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A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort targeting loan arrears exceeding UGX 15 billion. According to sources close to the matter, dfcu Bank and the Uganda Development Bank (UDB) are among the financial institutions actively pursuing recovery of non-performing loans that were extended to Aponye’s business empire, primarily through his flagship company, Aponye (U) Limited. The debt portfolio, which has grown due to interest accumulation and prolonged non-repayment, is reportedly higher than initially estimated, with…
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David F.K. Mpanga is one of Uganda’s most respected lawyers. He is severally ranked by top legal ranking firms ⏤ Chambers and Partners, IFLR1000 and the Financial and Corporate Guide⏤ as…
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Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
Bowmans, one of Africa’s largest law firms and AF Mpanga Advocates, one of the leading corporate and commercial law firms in Uganda have reached a mutual agreement to terminate their partnership in Uganda, CEO East Africa Magazine can exclusively reveal. The Kampala office has been trading as Bowmans (AF Mpanga Advocates). David F.K Mpanga, now the Managing Partner and founder of AF Mpanga Advocates, confirmed the development to CEO East Africa Magazine in a phone interview. “Yes, we have reached a mutual decision for us to move separately,” David F.K Mpanga said on the phone, adding, “We have been co-branding…
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