MPs Express Concern Over Deteriorating State of Uganda's Shs96 Billion Mombasa Properties

Members of Parliament on the Public Accounts Committee (PAC) have voiced strong disapproval over the dilapidated condition of Ugandan government properties located in Mombasa, Kenya. These assets, reportedly worth Shs96 billion, are said to be in a state of significant disrepair, raising questions about their management and the potential loss of value.

The committee’s concerns stem from recent findings that indicate a severe lack of maintenance and oversight concerning these vital international holdings. The properties, acquired by the Ugandan government, are intended to serve strategic purposes, including facilitating trade and representing national interests in the key Kenyan port city.

During a recent session, MPs expressed frustration with the apparent neglect, emphasizing that such valuable assets require diligent stewardship. The poor state of the buildings raises fears of substantial financial losses and diminished returns on investment for the Ugandan taxpayer. The committee is reportedly seeking detailed explanations from relevant government agencies on why these properties have been allowed to deteriorate.

Further scrutiny is expected to focus on the revenue generated from these assets and how effectively the funds are being utilized. The investigation aims to understand the current management structures in place and to hold responsible parties accountable for the current situation. The committee’s findings are anticipated to lead to recommendations for improved management and revitalization of these important Ugandan international assets.

Source: https://www.monitor.co.ug/uganda/news/national/mps-decry-decay-ridden-state-of-uganda-s-shs96b-mombasa-assets-5546552