GOVERNMENT PLANS TO ACQUIRE SHARES IN ROKO AT UGX202.13 BILLIONS

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The Parliamentary Committee on Finance has started investigations into government proposals to buy shares in Roko Construction company worth UGX200 billions.

The committee interfaced with Roko construction limited officials led by the Managing director Mark Koehler who insisted that once okayed the investment will be premised on a win-win deal, given the fact that the government of Uganda will be entitled to dividend 4.3% per value of preference shares. However, members of the committee are wondering why the company opted for selling preference shares to government instead of going for other options like UDB or stock market to strengthen its liquidity levels.

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