The Commercial Court has ordered Simbamanyo Estates Limited and its proprietor Peter Kamya to pay Shs 1.3 billion in legal costs to Equity Bank Uganda Limited and two business firms; Meera Investments Limited and Luwaluwa Investments Limited. In the ruling, the Commercial Court Registrar, Mr Elias Kisawuzi ordered Simbamanyo and Kamya to pay Shs 600…
Real Estate Agents of Uganda have requested President Yoweri Museveni to address their issues that have seen them battle a couple of financial consequences. They aired their outcry during the the 9th annual international conference and annual general meeting in Kampala held under the theme: ”Fast forward to the future”. They argued that the sector…
The Association of Real Estate Agents (AREA) has welcomed the move by government to introduce a new legislation to regulate land and property dealers in a quest to streamline all sector operations. According to AREA, the law will spell out clear terms of engagement in real estate transactions, thereby getting rid of fraud and eliminate…
When the countrywide Covid-19 pandemic inspired lockdown was eased, many tenants couldn’t afford to pay rent. This meant that they had to vacate the premises. Even those who had desired to start-up businesses that required property space, they quit because the pandemic had depleted their finances. Some landlords in an attempt to retain their tenants…
