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Tag Archives: ROKO

Opposition MPs question postponement of parliamentary sessions

Kampala, Uganda | THE INDEPENDENT | Opposition legislators have criticized the leadership of parliament for postponing plenary sittings pending a debate on a proposed motion challenging a vote on the government’s decision to purchase shares in Roko Construction Limited. Parliament voted on the purchase of preference shares worth Shillings 202 billion …

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Opposition petitions Speaker over vote on Roko deal

Kampala, Uganda | THE INDEPENDENT | The Opposition in Parliament has petitioned Speaker Anita Among challenging a vote on the proposed government purchase of preference shares in Roko Construction Limited. The petition written by Leader of Opposition, Mathias Mpuuga and endorsed by 32 MPs followed a Friday Opposition Caucus meeting …

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Support ROKO to save ongoing projects: Solicitor General

Kampala, Uganda | THE INDEPENDENT | Government has asked Members of Parliament to support the proposal to buy shares in ROKO Construction Limited to save ongoing construction works. The Minister of State for Finance (General Duties), Henry Musasizi recently tabled a proposal for the government to purchase 150,000 preference shares in Roko …

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MPs wants audit on Lubowa hospital project

Kampala, Uganda | THE INDEPENDENT | The chairperson of the National Economy committee of Parliament Syda Bbumba has called for an audit of the Lubowa-Based International Specialized Hospital of Uganda. Bbumba made the call while meeting State Minister for Finance David Bahati on the state of the USD 379 million-facility being …

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Chinese firm to construct Lubowa hospital at USD 55m

Kampala, Uganda | THE INDEPENDENT |  Finasi International FZC, a company in the construction of the Lubowa hospital reportedly contracted China Power over ROKO Construction due to difference in project pricing. Finasi, the main shareholder in the Special Purpose Vehicle (SPV) Finasi/ROKO with up to 95% approached ROKO seeking a partnership …

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Government sides with finasi in Lubowa hospital saga

Kampala, Uganda | THE INDEPENDENT |  The government has said it is not worried about the scuffles between the Special Purpose Vehicle Finasi/ROKO as long as the construction of the International Specialized Hospital of Uganda is ongoing. Parliament early this year approved a loan guarantee of 1.4 trillion shillings to Finasi/ROKO, …

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