Businessman Defends Shs 427m Loan Recovery Suit Against Stanbic Bank
Kampala, Uganda | The High Court’s Commercial Division has granted city businessman Dalaus Katongole, trading as Ngoleda Stores, permission to defend a suit filed by St...
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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...
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 govern...
Atiak Sugar Factory: Billions spent, no production
When the machines at the factory first started roaring over a decade ago, its senior management pledged to turn the venture into “an engine for development to support t...
INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials
Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together w...
ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles
A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles.
How Ndere fell deep into Shs10bn debt
A few days ago, Quickway Auctioneers and Court Bailiffs listed for public auction, three properties including Ndere Cultural Centre, a well-known institution for cultural...