Billionaire Bosco Muwonge Acquires Mukwano Arcade in Record UGX 250 Billion Cash Deal

In a significant development in Uganda's real estate sector, billionaire businessman Bosco Muwonge has secured the acquisition of Mukwano Arcade for a staggering UGX 250 billion, paid entirely in cash. This landmark deal underscores Muwonge's growing influence in the property market and highlights the arcade's value as a prime commercial asset.

Mukwano Arcade, located in the heart of Kampala, is one of the city's most prominent shopping and business hubs. The acquisition is seen as a strategic move by Muwonge to expand his portfolio in Uganda's bustling real estate industry. The deal, which was finalized recently, is among the largest cash transactions ever recorded in the country's property market.

Bosco Muwonge, known for his low-profile yet impactful business ventures, has steadily built a reputation as one of Uganda's most successful entrepreneurs. His latest purchase further cements his status as a key player in the region's economic landscape. While details of his plans for the arcade remain undisclosed, industry experts anticipate potential upgrades and expansions to enhance its commercial appeal.

This acquisition comes at a time when Uganda's real estate sector is experiencing increased activity, with investors eyeing prime properties for development. Muwonge's move is expected to set a precedent for future high-value transactions in the country.

As the news of the deal spreads, stakeholders and analysts are keenly observing the potential impact on Kampala's commercial real estate market. With Muwonge at the helm, Mukwano Arcade is poised to remain a cornerstone of the city's business ecosystem.