Kampala Capital City Authority wants government to provide 10 billion shillings for the total acquisition of USAFI Market in the financial year 2017/2018.
According to budget projections presented to Parliament by the Minister of Kampala City Authority Olive Kamya, only 5 billion out of a balance of 15 billion shillings has been allocated by government, which poses a threat to breach of contract.
The total purchase of USAFI Market at 39 Billion shillings last year attracted protracted debate from sections of politicians, Civil Society and the public, with many describing the move as a waste of financial resources.
According to Kamya’s submission, KCCA has so far paid Shs 24 billion and would like government to support the Authority to fully acquire the market, so as to serve its obligation.
Meanwhile the Authority has also highlighted a funding gap of 206 billion shillings out of its projected budget of 337 billion.
By MARTIN LUTHER OKETCH Uganda remains a low-income country, the World Bank said in a new report released on Thursday, a fortnight after President Museveni and Finance...