President Museveni Declares Nakasero Market Lease to Bassajabalaba Null and Void

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President Museveni has this afternoon declared as null and void, the lease of Nakasero Market to City Businessman Basajabalaba
During a meeting held between the president and more than 70 vendors at statehouse Nakasero, president Museveni said that the KCC contract with Basajabalaba must be revoked immediately and the Market returned to the vendors for redevelopment.
Kagimu Kiwanuka, the Investments state minister says that the president has also ordered Basajabalaba to stay out of Nakasero market related deals.
The president said that KCC must help the vendors redevelop their market. He said that government is ready to provide financial support to the vendors to help them redevelop the market.
Kampala City Council mayor, Nasser Ntege Ssebagala, and the Local government's minister, Kahinda Otaffire, did not attend the meeting despite an invitation extended to them.
In April, KCC's Committee on Works, Water and Roads Policy resolved to lease Nakasero Market Sheila Investments, revoking an earlier resolution to grant the developer 70% of the market and 30% to the tenants.
The lease agreement signed between Basajabalaba's company, Sheila Investments and Kampala City Council, would see the construction of a large shopping center at the market. It was estimated that 90 percent of the 30,000 vendors at the market would be displaced by the development.
Information about the president's latest directive has sparked off jubilations at Nakasero market. For several hours, business at the market was brought to a halt as vendors abandoned their stalls to celebrate their victory.