Politics

MPs Shocked by Cracks in BoU’s Kabale Currency Centre Building

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE on Friday were astounded finding open cracks in the building housing Bank of Uganda’s Currency Centre in Kabale Municipality.

The currency centre, one of four regional centers of the central bank was constructed in 2010 at a cost of Shs 9.2 billion.

The committee members on a field visit of the structure found that the building’s retainer wall had collapsed on two occasions during construction.

The MPs led by committee vice chairperson Florence Namayanja also found that the building, located on the Kabale Kisoro Road had open cracks and that part of the roof was leaking.

The structure was contacted to a company named Pearl Engineering.

Namayanja said they came to the site following queries that were raised in the Auditor General’s recent report about the currency center.

She said the committee would include their findings on the structure in their report to parliament.

The Kabale Currency Center provides a basement currency storage facility, currency processing, banking operation offices, a cafeteria and other such similar services.

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Bank of Uganda currently has four currency centres and five regional branches.

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