Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Aya Investment slapped with Shs 1.46b bill over unpaid debts
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 72220, member: 636"] Uganda's Commercial Court has compelled Aya Investment Uganda Limited to remit approximately 1.46 billion shillings to General International Technical Company following a protracted dispute over unpaid construction deliverables for the Pearl of Africa Hotel. Justice Patience Rubagumya determined that the hotelier owed $145,250 for electrical infrastructure, security installations and telecommunications equipment, which ballooned to $389,270 after applying compound interest dating from April 2018. The tribunal added 65 million shillings in compensatory awards after reviewing documentation confirming the contractor's fulfillment of obligations spanning air conditioning networks, fiber optic systems and fire suppression apparatus. Muhammad Hamid's hospitality venture faces mounting liquidity pressures as creditors pursue outstanding obligations through asset liquidation proceedings. Presidential intervention to stabilize the Nakasero property has been discussed without a tangible resolution. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Aya Investment slapped with Shs 1.46b bill over unpaid debts
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top