Browsing: Emmanuel Mutebile

Business

Op-ed ANALYSIS: Is Simbamanyo’s Peter Kamya An Innocent Victim or a Dishonest Businessman Trying to Cheat Equity Bank? Did He Also Lie to Museveni to Arm-twist The Banks?

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Last week a letter from President Yoweri Kaguta Museveni directing the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, to investigate the foreclosing of properties, belonging to Architect Peter Kamya of Simbamanyo Estates Ltd surfaced on social media. In the 3rd September 2021 letter (Reference No. PO/19), titled “Claims Of Illegal Sale Of Simbamanyo House…

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Business

BoU Report To Museveni – “Simbamanyo Estate Was Auctioned In Accordance With Provisions Of The Mortgage Act & the Mortgage Regulations To The highest Bidders”

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Bank of Uganda has defended the decision by Equity Bank to auction Simbamanyo House and Afrique Suits saying the transaction was done under the law. BoU says Simbamanyo and Mr. Kamya failed to respect their loan obligation when they (Kamya) failed to payback the loan as agreed by parties as he continued receiving money from…

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Business

Matters Escalate: Museveni Orders BoU Governor ‘Mutebile’ To Investigate Simbamanyo, Afrique Suites Sale

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The President of Uganda Yoweri Kaguta Museveni has ordered Bank of Uganda Governor Emmanuel Mutebile to expenditiously investigate the sale of Simbamanyo House and Afrique Suites by Equity Bank and report to him within one week. The president came in after Mr Peter Kamya and Margaret Muganwa appealed for his intervention. According to the president,…

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Business

Exposed! Disgruntled Journalist Drags BoU To Court Over Twinemanzi’s Alleged Backdoor Appointment As Supervision Executive Director

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Ugandan disgruntled journalist Arnold Mukose has dragged Bank of Uganda and the Attorney General to court over the fishy appointment and confirmation of Dr. Tumubweine Twinemanzi as the Executive Director in charge of supervision at the Central Bank. In February 2018, Twinemazi was appointed by Governor Emmanuel Mutebile to replace troubled Justine Bagyenda as the…

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