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For executing shoddy construction works on the Bank of Uganda (BoU) Currency Centre in Kabale, Kigezi sub-region, Pearl Construction Company is likely to be blacklisted from taking on any other construction work for government if recommendations of Parliament are implemented. This comes after Parliament approved a report of the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) on the audited accounts of Bank of Uganda in the Financial Year 2014/2015. COSASE led by Kawempe South MP Mubarak Munyagwa found that the Central bank made a loss of UGX12 billion to procure Roko Construction Company to renovate the work on…
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The construction industry was thrown into shock on Monday 14th December 2020 when Roofings Limited and Roofings Rolling Mills Limited filed a public notice of an insolvency petition against Roko Construction Limited, a leading player in construction and engineering in Uganda. The petition was filed in the High Court of Uganda commercial division under company cause 6 of 2020 on 11th December 2020 for winding up and liquidation of Roko Construction limited; the petitioners are represented by Simon Tendo Kabenge Advocates. Information got by this CEO East Africa Magazine is that Roko Construction Limited owes the petitioner about US$ 2…
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In the news this week, Broll Uganda one of the latest entrants into the property market, takes over management of UNHCC’s Crested Towers building and Raxio Data Centre says construction of their hitech facility in Namanve is 70% complete and oncourse for launch, come January 2020. Also in the news, Jubilee Insurance launches a women’s knowledge sharing platform.
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