Africa Works

Sunday afternoon on the shores of one of East Africa’s great lake. I am with a European couple who had the foresight to purchase a large plot on a choice spot on the lakefront.  From a comfortable seat beneath a large tree, we watch fishermen pull in their nets, their catch meager. The lake is low — though not so low as a few months ago. There is a building boom going on around the Entebbe side of the lake, with foreigners and Ugandans living abroad fueling the purchases. Good land can still be had for $20,000 an acre and a solid property with house abutting the lake can fetch $200,000+. Indeed, Ugandan real estate has reached heights barely dreamed of a decade ago.