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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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Tooro Kingdom, Reach A Hand Empower Youth at Annual Leadership and Cultural Conference

Tooro Kingdom, Reach A Hand Empower Youth at Annual Leadership and Cultural Conference

Tooro Kingdom, in partnership with Reach A Hand Uganda (RAHU), held the Tooro Annual Youth Conference at the kingdom headquarters in Fort Portal.The high-impact gathering, themed “We Lead: Cultural Voices Driving Change,” brought together hundreds of young people from across the K

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Diplomat Rugari to Marry Ex-Miss Uganda’s Sister as Estranged Wife Sits Behind Bars

Diplomat Rugari to Marry Ex-Miss Uganda’s Sister as Estranged Wife Sits Behind Bars

Diplomat Christopher Rugari’s marriage to Joline Kanoheri has been making headlines due to its tumultuous end.The couple’s divorce proceedings have been complicated by the tragic death of their son, Nganwa Rugari, with Kanoheri facing accusations of m

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Deadliest delicacies: 10 deadly animals that people actually eat around the world

Deadliest delicacies: 10 deadly animals that people actually eat around the world

Imagine sitting down to dinner and being served a plate of snake, its venom potent enough to kill an elephant. It sounds like a nightmare, but across the globe, people routinely dine on some of the deadliest animals known to humankind. Despite the danger, these

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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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Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Tycoon Sudhir Ruparelia to Headline UK-Africa business Summit in London

Dr Sudhir will share his business success at the UK-Africa investment summit in London after attending the PAP awards in Kampala. (file photo)Uganda’s business magnate Dr. Sudhir Ruparelia will headline the much-anticipated UK-Africa Business Summit set

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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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Meet Jordan Ssebuliba, a man who declared his father mad in order to take over property

Meet Jordan Ssebuliba, a man who declared his father mad in order to take over property

Jordan Ssebuliba, about 50 years old, is an estranged son who has severally dragged his father, city businessman Mohan Musisi Kiwanuka to courts of law over the years.He has also been bonded severally in many police stations in cases that are not related

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