East Africa is the fastest-growing economic region on the continent. In 2022, Uganda, Kenya and Tanzania attracted over USD13.3 billion worth of foreign direct investment (FDI). This is according to the latest investment report by the business advisory firm Ernst & Young. The report singled out Uganda as having received USD10.2 billion — the highest in East Africa — creating 6,300 jobs. However, a refusal by a Ugandan Commercial Court to respect and enforce a London Court of International Arbitration (LCIA) ruling has turned on the stage lights onto Uganda’s investment climate and may position the country in a bad…
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Kampala City Traders Association (KACITA) has lost a case in which it was seeking orders to stop Crane Management Services Limited and 16 other landlords from collecting three months’ rent arrears that accrued when arcades closed during lockdown. The Commercial Division of the High Court dismissed the case citing failure of the traders’ association (KACITA) to prosecute their case. The court also ordered KACITA to pay legal costs incurred by Crane Management Services and the other 16 accused parties. Other accused parties include; Ntake Bakery Limited, Apple Properties Limited, Godfrey Kyeswa, Aponye House Limited, James Mugabi, Drake Lubega, Ham Enterprises…
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