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Simbamanyo tycoon loses Shs40b case, hotel, building

Simbamanyo tycoon loses Shs40b case, hotel, building
monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.

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Street lights breakdown hits Gulu city, authorities lack repair crane

Street lights breakdown hits Gulu city, authorities lack repair crane
May 14, 2021
Street lights installation in Gulu
Authorities of Gulu city are struggling to repair dozens of broken solar street lights installed under the Uganda Support to Municipal for Infrastructural Development (USMID) project in 2019.
In October 2019, Gulu started the installation of more than 1,000 solar-powered street lights along several roads that were upgraded under the USMID project at a tune of Shs 3.2 billion.
The initiative aimed at improving urban service delivery, promoting security, improving safety for drivers, riders and pedestrians especially at night. However, dozens of the street lights have malfunctioned ranging from broken bulbs, stolen batteries, and non-functional batteries. ....

Alex Okoya , Robert Okwonga , Uganda Support To Municipal For Infrastructural Development , Uganda Support , Infrastructural Development , Walter Opwonya , Odur Min Odyek , Acholi Lane , Lumumba Avenue , Goans Quarter , Kiwanuka Guava , உகந்த ஆதரவு , உள்கட்டமைப்பு வளர்ச்சி , லுமும்பா அவென்யூ ,

DPP recalls file for Simbamanyo case

Daily Monitor
Monday April 12 2021
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The Directorate of Public Prosecutions (DPP) has recalled a case file in which two buyers of prime property which formerly belonged to Simbamanyo Estates Ltd and the bank are facing criminal offences.
In October last year, Equity Bank sold Simbamanyo building on Lumumba Avenue to Meera Investments and Afrique Suites Ltd at Mutungo Hill, Nakawa Division, to Luwaluwa Investments Ltd, a real estate firm.
The bank sold the property to recover outstanding loans worth $10.8 million (about Shs40 billion).
The proprietor of Simbamanyo Estates Ltd, Mr Peter Kamya, filed criminal charges against Mr Ronald Luwangula of Luwaluwa Investments Ltd, the proprietor of Meera Investments Ltd Sudhir Ruparelira, officials of Equity Bank, and lawyers of Katende Sempebwa Advocates. ....

Betty Khisa , Ronald Luwangula , Juliet Kigongo , Peter Kamya , Rose Tumuheise , Nakoko Gimei , Nakawa Division , Meera Investments Ltd Sudhir Ruparelira , Simbamanyo Estates Ltd , Luwaluwa Investments Ltd , Afrique Suites Ltd At Mutungo Hill , Equity Bank , High Court , Public Prosecutions , Lumumba Avenue , Meera Investments , Afrique Suites Ltd , Mutungo Hill , Katende Sempebwa , Resident State Attorney , Kampala East Regional Criminal Investigations , பீட்டர் காம்யா , னககவா பிரிவு , பங்கு வங்கி , உயர் நீதிமன்றம் , லுமும்பா அவென்யூ ,

Simbamanyo asks court to reinstate Shs40b case on sold properties

Daily Monitor
Wednesday February 24 2021
The order had closed a case which Simbamanyo Estates Limited had filed against Equity Bank (U) Limited, Meera Investments Limited, Luwaluwa Investments Limited and the Commissioner for land Registration.
Summary
Last year Simbamanyo Estates Limited and its proprietor Architect Peter Kamya had sued the four parties alleging fraudulent and illegal sale of their prime property.
Last month, the Directorate of Public Prosecutions (DPP) rejected rejected criminal proceedings against the property buyers and bank officials.
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Simbamanyo Estates Limited have asked the court to reinstate a case in which its proprietors are challenging the sale of its multimillion property as a bank moved to recover outstanding loans worth $10.8 million (about Shs40 billion). ....

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Simbamanyo loses Shs40b case to Equity Bank

Daily Monitor
Sunday February 21 2021
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KAMPALA- Simbamanyo Estates Limited have lost a case in which its proprietors were challenging the sale of its multimillion property as a bank moved to recover an outstanding loans worth $10.8m (about Shs40 billion).
Ms Lillian Bucyana, the Commercial Division of the High Court registrar, on Wednesday issued the order that the case fails.
“The suit abates for failure to take out summons for directions in time,” reads the February 17 order.
The order halts a case which the company had filed against Equity Bank (U) Limited, Meera Investments Limited, Luwaluwa Investments Limited and the commissioner for Land Registration. ....

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