Equity Bank has recently indicated that the sale of Simbamanyo House is not connected to problems caused by the lock down. However, the clarification came after proprietors had long defaulted on their loan obligations. On September 3, president Museveni gave an order to Bank of Uganda (BOU) regarding Equity Bank. He told the Governor BOU, Emmanuel Tumusiime Mutebile to investigate ...
Read More »Billionaire Sudhir Ruparelia Acquires Simbamanyo House
Renown Kampala businessman and property Billionaire Sudhir Ruparelia has acquired Simbamanyo House. This is the building accommodating the Ministry of Gender, Labour and Social Development in the city centre along Lumumba Avenue. Equity Bank announced the development in an October 8, 2020 notice to all tenants. It said that Sudhir’s Meera Investments Limited had acquired the building. The bank sought ...
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