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@matookerepublic Mon, 28 Jul 2025 05:15:23

Court upholds Simbamanyo property sale over $10 million Equity Bank loan

The Commercial Division of the High Court has dismissed Simbamanyo Estates Limited’s long-standing legal battle against Equity Bank, ruling that the disputed $10 million post-import loan was valid, lawful, and free from fraud. Delivering judgment on July 25, 2025, Justice Harriet Grace Magala stated that the loan arrangement—structured between Equity Bank Uganda, Equity Bank Kenya, […] The post Court upholds Simbamanyo property sale over $10 million Equity Bank loan first appeared on Matooke Republic.

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