On Kampala Road, next to Crane Chambers, stands the gleaming Church House, a 16-story building that serves as the headquarters for the Church of Uganda. This iconic structure, completed in recent years, nearly slipped from the church’s grasp due to a massive loan from Equity Bank Uganda. Back in 2010, under the leadership of then…
If you are a heavily indebted businessperson in Uganda, sinking under the weight of a bank loan with no hope of repaying it, what do you do? For many, they would let the bank foreclose their mortgaged properties and lick their wounds. But if you are of the stature of Hamis Kiggundu, Patrick Bitature, Amos…
The High Court (Commercial Division) has dismissed a lawsuit by Simbamanyo Estates against Equity Bank (U) 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…
