KCC To Take Over Basajja Markets
Mar 09, 2004
KAMPALA City Council (KCC) revenue unit plans to take over Nakasero and St. Balikuddembe markets following city tycoon Hassan Basajjabala’s failure to pay rental fees for the markets.
By Catherine Ntabadde
KAMPALA City Council (KCC) revenue unit plans to take over Nakasero and St. Balikuddembe markets following city tycoon Hassan Basajjabala’s failure to pay rental fees for the markets.
Kampala district committee on finance and economic affairs has advised KCC to enforce its agreements with contractors who had failed to fulfil their financial obligations.
On November 29, 2002 KCC awarded Sheila Investments and Victoria International Trading Co. Ltd three-year tenders to manage Nakasero and St. Balikuddembe markets respectively.
The companies, owned by Basajjabalaba, were supposed to pay for one year in advance at the rate of sh40m per month for each market.
The contracts empowers KCC to take over the markets or cancel the contracts in case the agreements are breached.
Sources at City Hall yesterday said the town clerk, James Sseggane, met Basajjabalaba about the arrears and told him to pay by January 30.
A source said by yesterday, Sheila Investments had paid up to March while Victoria had paid up to June.
KCC senior public relations officer Simon Muhumuza said unless the firms remitted the money, KCC “shall implement the provisions in the contractâ€.
Bruham Bamwine, the director of Sheila Investments, said they invested billions of money into the market by building over 40 lock-ups.
“We have the capacity to pay but we want KCC to look into how we can recover our money,†he said.
But Muhumuza said the new constructions were not part of the contract.
Ends
KAMPALA City Council (KCC) revenue unit plans to take over Nakasero and St. Balikuddembe markets following city tycoon Hassan Basajjabala’s failure to pay rental fees for the markets.
Kampala district committee on finance and economic affairs has advised KCC to enforce its agreements with contractors who had failed to fulfil their financial obligations.
On November 29, 2002 KCC awarded Sheila Investments and Victoria International Trading Co. Ltd three-year tenders to manage Nakasero and St. Balikuddembe markets respectively.
The companies, owned by Basajjabalaba, were supposed to pay for one year in advance at the rate of sh40m per month for each market.
The contracts empowers KCC to take over the markets or cancel the contracts in case the agreements are breached.
Sources at City Hall yesterday said the town clerk, James Sseggane, met Basajjabalaba about the arrears and told him to pay by January 30.
A source said by yesterday, Sheila Investments had paid up to March while Victoria had paid up to June.
KCC senior public relations officer Simon Muhumuza said unless the firms remitted the money, KCC “shall implement the provisions in the contractâ€.
Bruham Bamwine, the director of Sheila Investments, said they invested billions of money into the market by building over 40 lock-ups.
“We have the capacity to pay but we want KCC to look into how we can recover our money,†he said.
But Muhumuza said the new constructions were not part of the contract.
Ends