#Apartments for Sale in Kampala

[aesthetic-developers]

Apartments for Sale in Kampala: Your Guide to Finding the Perfect Home

Find the best apartment for sale in Kampala! Discover affordable, luxurious, and modern living spaces in prime locations. Your dream home awaits

Introduction

Looking to purchase an apartment in Kampala? Finding the ideal home can be a task, but with the right guidance, you can secure the perfect property that meets your needs. In this guide, we'll look at the key factors to consider when searching for apartments for sale in Kampala. Stay tuned to discover valuable insights to help you make an informed decision on your next real estate investment.

Why Choose Kampala?

Kampala is not just the political and economic hub of Uganda but it's also a city rich in culture and history. With its bustling markets, serene lakeside views, and thriving nightlife, Kampala offers a lifestyle that appeals to both locals and expatriates. The city is well-connected with a robust transport system, excellent educational institutions, and world-class healthcare facilities. That all the

Exploring Apartments for Sale in Kampala

The real estate market in Kampala is diverse, catering to different tastes and budgets. Whether you seek an affordable choice or a lavish getaway, Kampala offers both. Here are some popular neighborhoods where you can find apartments for sale:

1. Kololo

Known for its upscale vibe, Kololo is one of the most sought-after neighborhoods in Kampala. It boasts a range of luxury apartments with stunning views of the city. Living in Kololo means you are close to high-end restaurants, shopping malls, and embassies.

2. Naguru

Naguru offers a mix of luxury and mid-range apartments. The area is known for its serene environment and proximity to key amenities like international schools and hospitals. Naguru Hill provides a beautiful backdrop, making it a desirable place to live.

3. Nakasero

If you want to be at the heart of the city, Nakasero is the place to be. This neighborhood is home to some of the most luxurious apartments for sale in Kampala. It makes it easy to get to places like business areas, government offices, and entertainment spots.

4. Muyenga

Muyenga is famous for its spacious apartments and panoramic views of Lake Victoria. It’s a great place for families and those who enjoy a quieter, more suburban lifestyle while still being close to the city center.

Luxury Apartments for Sale in Kampala

For those seeking an opulent living experience, luxury apartments in Kampala are designed to offer comfort, style, and exclusivity. Here are some features you can expect from luxury apartments for sale in Kampala:

1. High-End Finishes and Furnishings

Luxury apartments come with top-of-the-line finishes and furnishings. Expect marble countertops, hardwood floors, and designer appliances that enhance the aesthetic appeal of your home.

2. State-of-the-Art Amenities

From infinity pools and fully-equipped gyms to private cinemas and spa facilities, luxury apartments offer amenities that cater to your every need.

3. Prime Locations

Luxury apartments are often situated in prime locations, offering breathtaking views of the city or Lake Victoria. They are also strategically located near major business districts, shopping centers, and entertainment venues.

4. Security and Privacy

Security is a top priority in luxury apartments. Features like 24/7 security personnel, surveillance cameras, and gated access ensure a safe and private living environment.

Investment Opportunities

Investing in apartments for sale in Kampala, especially luxury apartments, can be a lucrative opportunity. The city’s real estate market has shown consistent growth, and with Kampala’s expanding economy, property values are expected to rise. Whether you plan to rent out your property or sell it in the future, investing in Kampala’s real estate market promises good returns.

Conclusion

Explore Kampala's vibrant real estate market showcasing a variety of apartments for sale. From budget-friendly options to luxurious high-end residences, there’s something for everyone. If you are looking for a blend of modern amenities and cultural richness, consider investing in an apartment in Kampala. With the city’s continuous growth and development, now is the perfect time to find your dream home or investment property.

Whether you're drawn to the opulence of luxury apartments or the charm of more affordable options, Kampala has a place for you. Explore the vibrant neighborhoods, enjoy the stunning views, and become part of the thriving community in Uganda’s bustling capital.

[gabeproperties]

4 Bedrooms Condominium Apartment For Sale In Kololo 275 sqm At $390,000

This is a condominium apartments on sale at Kololo having 4 bedrooms. They are spacious units with a beautiful architectural and interior design. FEATURES - LOCATION: Kololo, Kampala - 4 Bedrooms - 4 Bathrooms - Living room - Dining - Kitchen - SIZE: 275 Square Meters - PRICE: 390,000 US Dollars (The price adds by $5000 each floor) Agent: Ezra Read the full article

[safaripackages-blog]

4 Bedrooms Condominium Apartment For Sale In Kololo 275 sqm At $390,000

This is a condominium apartments on sale at Kololo having 4 bedrooms. They are spacious units with a beautiful architectural and interior design. FEATURES - LOCATION: Kololo, Kampala - 4 Bedrooms - 4 Bathrooms - Living room - Dining - Kitchen - SIZE: 275 Square Meters - PRICE: 390,000 US Dollars (The price adds by $5000 each floor) Agent: Ezra Read the full article

[5squarehomes]

You can discover your ideal property among the many Kampala apartments and houses on the market

The housing market in Kampala is moving a lot. Uganda's liveliest city is Kampala. People must live in more modern, comfortable neighborhoods as both the population and business expand. There are many apartments for sale in Kampala, from people who have never bought a house before to people who have done it many times, there are many option for everyone.

Analyzing the Available Apartment Options

Apartment development in the city has increased to meet a variety of consumers' needs. There are nice high-rises with great views and cute low-rise buildings that make it easy for people to meet each other. Living in an apartment with a gym, a pool, and guard dogs is easy.

The Charm of Kampala Homes for Sale

There are a lot of houses for sale in Kampala for people who want their own space and silence. There are lots of different kinds of houses for sale in the city, from fancy homes in quiet areas to cheap cabins in busy areas. For the most part, these homes have big gardens and lots of parking. Aside from that, they are near schools, hospitals, and shopping stores.

An intelligent choice to invest in Kampala's real estate

The economy will benefit from investing in Kampala real estate, which is also a reason to buy a home in the city. Commercially speaking, the city's real estate market has been steadily growing. Property prices in Kampala are likely to rise over time, whether you live in them or rent them out.

Advice for Homebuyers on Locating the Perfect Residence

Look into the Market: Know what the prices and trends are in Kampala's real estate market right now.

Place matters: Think about how close the property is to important services and how the neighborhood feels overall.

Look over the property: Make sure the property meets your needs by inspecting it carefully.

Get professional help: Get help from real estate agents or lawyers to make the buying process go quickly.

Conclusion

There are many of alternatives in Kampala for you to choose from, whether you're looking for a large home or a contemporary apartment. Putting money into the city's real estate market now, as it grows, is an investment that will pay off financially and personally. Take a look at 5squarehomes.com for a wide range of houses and start your search for your ideal house in the center of Uganda.

[expathousingug01]

Apartments For Rent

Explore a wide range of options for new homes for sale, affordable houses, and luxury real estate in Kampala with Expatriate Housing. Whether you're moving to Kampala or looking for investment opportunities.

Expat Housing Guide is a professional real estate brokerage serving Renters, Buyers and Sellers of high-end property in Uganda. The brokerage is comprised of a close group of talented realtors, led by the firm’s founder, Grace Pogłód.

Apartments For Rent

[kitengelaplots]

Why Kitengela Is A Wonderful Place To Live And Raise A Family

Plots of Land for Sale in Kitengela

Kitengela is a thriving town in Kajiado County. Once home to Maasai herders, the town has grown by leaps and bounds since 1988, when residents were given land titles to encourage private ownership. Today, Kitengela is a wonderful place to live and raise a family.

Kitengela, about 30 kilometers south of Nairobi and bordering Athi River on the east, has become an attractive residential area for Nairobi's middle-class working people. It's not just popular with residential developers, though—factories, banks, schools, and universities have moved to Kitengela as well.

Top Institutions in Kitengela:

Some of the top banks operating in Kitengela include Family Bank, Co-op bank, Equity, and KCB. Some of the higher learning institutes that have sprouted over the years include Kampala University, KAG University, KCA University, The East African University, and Kitengela Institute of Professional Studies. Furthermore, Kitengela is a thriving industrial town with foremost industries like Athi River Mining, Kenya Export Processing Zone, East Africa Portland Cement, and Kenya Meat Commission. Apart from these, there’re many social amenities also. Petrol stations, cyber cafes, supermarkets, secondary schools, and international schools are readily accessible in the region. 

Where to stay in Kitengela:

Leleshwa Getaway is an intimate hotel in Kitengela- which is a perfect retreat for families, groups of friends, or couples. It has a unique bush house, decorated with African art pieces.

Galaxy Resort is 2km from Kitengela town, off Namanga Road. Free Internet, car parking, and non-smoking rooms are available. The hotel has slides and a playground for children. Airport pick-up can be arranged on request.

Kitengela Plots is your one-stop service provider if you are looking for affordable Plots of Land for Sale in Kitengela. We promise to meet all your real estate needs with absolute professionalism. Feel free to call us at 0725 88 4003!

[juhaproperties]

Immaculately finished 2 and 3 bedroom apartments for rent in Naguru. Please call +256772596660 for more information. Visit www.juhaproperties.com/ for more listings for rent and sale. 2 bedrooms @ $1800 Per Month 3 bedrooms @ $2000 Per Month #apartmentsforrent #servicedapartments #housesforrent #realestate #KampalaUganda (at Kampala, Uganda) https://www.instagram.com/p/Btx8kq-htQN/?igshid=1v6xp4hof5in

[apexart-journal]

Casey Smith in Kampala: The Practice of Everyday Life

This journal entry is not about particular events or activities; it’s about the seemingly little things, such as walking, navigating traffic as a pedestrian, cooking/eating/drinking, buying food at the market or grocery store, interacting with strangers, etc. These are things we do everyday. I do them in Wlimington, Delaware, in Washington, DC, and in Kampala, Uganda. Wherever you are, dear reader, you do these things also. 

I’ve borrowed or stolen my subtitle to this entry from the French socio-cultural theorist and Jesuit, Michel de Certau, the author of “The Practice of Everyday Life.” I brought my copy with me, thinking that I would re-read the entire work. Of course, I’ve only re-read the introduction. De Certau wanted to re-orient cultural studies toward consideration of users and consumers, rather than makers and producers. He wasn’t interested in the exceptional case, the heroic individual, or the unique instance. As his title clearly states, he wanted to understand better the quotidian experiences that have been hidden, buried or thought unworthy of examination. The vast majority of people never get to tell their stories, or rather, the stories they tell never radiate outside of their immediate circle of family and friends.  

I attended a Jesuit high school in Indianapolis, so de Certau’s approach feels familiar. This entry is starting to feel pedantic and preachy, so I’ll cut to the proverbial chase. 

Walking is a challenge in Kampala. You have to have 360 degree vision. If a motorbike isn’t on your ass, it will be in a matter of seconds. Every fifteen or twenty seconds a boda-boda driver will sidle up to you (especially if you’re a Mzungu, i.e. non-African tourist) and say, “Boss.” Sometimes this is done only with eyes, no voice. It’s always friendly. If I put my hand out with the palm down and give a slight shake of my head to the side, that means, “No thanks” and life moves on. It’s very fluid. The boda-boda drivers know that Western tourists are cash cows. We won’t object to inflated charges, because the difference is negligible to us. If I pay a dollar and a quarter USD (roughly 4,000 Ugandan shillings) for a ride across the city, that’s ok with me. Most Ugandans think this is craziness. Mathias would maybe pay 1,000 shillings for the same trip, about 35 cents. I know that negotiating prices is common in most cultures. But, more likely, Mathias wouldn’t pay the fare; he would choose to walk. Taking a boda-boda is kind of a luxury for most Kampalans. Everybody walks everywhere.

To be honest, I don’t feel like I’m being taken advantage of when I get up-charged. I lack the local knowledge that regulates such things. This is part of the system I also remember how baffling sales tax and tipping is for internationals visiting America. Even though the prices are clearly marked, you’re asked for an additional sum (tax) and expected to know the custom of tipping. I had a friend visiting from Germany once. When he took me out for dinner he refused to tip the server, saying it was a stupid custom. When we got on the street, I pretended that I left my sunglasses on the table and left the requisite 20%.  

Transit, how people move about, has probably been the most eye-opening difference between life in an American city such as Washington, DC, and Kampala. I will never again complain about traffic on I-95 or the relative squalor of the Chinatown bus to NY. Our “problems” are so minor. 

The tactics that people in Kampala use to navigate everyday life are different, because they need to adapt to the conditions on the ground.  When Mathias came to NYC as an apexart Fellow in 2014, he experienced similar dislocations. If you’ve never seen a microwave oven, a television remote control, or a subway system, how do you navigate? You adapt, you learn, you follow, you improvise. 

Below are some transit-based photos from central Kampala and the area around my apartment on Mawanda Road. They cast a pale shadow of the manic kinetic movement on the streets and sidewalks, but they might give an idea of street life. Look both ways, look again. and one more time.

It turns out that this entry is already too long, so I don’t have time or space to write about other aspects of everyday life Kampala. Transit and movement is enough. 

Kareem Abdul Jabbar wrote in one of his many books that it’s never cool to run across a street. I don’t think he’s spent much time in Kampala. Everybody runs/jogs when crossing a street. You don’t really have the option to saunter across. The images below are a kind of visual-poem dedicated to the intrepid drivers, boda-boda (motorbike) riders and passengers, and pedestrians of Kampala. 

I took one of these taxis (above) back from Jinja. There were 17 people jammed in. The driver was like a character from “Mad Max”. I had a long conversation with Jesus, telling him that I’m sorry for my negligence and to please help me to arrive safely in Kampala. 

This boda driver was hilarious. He had a megaphone and flashing light attached to his helmet. I’ve seen pretty much everything strapped to the back of a boda, including a queen-sized mattress. 

Green (flora) and orange (soil and ground) are the predominant colors of Kampala. The “Safe Boda-Boda” drivers wear orange vests and orange helmets. They are everywhere. 

[gabeproperties]

3 Bedrooms Condo Apartment For Sale In Kololo 280,000 USD

This is a condominium unit in Kololo with 3 bedrooms for sale. It is located close to Wampewo Close in Kololo and near Speke Apartments, Hotel Africana. FEATURES - LOCATION: Kololo, Kampala - 3 Bedrooms - 3 Bathrooms - Living room - Dining - Kitchen - Balcony - Ample parking space - PRICE: 280,000 US Dollars  Agent: Ezra Read the full article

[safaripackages-blog]

3 Bedrooms Condo Apartment For Sale In Kololo 280,000 USD

This is a condominium unit in Kololo with 3 bedrooms for sale. It is located close to Wampewo Close in Kololo and near Speke Apartments, Hotel Africana. FEATURES - LOCATION: Kololo, Kampala - 3 Bedrooms - 3 Bathrooms - Living room - Dining - Kitchen - Balcony - Ample parking space - PRICE: 280,000 US Dollars  Agent: Ezra Read the full article

[albinohare]

Beautiful apartments in Kampala, Uganda Credit @spectrumrealestateuganda #kampal…

Beautiful apartments in Kampala, Uganda Credit @spectrumrealestateuganda #kampala #uganda #eastafrica #africa #luxuryduplex #luxurious #luxurylife #luxury #luxuryapartments #apartment

Source Authentic Pre-owned Birkin bag for sale

from WordPress http://www.amansions.com/beautiful-apartments-in-kampala-ugandacredit-spectrumrealestateugandakampal/

[kisambira]

After acquiring a camping tent, my sense of adventure once more came alive just like it did that time I acquired my national id. I have decided to trek to Mpanga forest in Mpigi and camp there for a few days. The plan was so random that when I invited my buddy Allan along, he told me he had laundry to do in the morning and therefore couldn’t make it. The thought at this brings me to laughter, so modest. But I don’t blame him, this was a personal plan therefore am going solo. I don’t see any other open minded person in sight.

PREPARATION

Am packing up, lightly of course and my biggest dilemma is whether to carry underwear or not. Because I know what 7 hours of trekking can do to a ninja. But am also thinking of the extra warmth they will provide once am in the tent in the middle of a cold forest. So I have decided to carry a pair, after throwing out the hair brush. I will bushman this out. But the Vaseline and deodorant stays. Vaseline and me are inseparable. Am all packed up now and ready. Several items keep popping up in my head but if I listen to these thoughts of carrying mosquito repellant, torch, camping chair, 20 litre jibu water bottle, stove, matches, food….I might never leave kampala. So like I said before, am going to bushman it out.

THE ROAD TREK

I have just set up my tent now so I can just dive in and sleep off. The trek was gruesome, tiring, unforgiving and full of wise and stupid thoughts in my head. I almost felt hopeless, had lost hope of making it to the campsite. Luke Cage kept popping up in my head with his corny phrase ‘forward always’. Well Luke Cage is a beloved character but for some reason I find the series bor……here I go again with the tired body thoughts. Back to the trek. It was small town after small town…Nabingo, Nsangi, Maya, Katende, Lugala, Kavule, Kalagala and on. Endless. But finally I made it here. If I had gone any further, I would probably sedate a whole town with body odour only. I have also made it out of a 20,000 shillings camping fee. I am tired but I remain sharp. So apparently this trek is now all about spreading awareness for healthy living and lifestyle, organised through my local Rotaract club of Ntinda…..hehehe far from truth, this is about using my time right now.

Am here but I cannot feel my lower body, yes from there below. But the sounds around will help me relax. The birds, monkeys, drum makers, the highway and some random guy shouting in the forest. I would like to go check on the drum makers but God am so knackered. Am not sure about how huge my trek was but am glad am here. It is a place I can stay for a week. If the camping fees don’t come up. Now I just realised I came here with no plan on how I will get back but definitely am not walking. As for my provisions, I did not carry an inflatable mattress or sleeping bag but only a Masai throw though now I see in the camping site this very soft detachable seat cushions and am getting ideas. I think I got a mattress for tonight. I really need to be immobile for a while but for some reason I won’t settle till I fully survey this place. I need to go to sleep with a good plan for my forest trail excursion tomorrow.

CAMPING

The first night was awesome. It rained and being the only camper here so far I got the best spot. The spot under a palm tree and next to the forest. I was told by the very hospitable guide that this is the spot everyone chooses. Given that this was the first time to set up my own tent, I guess I have the instincts of a natural camper. The body was exhausted but the mind was still awake so it took me time to drift off. The seat cushions made a good bed and my bag made a soft pillow.

I woke up early, took a shower and I have to say the camp water pressure was great and very cold, changed cloths and headed to the drum making village of Mpambire. It is amazing that drum making is one of the oldest traditions and occupations still being practised so I would say we have not completely abandoned our ways. It’s drums and hides everywhere in this village but I managed to also find a spot to have my breakfast and charge my phone. I did all this under extreme muscle pain but hunger is greater than any muscle pain. I hurriedly got back to the camp through the village trails and drifted off into a morning nap. Am not sure when I will venture into the forest. Though the birds and monkeys keep calling. They have to wait as I feel my body is going through change to that of an early man before I do anything. It’s also a painful process. I feel like a ware wolf right now. At least a vegetarian one. The day is down and this is how it has ended, with me being immobile preferring the horizontal position only. Good enough I was joined by other campers earlier, a number of them arrived riding bajaj boxer motorbikes with a follow up van carrying their luggage. They are French speaking if I didn’t forget my languages. It now looks like a real camp. I hope tomorrow I will be able to make it for my highly anticipated forest trek. Meanwhile let me go enjoy a camp fire. So it is me, the fire and a Black Coffee music mix at Salle Wagram for cercle. Epic. Let us see who goes out first.

THE FOREST TREK

I think am lost. Am lost definitely. After an hour of walking on a route that says 45 minutes, am lost. I have never been a map reader, I do not know why I tried to do it this time , only the sound of the highway gives me hope. The red-White tapes along the trail did not help much apart from reassure me that there have been humans here. I had decided to take the butterfly trail which I think I did successfully and later join the family trail because it’s shorter but looking at the time which has been a major guide, am off somewhere. And ooh that was not the highway am hearing, it was a plane flying overhead. Planes fly over this area all day. Time to prepare for an emergency evacuation because I have no idea where I am. A big trail always means something good…right? But I still feel lost. Getting lost is not good given I had to make a u-turn back to this point where am writing this. The red tailed monkeys won’t be of any help. They are actually shy. Then there are these black bluish insects that won’t let go of my legs, I can’t tell them to get a room, this whole jungle is a room. Maybe they are trying to tell me something. Unfortunately I don’t grasp the groping language. After about 20 more minutes of walking, I don’t feel lost anymore. No one has ever been so relieved to see a garden of cassava, maize and matooke. Am finally exiting from the forest through someone’s garden. The village I have come out from is called Ndugu which is far off the camping site but with help of a villager I got directions back. ‘ndugu’ means friend in Swahili so I guest it explains the helpfulness of this stranger. He also informs me that Mpanga is a peaceful forest. Thank God there are no black panthers otherwise I need to have a conversation with it on why it is not claiming rights to copyright or trademark from Chadwick Bosman and others. I have finally made it back to camp after another full hour of walking from Ndugu village then through Mpambire town. I Will get a little rest, pack up and head back to Kampala with the fastest means possible. Maaso awo conductor.

Mpambire drum village

Drums on sale along kla-masala road

Inside the MPANGA forest

MPANGA forest camp

Mpanga forest camp fire place

My tent

Beautiful growth

Camp fire at night at Mpanga camp

A TREK TO MPANGA FOREST CAMP

After acquiring a camping tent, my sense of adventure once more came alive just like it did that time I acquired my national id.

A TREK TO MPANGA FOREST CAMP After acquiring a camping tent, my sense of adventure once more came alive just like it did that time I acquired my national id.

[propertyandhomeexperts-blog]

Get Insider Tips on Best Places for Sale in Uganda

Buying a house is a necessity of all. Each one of us works towards achieving it. When planning to buy a house, you either buy an already finished house or one at a phase of construction or buy a piece of land and then build your own house.

Some people doesn’t wish to go through the hustle of building the whole new house but rather opt for an already finished one. Whereas buying a house at its pre-construction stage is a better option because you get the opportunity to customise the house while it is being built.

It can be difficult to find the best place to live in a new city. This is even more difficult for an expat who is not familiar with the country and culture.

Which is the best place to live in Uganda?

What do different neighbourhoods offer?

Is the property in Kampala safe to buy?

Which area provides larger number for amenities?

These are the common question which every individual gets stuck while buying a property. So here are some basic insider tips while buying a plots for sale in Uganda.

-While buying land, consider the distance of the plot of land from your work place or the city centre, as well as accessibility and level of development.

-Think of the amenities such as water, access roads, and proximity to attractions or conference facilities that draw in both local and foreign visitors.

-The number of access to amenities affects the price tags attached to the land.

-Your realtor can make or break your home buying experience. Most of the buyers found their agent from a personal referral or had previously hire them as agent.

-Check the prices of comparable apartments and houses in the area to get an idea for what your starting offer should be when you’re ready to bid on your future home.

-Home buyers must watch out for the quality of construction material used in the shortlisted project. Choose a developer with credible reputation and goodwill.

-It's easy to look at properties that meet your current needs. But consider your future needs and wants, whether the home you’re considering now will suit them even after expanding your family.

Finding property in Uganda is easy because selling, renting and buying of land, houses and apartments, real estate business has presently become a major area of business in Uganda.

And even Ugandans welcome people of all nationalities with a big smile. The ability to speak English widely offers visitors a huge advantage.

Thinking about the everyday chores, there are big shopping centres and supermarkets widely spread in many cities with various clothing and house ware stores.

Now-a- days, Naalya has grew popular for the real estate boom in Uganda. There are several ready to buy cool houses available with good count of amenities like school, colleges, hospitals, supermarkets & churches.

Churches are a big focal point of many expats. Because they are connected with missions or church charities. So, this often forms the basis of all their social interactions.

So, if you are looking for one such city and area that can offer you all the above and more, then a proper research is needed. Follow the above tips and take the capable decisions related to investments at property in Uganda.

All the best!

[coin-river-blog]

The Daily

With banks in Europe, America and Asia doing “everything to crush cryptocurrencies,” Binance CEO CZ says Africa can become a leader in their implementation. The major crypto exchange is thinking about opening an office in Uganda and we have covered the story in today’s Bitcoin in Brief. Also, online trade with cryptos spikes in Bahrain, while in Georgia, luxury real estate is being sold for bitcoin. All this has been happening in an otherwise bearish May.   

Binance to Open Office in Uganda

Binance is considering the possibility of opening a new office in Uganda, company CEO Changpeng Zhao revealed at The Africa Blockchain Conference 2018, which took place at the end of May in Kampala, the country’s capital. The move is part of the trading platform’s plans to support the economic transformation of the African nation and increase youth employment through blockchain technology implementation. The leading cryptocurrency exchange has offices in Japan, Hong Kong, Malta, and intends to establish a global compliance center in Bermuda.

With the help of companies like Binance, “Uganda will be able to join the 4th Industrial Revolution, subsequently a lot of new jobs will open and the flow of investment into the country will increase,” Zhao said. “Watching this conference I was very impressed by the enthusiasm of Africans to introduce cryptocurrency and blockchain technology. It was surprising to see that cryptocurrencies enjoy not only an increased interest from the people, but also the active support of many representatives of African banks and government officials,” he stated.

In April, Binance’ CEO announced a partnership with Crypto Savannah, an African blockchain innovation hub, Msingi, an organization working to build the East African industries of the future, and the “Made in Africa” Initiative. In a post on Twitter, Changpeng Zhao promised “thousands of jobs and bringing investments to Uganda.” “Expect more news on Africa!” he added in the comments.

In a statement during the conference in Kampala, Zhao noted that most banks in Europe, the US, and China criticize cryptocurrencies and do everything possible to crush them, and added: “It seems to me that Africa has real chances of becoming one of the leading regions in the implementation of cryptocurrencies and blockchain technologies.”

Bearish May Brings Down Trading Volumes

More than $606 billion in cryptocurrencies have been traded last month through over 1,600 different cryptocurrencies, according to Coinmarketcap. The total is less than half the $1.4 trillion in more than 1,500 cryptocurrencies traded during the previous monthly period, 24/7 Wall St reports. The data shows a bearish May following a rather bullish April. With a 30-day volume of $184.31 billion, bitcoin (BTC) is the most traded cryptocurrency.

The last several months have seen another negative trend – in futures trading. Since March, the contracts have dropped by a third. Nymex bitcoin futures have lost more than 51% since trading began in January. Bitcoin June futures on Cboe traded down about 1.9% at noon on Wednesday. The expiration of CME bitcoin futures on May 25 also influenced cryptocurrency prices.

Crypto Trade Booming in Bahrain

In some parts of the world, however, things do not look so bleak. Since the beginning of this year, more jurisdictions have begun to legally recognize cryptocurrencies, one way or another. These include the US, Canada, many members of the European Union, and several African and Asian nations.

Bahrain, a country credited for building the first post-oil economy in the Persian Gulf, has recently enjoyed a spike in online trade using cryptocurrency, according to local media. In the absence of official regulations, bitcoin transactions have been booming on Bahraini websites and social media. A shop selling crypto-priced items is set to open soon in the Riffa area, Albawaba Business reported.

The island nation has also indicated it may soon emerge as a global cryptocurrency exchange hub. In March, the government in Manama set up a “regulatory sandbox” for that purpose. “As long as the business qualifies as fintech, we will welcome it,” said Khalid Saad, CEO of Bahrain Fintech Bay, quoted by Business Line. At least four crypto trading platforms are already registered there.

The sector, however, is still awaiting a final decision on the legal tender status of cryptocurrencies like bitcoin. It is supposed to come from the Central Bank of Bahrain, which is the country’s financial regulator.

Real Estate Sold for Bitcoin in Georgia

A luxurious apartment has been put on sale for 25 bitcoins (~$190,000) in Georgia. According to local realtors, the owner has explicitly asked the price to be announced in cryptocurrency, Geomigrant reports. The current legislation does not mention crypto payments. Despite the lack of a regulatory framework, cryptocurrencies are gaining popularity as a means of exchange and trade among Georgians.

The Caucasian country is known as a major crypto mining hub in Eurasia thanks to some tax incentives and low electricity rates. According to a recently published study by the World Bank, around 5% of Georgian households participate in cryptocurrency trading and investing. Blockchain technologies have also spread in Georgia.

What are your thoughts on the topics in today’s Bitcoin in Brief? Let us know in the comments section below. 

Images courtesy of Shutterstock.

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

[mubahood360]

How Housing finance sold widow’s property ‘illegally’ to Foreign-owned Balaji Group Ltd on the cheap In August, the family of the late Samwiri Mishambi Kwesiga represented by his wife Ida Kwesiga ran to court protesting the sale of their property, Mayflower apartments at a ‘give away’ price far below the valued rate.According to documents seen by UGNEWS24, the property that sits on an acre in Nakasero was valued at Shs30b but was sold at Shs8b on freehold (Freehold Register volume 212 Folio, 22, Plot 35 Kyadondo Road in Kampala) to Balaji Group Ltd, a wholly foreign-owned company.It should be noted that according to Ugandan laws, the land belongs to the citizens of Uganda and non-citizens can only acquire such land by lease (Article 237).However, Housing finance working with lawyers Fred Makada on Behalf of Balaji Group Ltd and Jones Musiime on behalf of the bank illegally transferred Kwesiga’s land titles to the foreign-owned company in total disregard of three interim court orders and a directive from President Museveni.According to registration details obtained on Balaji Group Ltd, the company is directed by four people all of Indian nationality.