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Insolvency is one of the most misunderstood phases of the business cycle. In Uganda—where entrepreneurs are celebrated for their resilience and ingenuity—it is also one of the most stigmatised. But…
What sets him apart is not just pedigree—but impact. Over a career spanning two decades, Kabiito has led and advised on high-stakes commercial disputes and restructurings worth well over USD…
The Public Procurement and Disposal of Public Assets (PPDA) Appeals Tribunal has overturned a multi-billion-shilling contract award issued by Uganda Electricity Transmission Company Limited (UETCL). It did so after finding…
Can you tell us about your early years? Your childhood, where you were born and raised, earliest memories, that sort of thing? I was born in Mulago Hospital, Kampala. I…
The Boardroom Masterclass that aims to build better boards took place last week. The inaugural webinar, the first of many series to come, was organized by Japheth Katto Consult (JCK) in partnership with Ligomarc advocates. This inaugural edition featured prominent corporate personalities like Japheth Katto of Stanbic Holdings Limited, Ruth Sebatindira of Ligomarc and Grace Kavuma, Chairperson NCBA bank. Japheth Katto is Board Chairman at East African Breweries Limited (EABL), and is a Board member at Stanbic Holdings. He was also the first Chief Executive Officer (CEO) of Capital Markets Authority (CMA) from 1998 until 2013. Japheth is also a…
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Justice Richard Wejuli Wabwire, of the Commercial Court, has found that Uganda Development Bank (UDB), unlawfully sold the property of their client, Mubende Parents School; illegally appointed Kabiito Karamagi and Joshua Ogwal of Ligomarc Advocates as receivers/managers, to recover a debt that did not exist. Their unlawful appointment aside, the two receiver/managers, according to court, also went ahead to unlawfully attach monies on the school’s bank accounts as well as unlawfully dispose of the remaining properties of the school and as if that was not enough, they misused and failed to properly account for the funds ‘grabbed’ from Mubende Parents…
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Stanbic Bank Uganda has placed oil marketing company Mogas Group under receivership in order to recover outstanding loans. In a statement, the Bank says: “Stanbic Bank Uganda Limited has placed Mogas Group assets under receivership to recover outstanding loans, adding that Kabiito Karamagi with the Law Firm, Ligomarc Advocates, has been appointed Receiver in Uganda and is leading the takeover process of the borrower’s assets in the country. According to Stanbic, Mogas has been a client of Standard bank group and is multi-borrowed across several jurisdictions including Uganda and the asset takeover was being applied as a last resort. “The…
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