Court says it can’t stop sale of Bitature’s Skyz Hotel over Shs 134 bn loan
The Court of Appeal has dismissed an application by two companies, Simba Properties Investment Co. Ltd and Simba Telecom Ltd, to temporarily stop the sale of six properties they had mortgaged over a loan. The properties include Protea Skyz Hotel on Naguru hill. In a ruling last week, the court said it lacks the power…