Zimba Logistics & Hardware has been ordered by the High Court to pay Uganda Baati Shs1.66 billion for construction materials supplied on credit. Justice Stephen Mubiru ruled that Zimba Logistics and its managing director, Ali Teko Awazi, are jointly responsible for the unpaid debt. He also found that Stanbic Bank breached its banking duty to…
On March 3, 2021, Hussein Ahmed approached Platinum Credit Uganda for a loan of Shs 31.4 million at an interest rate of 4% per month. As security, he handed over the logbooks for two vehicles: a Toyota Land Cruiser registration number UAW 911K valued at Shs25 million, and a Toyota Alphard registration number UBE 217M…
Moses Kigongo, the first national NRM vice chairperson, has been ordered by court to pay Shs 58 million in damages and costs to a contractor who installed aluminium doors and windows at his property in Mpigi. Kigongo had wanted “bulletproof” glasses, which he said Diamond Glass Mart, the contractor, never delivered. So he paid the…
Once upon a time, in Naguru, Kampala, Andrew “Desh” Kananura, a renowned businessman and Vehicle and Equipment Leasing, a car leasing firm, entered into a deal. On the surface, the deal sounded simple. Vehicle and Equipment Leasing needed space to park many cars that it had imported. Kananura had the space at Panamera Bar, which…
The High Court in Kampala has ordered real estate developer Opec Prime Properties and its marketing agent, Remax Uganda, to refund Shs 3.8 billion to a group of homebuyers after finding that the companies breached housing sale agreements linked to the failed Naguru-Nakawa redevelopment project. In a judgment, Justice Stephen Mubiru ruled in favour of…
The High Court has overturned a contempt of court ruling and fines imposed by the Tax Appeals Tribunal (TAT) against Nile Breweries arguing that it (tribunal) lacked the power to punish the company for what it called “civil contempt”. However, the court sided with the tribunal on a key tax rule, confirming that companies must…
