ALERT: Supreme Court holds that syndicated lending transactions between foreign banking/non-banking institutions and Ugandans is legal. It is not illegal for foreign financial institutions to extend credit facilities to any financial institution or person in Uganda and such credit agreements are legal and enforceable. Facts Hamis Kiggundu and his companies, Ham Enterprises Ltd and Kiggs...
Uganda's Supreme Court on 13th June 2023 dismissed an application in which businessman Hamis Kiggundu and his companies, Ham Enterprises Ltd and Kiggs International Ltd sought to wiggle out repayments of approximately USD11 million to two banks, claiming the lending was done without license. Read full article
On Tuesday, 13th June 2023, the Supreme Court noted that the $11m (about sh41b) credit facility that was extended to Ham Enterprises Ltd, was legal. Ham later remitted the money to Kiggs International Uganda Ltd. The two companies are owned by businessman Hamis Kiggundu. Read full article
The High Court in Kampala has dismissed a case where a city lawyer had sought to challenge the decision of the Bank of Uganda on cryptocurrency trade. Justice Musa Ssekaana on April 24, 2023, ruled that Cryptocurrencies under the current National Payment System are illegal, unlawful, and are not accepted as a general payment instrument. "It would be wrong and illegal for the applicant to use the...
Telecom firm, MTN Uganda Limited has lost a High Court legal battle in which it was challenging the payment of $14, 140,030 (about Shs50billion) as license fees for the three-year transitional period. MTN Uganda had been challenging the payment of a licence fee of $14,140,030 for the transitional period October 21 2018 to June 30 2020, after its license had expired pending renewal. Through its...
Buganda Road Grade 1 Magistrate, Valerian Tuhimbise, has withdrawn criminal summons he issued against His Highness the Aga Khan Prince Karim Al-Husayn Shah, Nasim Mohammed Devji, Varghese Thambi and John Sitakange. This was after DTB (U) lawyers K&K Advocates faulted the move and argued that the matters in question were already before the High Court and the Supreme Court and that the summons...
KAMPALA -- Mr. Kiryowa Kiwanuka has been appointed new Attorney General in the latest cabinet announced on Tuesday, 8th June 2021. The Attorney General of Uganda is the principal legal adviser to the government of Uganda. The office of the attorney general is a cabinet-level government position in the country. Kiwanuka takes over from William Byaruhanga who held the position from June 2016....
Airtel Uganda has been issued with a National Telecom Operators (NTO) License, which will be operational for the next 25 years. This follows a period of negotiation and transition to a new Licensing Regime. “The new license is with effect from 1 July 2020 and is for 20 years. Airtel Uganda will retain all its current spectrum subject to the law and terms of the assignment. The scope of services...
“There is no provision in the NRM constitution, which allows the President to be sued. If it exists, then it would be inconsistent with the Constitution,” the Civil Division of the High Court boss ruled. Justice Michael Elubu has ruled that Gen. Yoweri Kaguta Museveni cannot be sued in his capacity as National Resistance Movement (NRM) chairperson because he enjoys unlimited immunity, while...
MTN Uganda and the Uganda Communications Commission (UCC) have today concluded the official signing of the License Renewal Agreement that will enable the telecommunication company continue its operations in the country for another 12 years, commencing 1st July 2020. A joint press conference between MTN Uganda and the Regulatory body was held today at the UCC offices in Kampala to showcase the...
