Tag: ham kiggundu
In a landmark ruling, Uganda’s commercial court last week awarded business mogul Ham Kiggundu the ruling in his loan case against the Diamond Trust Bank, but could this weigh heavily on the country’s financial sector? John Walugembe, Executive Director, Federation of Small & Medium Enterprises, Uganda joins CNBC Africa for more.
Prominent Ugandan Mogul, Ham Kiggundu is currently in court with Diamond Trust Bank Uganda and DTB Kenya for the institutions allegedly removing over $23 million illegally from his business accounts over the course of a decade. As the case gains attention, CNBC Africa spoke to Kenneth Agutamba, Analyst and Chief Strategist of Impact Communication Strategies about what a case like this could mean for the way VIP clients interact with their banks in the future.