Lord mayor to meet Owino market leaders over 4billion debt.

The lord mayor of Kampala Erias Lukwago is this week set to schedule an emergency meeting with the leadership of Owino market revise means of saving their land over 4billion debt.

Last week, the high court ran an advert in Daily Newspaper ordering for the attachment and sale of property of Owino Market vendors, St. Balikuddembe Market Stall for recovery of more than Shs4 billion in a bank loan which Owino has failed to remit.

Speaking to kfm, Lukwago said the government is to blame because it was its responsibility to construct the market for vendors something which pushed them to borrow this loan.

He says that as KCCA leaders, their hands are tied since their budget was cut by the government from 563 billion to 314 billion  therefore they cannot do much but he is optimistic that in the meeting, they will be able to come up with a lasting solution to save the land for vendors.

Lukwago on meeting owino eng/lug.

The debt arose from a loan, which Owino Market vendors acquired from Dfcu bank in 2011 for the lease of land, on which the market sits, from Kampala Capital City Authority.