About Us

The story of Vestafi

The Story of Vestafi

Vestafi began in 2022 with a quiet but unsettling realization: apartments generate rent every single month, yet meaningful ownership remains unreachable for many capable, disciplined people, especially those whose capital is fragmented across borders, commitments, or institutions that move too slowly.

In Uganda, over 71% of urban households rent, not temporarily, but structurally. At the same time, the country faces a housing deficit of approximately 2.4 million units, a gap that continues to widen as urbanisation accelerates faster than formal supply. To merely stabilise this deficit, Uganda would need to deliver close to 300,000 new housing units every year, a scale that individual ownership and traditional financing models cannot realistically absorb on their own.

71%

Urban households renting

2.4M

Housing deficit units

300K

Units needed annually

For working people in East Africa & the diaspora, high-net-worth individuals, and long-term partners, this reality creates a paradox: capital exists, demand exists, but the pathways to participate responsibly, remotely, and without friction remain limited.

An Operational Question

Rather than treating this as a policy debate or a fundraising story, Hakiza Ronald approached it as an operational question: what works in practice, when distance, scale, and accountability all matter? Hakiza Ronald began by acquiring and managing apartments himself, learning firsthand the realities of rent, occupancy, maintenance cycles, cash flow discipline, and reporting long before inviting anyone else into the structure.

What later became Vestafi grew quietly from that discipline, first among a small trusted circle, anchored in real apartments, real tenants, real expenses, and rental income that was tracked, documented, and handled responsibly. There were no projections without receipts, and no expansion without operational proof.

As the structure proved itself, participation expanded deliberately into a private, invitation-based circle built on alignment, patience, and shared expectations. Collective participation was not positioned as a shortcut, but as a practical response to a housing market where scale, governance, and execution matter more than individual effort alone.

Vestafi Today

Today, Vestafi remains intentionally measured. Apartments are held within a clear internal structure, participation is recorded individually, and involvement is governed by agreement rather than persuasion.

This allows diaspora participants, HNW individuals, and aligned institutions to engage with income-producing apartments through a disciplined and documented framework without speculative pressure.

Our Participants

  • East African diaspora
  • High-net-worth individuals
  • Long-term aligned partners

Our Principles

  • Operational proof before expansion
  • Documented and tracked income
  • Governed by agreement

Vestafi is not built for everyone. It is designed for those who understand that proximity to well-run structures matters, especially before they become crowded or institutionalised.

Each apartment limits participation by design, and once an apartment is fully held, it is closed.

About the founder

Hakiza Ronald

Hakiza Ronald

Founder & Operator

Hakiza Ronald is an entrepreneur and operator with a record of building, scaling, and exiting practical ventures in East Africa. Before Vestafi, he founded Ugabus.com in 2015, Uganda's first reliable bus e-ticketing platform, which scaled across Sub-Saharan Africa and was successfully exited in 2022.

He is an alumnus of YALI and the U.S. IVLP, with a philosophy rooted in discipline, documentation, and long-term sustainability.

Why apply now

Because Vestafi is still practical enough to be intentional, early enough to matter, and disciplined enough to remain private.

Vestafi operates as a private, invitation-based collective. Participation is voluntary, non-public, and tied to specific apartments held internally, with outcomes dependent on actual operations rather than guarantees.

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