KAMPALA-UGANDA/NEWSDAY. Centenary Bank Limited and Buganda Land Board (BLB) Wednesday signed a Memorandum of Understanding (MoU) to enable seamless land title processing for the bank’s customers.
BLB committed to offer survey and title processing services for all bank customers that want Kyapa mu Ngalo Loans from the Buganda region.
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Speaking at the MOU signing held at the bank’s head offices in Kampala, the Managing Director 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.”
Meanwhile, 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 our-selves 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.
He said the MoU further concretized the longstanding relationship BLB has enjoyed with Centenary Bank under the Lease Access Financing Initiative where people on Kabaka’s land acquire land titles through scheduled partial payments.
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.
The event was officiated by the Buganda Likiiko speaker Patrick Luwagga Mugumbule who represented the Katikkiro while the Director Land Management at the Ministry of Lands Naome Kabanda attended on behalf of the ministry of Lands.
Ms Kabanda applauded Buganda Land Board for its professionalism in land management and promised government’s technical support in this new arrangement.
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