Nakivubo Stadium management has for the time being suspended the UGX25M-monthly fees paid by traders operating at park yard market. The management’s decision follows last week’s fire which left the traders’ goods worth millions of shillings destroyed.
Ms Minsa Kabanda, the treasurer Nakivubo Stadium Board of Trustees dismissed as baseless reports that the stadium’s management had a hand in torching the market since it sits in front of a perimeter complex that is being constructed by the Nakivubo Stadium management.
Fire on Wednesday morning last week gutted the Park–Yard Market which is an extension of St Balikuddembe Market also know as Owino.
The fire destroyed property worth millions of shillings, but its cause is yet to be established. The fire broke out at about 3am and took police more than five hours to put it out.
Nakivubo Stadium owns the land, which houses the market and has been collecting at least Shs25 million in monthly dues.
Each trader owning a stall at the market pays Shs23,000 on a monthly basis to the Nakivubo Stadium management.