Posted inInvestments

How the Masaka-Mutukula road contractor CICO gamed a pre-financing deal to build with government money

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 […]

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