For years, businessman Ahmed Dubow Hudey conducted business the way thousands of traders across Kampala do. No formal contracts. No lawyers. Just trust, WhatsApp messages, and bank transfers. Dubow was a dealer in general merchandise, buying goods in Kampala and selling them across the Uganda–South Sudan border. His main supplier was Narendra Kotecha, a businessman…
Justice Susan Abinyo of the High Court has allowed businessman Emmy Wasirwa to defend himself against a suit filed by Equity Bank Uganda, after finding that the bank continued to levy “dubious and excessive charges” even though he insists he cleared his Shs 750 million loan. Wasirwa and his company, Wana Solutions, had applied for…
The High Court has dismissed a lawsuit brought by businesswoman Margaret Nalubega against Equity Bank after she claimed that the bank delayed in clearing her credit record leading her to suffer a financial loss. The court found that the bank was not solely responsible for delays in clearing her credit record and that Nalubega failed…
The High Court has ordered the eviction of two school owners from a property in Kisugu, Kampala, after they defaulted on a bank loan. The decision, made by Justice Susan Odongo grants Cairo Bank Uganda possession of the land, which was used as security for the debt. The case stems from a loan agreement in…
The High Court (Commercial Division) yesterday rejected an application by Ratidu Trading Ltd and two individuals to review and set aside a previous judgment ordering them to pay over Shs 1.3 billion to Equity Bank (U). Justice Susan Odongo dismissed the case, saying the applicants failed to prove they had discovered new evidence or that…
The High Court (Commerical Division) has given businessman Kennedy Losuk, 60 days to deposit Shs 10 billion in Equity Bank or have his properties, including Emin Pasha Hotel in Nakasero, sold off. The 60 days end on October 10, 2025. A couple of years ago, the owner of the hotel, Kennedy Losuk, borrowed billions from…
The High Court (Commercial Division) has dismissed a lawsuit by Simbamanyo Estates against Equity Bank (U)Â Ltd, Equity Bank Ltd (Kenya) challenging the sale of its properties due to loan default. In 2020, Equity Bank (Uganda) sold Simbamanyo House to businessman Sudhir Ruparelia due to the failure by Simbamanyo Estates to clear a loan of…
Equity Bank Uganda, part of Equity Group, has launched a comprehensive staff audit to address unethical employee behaviour, Bbeg Media has learned. Sources told us that the bank that has 50 branches and hundreds of employees in Uganda, intends to tackle issues such as extortion, rudeness, negligence, and collusion with customers to defraud the institution….
