Church House Company thanks Watoto Church, Equity bank for support

Finance minister Matia Kasaija (2nd right) receives Prime Minister Ruhakana Rugunda ahead of the commissioning of Janan Luwum Church House. Looking on is Rev. Stanley Ntagali, the Archbishop...

Finance minister Matia Kasaija (2nd right) receives Prime Minister Ruhakana Rugunda ahead of the commissioning of Janan Luwum Church House. Looking on is Rev. Stanley Ntagali, the Archbishop of the Church of Uganda. Photo Credit: Eddie Ssejjoba

By Agencies

The Most Rev. Stanley Ntagali, Archbishop of the Church of Uganda, welcomed the Prime Minister, the Rt. Hon. Ruhakana Rugunda, who was representing His Excellency, the President of Uganda, Yoweri Kaguta Museveni, as the Guest of Honour at the commissioning of the Janani Luwum Church House during a special function on Friday.

The Archbishop thanked among others Watoto Church, Equity Bank for financially supporting the building constriction activities.

He commended the government of Uganda for the peace in the country that “has enabled us to reach this milestone,” calling Church House a “peace dividend.”

Quoting Museveni’s speech, the Prime Minister stated, “I heartily congratulate the Church of Uganda on this accomplishment of a dream come true. This is a significant contribution to our economy, manifested in this imposing building in Kampala’s skyline. I officially commission Janani Luwum Church House.”

Mr. James Mwangi, the Group CEO of Equity Bank, came especially from Kenya for the function. He said, “This has been a project of faith. If you never had the dream, you wouldn’t be here. Thank you for trusting us [Equity Bank] with the dream, and I want to encourage all the Bishops here that this dream can be replicated in all the dioceses.”

Many other significant dignitaries attended the function, including the Rt. Hon. Matia Kasaija, the Minister of Finance, Hon. Ben Luwum and his wife, the son of the martyred Archbishop Janani Luwum for whom Church House is named.

Church House is a 16-floor commercial office building located on Plot 34 on Kampala Road, directly opposite the Bank of Uganda. Equity Bank has already moved their head office operations to the first five floors and are the anchor tenant in the building.

Archbishop Ntagali pointed out that Watoto Church donated sh100m, and Mr James Mwangi, the chief executive officer of Equity Bank, gave the Church of Uganda a personal gift of sh1b for Church House construction activities.

Space is still available for lease and is being managed through Bageine & Company Limited, the Letting Agent.

During the 23rd Provincial Assembly, held on 25th August 2016, the Church of Uganda resolved to name the building “Janani Luwum Church House,” in honour of Archbishop Janani Luwum who whole-heartedly embraced the project during his three-year tenure as Archbishop in the early 1970’s.

The concept for Church House as a commercial real estate enterprise began in 1965 and was originally to be built on Shimoni Road. When the Bank of Uganda proposed to take over the Shimoni Road site, that property was exchanged for Plot 34 on Kampala Road in 1972. The Church House Company was registered in 1971 as a Private Limited Company.

Fundraising for Church House went to the grassroots of the church, including every primary and secondary school student making contributions. The significant devaluation of the Ugandan shilling during the 1970’s and 1980’s was a major setback, however, to moving forward with construction.

The needed breakthrough came in 2010 when the Trustees of the Church of Uganda entered into a loan agreement with Equity Bank to fund the almost $17 million construction cost. The Church of Uganda agreed to raise 30% of the construction cost, and Equity Bank financed the balance through a $10 million loan and a 5 billion shilling loan. The loan had a two-year grace period during which time the Church of Uganda paid only the interest on the loan.

Construction began in December 2010 with an estimated timeline for completion by December 2012. There were construction delays, as well as an 18-month conflict among service providers that stalled construction progress. The conflict was resolved in July 2014. After the Church of Uganda Provincial Secretariat conducted a prayer walk through the building, construction resumed, albeit with further delays for unforeseen reasons.

Archbishop Ntagali thanked His Excellency the President, Equity Bank, Cementers for their work as the Contractor, all of his predecessor Archbishops who carried the Church House baton, especially Archbishop Henry Luke Orombi, who traveled to Nairobi and signed the MOU with Equity Bank.

He thanked all the various Board members of the Church House Company and their CEOs over the years, all Bishops, Dioceses, and Christians who contributed, with special appreciation given to Canon Joram Kahenano, the CEO of the Church Commissioners Holding Company Limited, who oversaw the final phase of construction.

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