(Kampala) – The Leader of the Opposition, Hon. Joel Ssenyonyi, has demanded full accountability from the government regarding the UGX 266 billion investment in Roko Construction Company, citing concerns over unfulfilled project commitments and transparency issues.
In July 2022, the Ugandan government acquired preferential shares in Roko Construction Company to support the company and ensure the continuation of critical national infrastructure projects, such as the expansion of Parliamentary Chambers and the Uganda Cancer Institute. However, Ssenyonyi raised concerns that despite this financial intervention, there has been little progress on the completion of these projects.
“Government’s investment was intended to prevent delays in these essential infrastructure projects. Unfortunately, some of these projects have not been completed, despite the rationale provided when the investment was approved,” said Ssenyonyi.
On Tuesday, 22 October 2024, Ssenyonyi presented his concerns in a report to Parliament. He argued that given the size of the government’s financial commitment, Parliament should receive an update on Roko’s current financial status. He emphasized that since the government approached Parliament to secure the bailout, it is now crucial to present accountability for the funds.
In addition to financial transparency, Ssenyonyi also called on the Attorney General, Hon. Kiryowa Kiwanuka, to present the full shares agreement between the government and Roko. “The details of the government’s stake in Roko are unclear. We need clarification on whether any amendments were made to reflect government investments, and how much equity the government now holds,” he remarked.
Another issue raised by the Leader of the Opposition was the governance of Roko Construction. He highlighted ongoing complaints from employees regarding non-payment of salaries, an issue he said the government should address. “The government justified this investment by claiming it would save jobs. Are they aware of the concerns raised by employees?” Ssenyonyi questioned.
Ssenyonyi’s report was also motivated by a failed oversight visit to Roko’s premises on 14 October 2024, during which he and a group of Opposition lawmakers were denied access. He expressed frustration that the board had refused to meet with Members of Parliament, casting doubts on the company’s transparency. “If Roko has nothing to hide, they should be more open,” Ssenyonyi urged.
In response to the report, Speaker Anita Among supported Ssenyonyi’s call for accountability and directed the Ministry of Finance and the Attorney General to respond to the issues raised. “We need to know how this public money is being used, and what progress has been made on the projects. The government must provide this House with a clear report,” she said.
The Minister of State for Finance, Planning, and Economic Development (General Duties), Hon. Henry Musasizi, pledged to respond to Parliament’s concerns, assuring members that a report on the matter would be delivered. “I commit that we will present a report addressing the issues raised by the Leader of the Opposition,” Musasizi said.
