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Gulu University gives Chinese constructors sh500M compensation

Summary by The Independent Uganda:

Gulu, Uganda | THE INDEPENDENT | A report by the Auditor General has revealed how Gulu University forked out Shillings 527.5 million to pay accumulated interest to Chinese firm Chongqing International Construction Corporation (CICO) over delayed contract payments. The University management entered a contract with Chongqing International Construction Corporation (CICO) on June 19, 2019, at a contract sum of 30.12 billion Shillings for the constru…

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The Independent Uganda:

Gulu University gives Chinese constructors sh500M compensation

Gulu, Uganda | THE INDEPENDENT | A report by the Auditor General has revealed how Gulu University forked out Shillings 527.5 million to pay accumulated interest to Chinese firm Chongqing International Construction Corporation (CICO) over delayed contract payments. The University management entered a contract with Chongqing International Construction Corporation (CICO) on June 19, 2019, at a contract sum of 30.12 billion Shillings for the constru…

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The Independent Uganda: broke the news in 26 days ago on Tuesday, January 28, 2025.

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