Comedian Slams Government’s Bailout of Roko Construction

Fox Onyango
By
Fox Onyango
Business news publisher at The Daily Handle. Business, markets, investments and real estate editor covering the East African Community.
1 Min Read
President of Ugandan Comedians Association, Hannington Bugingo (Right)

President of Ugandan Comedians Association Criticizes Taxpayer Bailout for Roko Construction

- Advertisement -
Ad imageAd image

Bugingo Hannington, known for his sharp wit and humor as the President of the Ugandan Comedians Association, has raised eyebrows with his recent critique of the government’s financial support for Roko Construction. Bugingo has questioned why a company with contracts worth trillions would need taxpayer money to stay afloat.

Bugingo announced on the social media platform X:  “I think when you steal a lot of public money, you start using your bums to think!”

His comment has highlighted the widespread skepticism among Ugandans about the allocation of public funds, especially towards “well-established” companies like Roko Construction.

“If Roko has contracts worth trillions of money,” Bugingo remarked, “why the hell is the Government using our taxes to ‘bail’ them out?” 

- Advertisement -
Ad imageAd image

“This money will be ‘vomitted’ someday!”he added

Ramathan Ggoobi, the permanent secretary of the Ministry of Finance and Secretary to the Treasury, announced a few days ago that the Ugandan Government invested in ROKO Construction Ltd in 2022 to enable the completion of projects valued at Sh1.4 trillion and preserve the country’s largest construction company along with numerous jobs.

- Advertisement -
Visit UHRC Sponsored
Share This Article
Business news publisher at The Daily Handle. Business, markets, investments and real estate editor covering the East African Community.
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *