Facts

According to a report published by IFAD (IFAD) in 2021, Uganda is a net receiver of remittances. The report highlights that in 2020, The Bank of Uganda (BoU) reported that remittance inflows to Uganda amounted to US$1.2 billion

Furthermore, according to the Bank of Uganda, in 2018, the largest share of cash transfers by the Ugandan Diaspora Community on non-consumption items was spent on business related activities (US$108.6 million), building works (US$106.3 million), and land purchase (US$30.9million). Furthermore, the report states that the proportion spent on business expenses in 2018 (11.3 percent, equivalent to US$108.6 million) was higher when compared to 2017 findings.

These stats indicate that there is a clear interest in real estate investment among the diaspora community with a significant portion of cash transfers being spent on building works and land purchase. Additionally, the increase in the proportion spent on business expenses in 2018 highlights a growing trend towards investing in businesses and economic development

Therefore, Peregrine has aligned her Vision to provide bankable investment opportunities that align with the interests of the diaspora community to further contribute to economic growth and community building in Uganda.