The Big Story

ANALYSIS: Is Simbamanyo’s Peter Kamya an innocent victim or a dishonest businessman trying to cheat Equity Bank? Did he also lie to Museveni to arm-twist the banks?

by The CEO Magazine Team
Peter Kamya, the proprietor of Simbamanyo Estates Limited has endlessly lost various court attempts to block the sale of the property. Hearing of the main suit to determine the nature and manner of sale continues.
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Last week a letter from President Yoweri Kaguta Museveni directing the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, to investigate the foreclosing of properties, belonging to Architect Peter Kamya of Simbamanyo Estates Ltd surfaced on social media. In the 3rd September 2021 letter (Reference No. PO/19), titled “Claims Of Illegal Sale Of Simbamanyo House And Afrique Suites”, t

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