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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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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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Top Tallest Buildings in Uganda for 2025

Top Tallest Buildings in Uganda for 2025

NSSF Pension TowersUganda is witnessing a dramatic shift in its urban landscape. Kampala, the nation’s capital, is rapidly expanding, with modern skyscrapers increasingly defining its skyline.Among the most prominent structures is the NSSF Pensio

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Aponye 's Iconic Ugandan Business Conglomerate Faces Auction Two Years After Founder’s Death

Aponye 's Iconic Ugandan Business Conglomerate Faces Auction Two Years After Founder’s Death

The Aponye Group, once one of Uganda’s most formidable agro-processing and manufacturing empires, has collapsed just two years after the death of its founder, Apollo Nyegamehe. The group’s properties are now being auctioned off to recover debts, signaling th

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Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi

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Stray Goats, Cows Chew Up What is Left of Soroti City's Greens

Stray Goats, Cows Chew Up What is Left of Soroti City's Greens

The animals, often seen roaming freely through streets, markets, and residential areas, have become a major inconvenience, disrupting traffic and businesses while also causing property damage.The increasing presence of stray goats and cows in Soroti City has rais

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Key M7 Minister Says He Won’t Apologize for Taking Hotel Africana Owner BMK’s Property To Recover Money He Lent To One Of The Deceased BMK’s Sons

Key M7 Minister Says He Won’t Apologize for Taking Hotel Africana Owner BMK’s Property To Recover Money He Lent To One Of The Deceased BMK’s Sons

Using a court order and court bailiffs (of Mutesasira Associates), Minister Balaam Barugahara has become the owner of part of the BMK estate. He is particularly moving to have a huge apartment block located along Plot 46 Mulamula road in Buziga sold off via publ

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Jim Ssentongo Exposes URA: Retiree’s Vehicles Auctioned Without Notice Amid Bureaucratic Nightmare

Jim Ssentongo Exposes URA: Retiree’s Vehicles Auctioned Without Notice Amid Bureaucratic Nightmare

Jim Spire Ssentongo has highlighted significant issues faced by a retired employee in his dealings with the Uganda Revenue Authority (URA), bringing attention to the challenges retirees encounter within bureaucratic systems.

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