Block 19
Big Story: Equity Bank Sells Simbamanyo House To Tycoon Sudhir After Borrower Defaults On Shs11.5Bn Loan
Kampala mogul Dr. Sudhir Ruparelia is the new landlord of the expansive Simbamanyo House, which is situated on Lumumba Avenue opposite CPS building, after his Meera Company bought the building from Equity Bank. Simbamanyo House originally belonged to city businessman Peter Kamya, who staked it as collateral security to Equity Bank in 2017 for a…
Sad! Nexus Longue Proprietor Ivan Kakooza Dies On Independence Day
The Managing Director and owner of Nexus Lounge in Najjera, Wakiso District Engineer Ivan Kakooza has passed on. This was confirmed by Miss Joan Kaitetsi the manager of the popular bar. “Yes, it’s true, Ivan is gone,” She confirmed. By presstime, the cause of the death was still unclear as we wait for the ministry…
New Twist: Uganda Bankers Association Joins DTB To Appeal Court’s Ruling In Favour Of Ham Enterprises
Uganda Bankers’ Association (UBA), an umbrella organization for financial institutions licensed and supervised by Bank of Uganda is to join Diamond Trust Bank (DTB) in appealing against court’s ruling in the loans case against Ham Enterprises Ltd, owned by businessman Hamis Kiggundu. Commercial Court head Justice Henry Peter Adonyo on Wednesday ruled that the credit…
Exclusive! Why Museveni Sacked ISO Boss Kaka Bagyenda
President Museveni has sacked Internal Security Organisation [ISO] boss Col. Kaka Bagyenda and replaced by Charles Oluka, according to reports. This website have learnt that Oluka will be deputised by Emma Katabazi who has been heading the ISO media desk. Army spokesperson Brig Gen Flavia Byekwaso told this website that she had not yet confirmed the…
Commercial Banks In Panic After Court Outlaws Syndicate Lending In Landmark Ham Vs DTB Case
Several bosses in commercial banks in Kampala and other financial institutions are sweating plasma following the October 7th, 2020 ruling by the High Court Commercial Division in a case filed by tycoon Hamis Kiggundu and Diamond Trust Bank, in which caused outlawed syndicate lending. The panic among commercial banks executives arose after High Court justice…
She’s Not Our Patient! Hospital Denies Admitting EOC Boss, Sylvia Ntambi Who Dodged Court After Forged Sickness
New details regarding Ms Sylvia Muwebwa Ntambi, the embattled chairperson of the Equal Opportunities Commission (EOC), indicate that she is not admitted as per the documents submitted to the court. This website’s investigations show that Ntambi feigned sickness to evade court, where she was expected to appear on Wednesday to respond to corruption charges. Ntambi…
Just In! Uganda’s Joshua Cheptegei Breaks 10,000m World Record
Within the space of two months, Uganda’s Joshua Cheptegei has broken two long-standing world records – the 5,000m one on August 14 in Monaco and now the 10,000m one this night in Valencia. It means he has erased both races’ records previously set by Ethiopian legend Kenenisa Bekele after each remaining intact for more than…
CMI Defies Court Order To Release Rotting ISO’s Simon Odongo
The High court sitting in Kampala yesterday ordered the Chieftaincy of military intelligence (CMI) and Uganda police to unconditionally release Odongo Simon Peter an IT contractor with Internal security organization who is treating life threatening gun wounds at military hospital in Bombo, Luwero district. Justice Michel Elubu in his ruling of this be shaming case…
How Tycoon Ham Kiggundu Is Venturing Into Real Estate & Large Scale Agriculture As A Value Addition In Uganda’s Agricultural Sector
City businessman Hamis Kiggundu popularly known as Ham, who owns several commercial buildings within Kampala, has diversified into real estate projects and large-scale agriculture combined with agro-processing which are expected to spearhead value addition in Uganda’s agricultural sector. Besides building Nakivubo Memorial Stadium, we have established that Ham is currently on a roll-out of two…
Ham Enterprises 4-0 DTB! Tycoon Hamis Kigundu Triumphs Again As Court Orders DTB To Cough Back Shs 120Bn, Legal Fees & 8% Interest
The High Court Commercial Division in Kampala has Wednesday instructed Diamond Trust Bank (DTB) Uganda and Diamond Trust Bank (DTB) Kenya to refund Shs 120 billion for carrying out illegalities on Hamis Kiggundu’s accounts, the CEO of Ham Enterprises. Justice Henry Peter Adonyo in his ruling said that DTB which operates in Uganda and Kenya violated…