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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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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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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Kampala, Uganda | THE INDEPENDENT | Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could only claim …
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The power, influence, exorbitant dubious deals and the inevitably coming fall of Enrica Pinetti THE LAST WORD | ANDREW M. MWENDA | There is a fundamental problem with Enrica Pinetti, the “foreign investor” behind the controversial Vinci Coffee Company. She is also the promoter of Lubowa Hospital. She has been given …
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Investing in a well-equipped hospital in Uganda would be cheaper than sending people to foreign countries Kampala, Uganda | MUBATSI HABATI ASINJA | The growing list of prominent Ugandans dying outside the country on account of seeking better medical care is raising concerns about the quality of health care services …
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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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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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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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