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Uganda Development Corporation (UDC) the Uganda government’s private sector investing arm, is to acquire an undisclosed number of shares in East Africa Medical Vitals (EAMVL), a medical glove-making company belonging to businessman, Ben Kavuya. The two entities in July this year signed an investment partnership agreement for UDC to make an equity investment into EAMVL, said to be the first medical consumables manufacturing plant of latex surgical and examination gloves in Uganda and one of a few in Africa. Dr. Patrick Birungi the UDC Executive Director signed on behalf of his company, while Ben Kavuya, the EAMVL Chairman, signed on…
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Financial services firm, Global Capital Save 2004 Ltd, its sister company, Rutungu Properties Ltd together with their proprietor and Chairman, businessman Ben Kavuya have said they are dissatisfied with the Court of Appeal ruling on a dispute involving two city properties and shall proceed to seek justice in the Supreme Court. The case stems from a 2007 transaction in which financial services firm, Global Capital Save 2004 Limited says it bought properties, comprised in Block 236 Plot 2062 Kyadondo (land at Bweyogerere) and Vol 2965 Folio 18 Plot 17 Bunyoyi Lane (land at Kataza Kiswa) from a one Wakanyira…
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