AF Mpanga Archives – CEO East Africa

Court of Appeal Trashes Simbamanyo Estates case with costs

CEO ReporterBanking & Financial ServicesOctober 29, 2020October 29, 2020

The Court of Appeal in Kampala has dismissed with costs, an application by administrators of Simbamanyo Estates Limite 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. According to Justice Christopher Madrama, Simbamanyo Estates does not have acceptable grounds for court to deny the bank legal costs incurred. “…the respondent (Equity Bank) upon being served, instructed lawyers and the lawyers took action to oppose the application by filing the appropriate affidavits in reply, as well as written submissions,”…

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Exposed: Was Bagyenda in cahoots with dfcu Bank officials and lawyers to illegally transfer Shs570 billions of Crane Bank’s bad loan book?

Muhereza KyamuteteraThe Big StoryNovember 5, 2018November 5, 2018

A letter, said to have been authored by disgraced former Bank of Uganda, Executive Director, lifting key anti money laundering reporting requirements for dfcu Bank in regard to a Shs570…

Firms linked to Louis Kasekende’s wife got Shs1.4bn BoU deal to audit Crane Bank

CEO ReporterCompany News Legal & Justice The Big Story Thought LeadershipOctober 31, 2018October 31, 2018

As Parliament’s COSASE committee starts probing Bank of Uganda over the way it handled the statutory seizure and or subsequent disposal of the assets and liabilities of seven defunct banks,…

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