Owino Market May be Auctioned Over sh6b St Balikudembe Market - TopicsExpress

Owino Market May be Auctioned Over sh6b St Balikudembe Market formerly Owino may be auctioned if traders fail to raise the 6 billion shilling they owe DFCU bank. The traders under the umbrella, St. Balikuddembe Market Stalls, Space and Lockup Shop Owners Association Ltd [SSLOA] secured a loan of sh3.8b from the bank in 2011. The money has so far accumulated to shs6b in arrears. Godfrey Kayongo ,the SSLOA chairperson says ,in the beginning they were servicing the loan but after some time , KCCA stopped them from collecting market dues from members. Most of the traders blame KCCA for interfering with their operations . They have appealed to President Museveni to came and save them from loosing the land . The land comprised of plots 388, 1431 and 1339 sits on over 3 acres in Kisenyi. The traders have only 30 days to clear the debt.If they fail ,Odens and Wanders Bailiffs and Auctioneers will auction the land.

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