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Masaka-Mutukula road: How Chinese firm CICO planned to steal Uganda in a fake pre-financing deal
Fred Byamukama has had enough — 90 days to lay bitumen on the Masaka-Mutukula road or the contract is gone. MASAKA — The Chinese firm reconstructing the Masaka-Kyotera-Mutukula road entered a pre-financing deal it never had the money to honour and has since dragged its feet on purpose, betting that the two-year financing window will lapse and force government to start paying for a road it was contracted to build with its own money, Works and Tra…
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Masaka-Mutukula road: How Chinese firm CICO planned to steal Uganda in a fake pre-financing deal
Fred Byamukama has had enough — 90 days to lay bitumen on the Masaka-Mutukula road or the contract is gone. MASAKA — The Chinese firm reconstructing the Masaka-Kyotera-Mutukula road entered a pre-financing deal it never had the money to honour and has since dragged its feet on purpose, betting that the two-year financing window will lapse and force government to start paying for a road it was contracted to build with its own money, Works and Tra…
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