING PROCESS

UPHL adheres to government tender regulations. It has a contracts committee and board of directors.

 

WHO OWNS FARMERS HOUSE, DEVELOPMENT HOUSE AND EMBASSY HOUSE?

No information avilable at the moment

 

WHO IS COLLECTING RENT?

These houses are owned by Uganda land commission. They provide office accommodation for government. President’s office requested UPHL to manage the buildings on their behalf. This was later approved by cabinet retrospectively. UPHL has not taken over management of embassy and development houses. It has however taken over the management of farmer’s house. Government departments currently do not pay rent but arrangements are being made for them to pay.

 

IS UPHL LIKELY TO BE FULLY COMMERCIAL: DO THEY HAVE AN INVESTIMENT PLAN?

UPHL operates commercially. Policies are set by the board of directors and implemented by management. We operate a budget and an investment program.

 

AD HOC COMMITTEES

The role of the ad hoc committees is to expedite the analysis and resolution of extraordinary events and issues. Their composition, meeting frequency and tenure depend on the circumstances.