When British American businessman Craig Whitehead teamed up with two Ugandan partners, Benjamin Buhikire and Simon Gombekwa, he believed he was helping build a promising venture in Uganda. Instead, Buhikire and Gombekwa quietly diverted more than Shs 228 million that Whitehead sent for company projects and used it for themselves. Does this sound familiar? For…
When the dreadlocked Ricky Papa Thomson walked into Ecobank Uganda in March 2023 to take out a salary loan of Shs 180 million, he believed he was signing up for a lifeline to support his work as a director at Safeboda. He also believed the loan came with an insurance cover that would protect him…
In 2010, Select Garments, one of the leading fashion stores in Uganda, signed a six-year lease for 348 square metres on the first floor of Forest Mall in Lugogo, Kampala. The building is run by Old Stanley Hotel, which is owned by businessman Stanislas Isiagi. It was supposed to pay Shs 27 million per month…
Joel Aita of Joadah Consult and three other firms will have to seek an arbitratot to mediate in a payment dispute with the Uganda Investment Authority (UIA) for works at the Namanve Industrial Park, court has ruled. The decision followed a legal battle in which Joadah, Roughton International Ltd, Turner and Townsend International Ltd, and…
The Commercial Division of the High Court has ordered Otim Osker, who used to work for Absa Bank Uganda, to pay back Shs 67 million he owes the bank in unpaid loans and credit card debt. Justice Patience Rubagumya did not buy Otim’s arguments and dismissed his application. She said Otim had no solid defence….
Mohanpal Singh Bharj, a Kampala-based businessman, has won a legal battle against his former tax adviser, Hitesh Mahendra Mehta, whom he had lent Shs 270 million. The case, heard in the Commercial Division of the High Court, stemmed from a financial arrangement gone sour between the two men, both chartered accountants. The disagreement began in…
