The long-standing financial dispute between City Young Tycoon Hamis Kiggundu and Diamond Trust Bank (DTB) has come to an end with all court cases dropped. In a closed meeting held between the two Giant C.E.Os; Hamis Kiggundu Group C.E.O Ham Group of Companies and Nasim Devji, the C.E.O of Diamond Trust BankGroup, the duo reasoned…
Last week, Justice Stephen Mubiru from Commercial Court dismissed the application by city businessman Peter Kamya in which he asked for a temporary injunction in a bid to stop Meera Investments and Luwaluwa Investment from selling or transferring his former properties to other names. Properties in question include Afrique Suites Hotel on Mutungo Hill which…
The Commercial Court has dismissed an application by city architect Peter Kamya in which he sought a temporary injunction stopping the sale or transfer of his property Simbamanyo house on Lumumba Avenue and Afrique Suites Hotel in Kampala. On October 8, 2020, Equity Bank sold Afrique Suites Hotel on Mutungo Hill to Luwaluwa at $4,350,000…
The High Court (Commercial Division department) has dismissed an application by (now ex) administrators of Simbamanyo Estates Limited in which they wanted the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (Shs40 billion) to be halted. Simbamanyo Estates Limited lost Afrique Suites…
Equity Bank Uganda denied having ever facilitated or engaged in facilitating any illegal cover to have Equity Bank Limited and Bankone Limited engage in financial institutions business in Uganda. Peter Kamya, an architect, has asked Justice Boniface Wamala to disqualify himself from hearing Simbamanyo House cases, citing bias. “The judge has not conducted himself in…
