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Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies

“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a right to implement the terms of the agreement in Uganda, including instituting proceedings

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High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

Simbamanyo house which was acquired by tycoon Sudhir Ruparelia.The Commercial Division of the High Court has dismissed a high-profile legal challenge filed by Simbamanyo Estates Limited, ruling that the $10 million post-import loan facility extended to Eq

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Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

Having Failed to Clear His Shs150Bn Debt, Kampala Emin Pasha Hotel Owner Kenny Losuk Lokule Lands M7 Rescue

In 2014, Kampala property mogul/businessman Kennedy Losuk Lokule embarked on construction of the luxurious Emin Pasha Lake View Residence on the rocky terrain of Kampala’s upscale neighbourhood of Muyenga.Reporting by Weekend Vision shows that the 120-r

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Minister Kyofatogabye Urges Public Sensitisation in Fight Against Counterfeit Motorcycles

Minister Kyofatogabye Urges Public Sensitisation in Fight Against Counterfeit Motorcycles

The State Minister for Kampala, Kabuye Kyofatogabye, has called on the public to join the fight against counterfeit motorcycles and spare parts.He said the best tool in this fight is public sensitisation.Many riders, he noted, have faced the risks and losses caused by fake products.

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Museveni Calls for Household Census in Kampala to Improve PDM Budgeting

Museveni Calls for Household Census in Kampala to Improve PDM Budgeting

President Museveni has directed local authorities in Kampala’s five divisions to conduct a thorough household census to guide equitable allocation of funds under the Parish Development Model (PDM).The directive came during his visit to Kyambogo Complex Parish in Nakawa Division on S

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Museveni Hails Emyooga Sacco Success in Nakawa, Pledges More Support

Museveni Hails Emyooga Sacco Success in Nakawa, Pledges More Support

President Museveni has met with beneficiaries of the Emyooga SACCO initiative in Butabika and Mutungo, Nakawa Division, commending their progress and reaffirming government support for grassroots economic empowerment.The President, accompanied by the First Lady and Minister of Educati

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Tycoon Meddie Ssebagala’s Electronics Empire Faces Collapse Over Shs 1.2 Billion DTB Loan

Tycoon Meddie Ssebagala’s Electronics Empire Faces Collapse Over Shs 1.2 Billion DTB Loan

Prominent businessman Muhammed Ssebagala, proprietor of Ssebagala & Sons and owner of the Light of the World Electrical Shops in Kiyembe, is staring at the collapse of his once-thriving electronics empire as financial troubles deepen.Court bailiffs, a

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The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress

For decades, the name Aponye stood tall in Uganda’s business circles, synonymous with agro-processing success, expansive real estate investments, and strategic government supply contracts.Founded by the late Apollo Nyegamehe, commonly

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Inside Government’s New Pay Deal for Arts Teachers

Inside Government’s New Pay Deal for Arts Teachers

Following weeks of a sit-down strike that left arts lessons suspended across many government secondary schools, Government has come out with a new plan aimed at addressing the concerns raised by arts teachers.The strike, led by the Uganda Arts Teachers As

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Mukono Moneylender Murder Suspect Remanded to Kauga Prison

Mukono Moneylender Murder Suspect Remanded to Kauga Prison

Kabatazi Elvis, aged 26, appeared before Mukono Chief Magistrate Peace Namunu charged with the murder of Hamidah Mutesi Nalule, a 35-year-old money lender.The incident occurred on June 5, 2025, in Namuyenje village, Nakisunga Sub-county, Mukono District, where Kabatazi allegedly stabbed th

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