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…
City lawyers from Walusimbi & Co. Advocates, who also double as representative of Meera Investments in the property row between Equity Bank and Architect Peter Kamya of Simbamanyo Estates after have petitioned the High Court seeking an audit of the court filing fees, indicating that the embattled businessman has repeatedly defaulted fees. “The plaintiffs have…
President Yoweri Kaguta Museveni has advised Peter Kamya and Dr Margaret Muganwa Kamya, the proprietors of Simbamanyo House and Afrique Suites to seek court redress on the sale of the two properties. In a 25th October 2021 letter to Kamya, copied to the Attorney General, Ministry of Justice and Constitutional Affairs and the Governor, Bank Uganda,…
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…
Former Simbamanyo House owner Peter Kamya is in more trouble after move evidence reveal that he kept on collecting rent from the Ministry of Gender, Labour and Social Development despite mortgaging the building to Equity Bank when acquiring a loan. In August 2012, Equity Bank Uganda and Equity Bank Kenya extended a loan worth $10…
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…
Property Magnet Dr Sudhir Ruparelia has broken silence on the disputed Simbamanyo House ownership days after the former owner Peter Kamya ran to President Museveni seeking intervention into the sale of their property. Embattled Kamya ran to Museveni contesting Equity Bank’s sale of his property to Tycoon Sudhir in October 2020 for UGX18.5b. However, Equity…
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,…
The High Court in Kampala presided over by Justice Susan Abinyo has on Friday, August 30 dismissed with costs, an application in which the proprietors of Simbamanyo Estates Limited had sought to halt the transfer of it’s prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million…
