Double Loss: Court Trashes Simbamanyo Estates Loan Case Appeal With Costs
The Court of Appeal in Kampala has dismissed with costs, an application in which the proprietors of Simbamanyo Estates Ltd had sought to halt the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (about Shs40 billion). Justice Christopher Madrama ruled that Simbamanyo…