KCB Bank Uganda has entered into a strategic partnership with Candle Light Property Services Ltd to expand access to affordable land and housing for Ugandans.
The agreement will allow customers to secure competitive mortgage financing from KCB Bank Uganda to purchase plots and houses developed by Candle Light, addressing long-standing barriers to property ownership. Under the arrangement, Candle Light will refer potential buyers to the bank for financing, while KCB will extend loans to eligible customers in line with its credit policy.
Officials say the initiative is designed to break down common obstacles to home ownership by combining flexible financial solutions with transparent and legally compliant real estate developments.
Speaking at the signing ceremony, Miranda Musoke, Head of Retail at KCB Bank Uganda, reaffirmed the bank’s commitment to easing property ownership.
“At KCB Bank Uganda, we are committed to empowering individuals and families to own property without the financial strain that has historically kept many from this goal. This partnership with Candle Light Property Services means our customers can access affordable, transparent, and sustainable property solutions backed by competitive mortgage financing. Together, we are making home ownership not just a dream, but an achievable reality,” Musoke said.
Candle Light Property Services, a Ugandan-owned real estate firm guided by the motto “Spark hope. Build homes”, has positioned itself as a player in affordable housing through flexible payment plans, well-serviced developments, and eco-friendly land use. The company also supports first-time buyers with simplified legal and documentation processes.
Filbert Kirama, Managing Director of Candle Light Property Services, welcomed the collaboration, saying it would give customers confidence in pursuing property ownership.
“Our mission is to transform and revolutionise Uganda’s real estate industry by creating organised, affordable, and sustainable communities. Partnering with KCB Bank Uganda enables us to offer our customers the financing support they need, while upholding our commitment to transparency, quality, and customer trust,” Kirama said.
The partnership comes at a time when Uganda’s real estate sector is experiencing steady growth, fueled by rising demand for affordable and secure housing. Analysts say combining KCB’s mortgage expertise with Candle Light’s community-driven approach could boost financial inclusion, support planned urbanisation, and accelerate socio-economic transformation.
