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Uganda: Absa Bank Cleared to Sale Boss Beverages Properties Over Shs710 ... Kampala — The High Court Commercial Division has allowed Absa Bank Uganda Limited to proceed with the sale of multimillion-shilling properties belonging to Boss Beverages International Limited after dismissing a long-running loan dispute over alleged wrongful interest calculations. In a judgement delivered through the Judiciary's Electronic Court Case Management Information System (ECCMIS), Acting Judge Dr. Ginamia Melody Ngwatu dismissed the suit filed by Boss Beverages, ordered the company to pay costs, and authorized the bank to recover an outstanding debt of Shs710.2 million through the sale of the mortgaged property. The court ruled that the outstanding amount will continue attracting interest at 20 percent per annum from the date the case was filed until full payment is made. "The defendant shall proceed with the sale of the mortgaged property according to the law to recover the outstanding sum of UGX 710,176,404 and interest accrued at 20% from the date of filing this suit until payment in full," Justice Ngwatu ruled. The properties earmarked for recovery are located on Block 232, Plots 2619 and …

Absa Bank Uganda wins eight-year Shs700m loan battle against beverage ... Overview: Acting Judge Dr Ginamia Melody Ngwatu dismissed a suit in which Boss Beverages had accused the bank of unlawfully inflating its loan obligations through excessive interest charges and penalties. KAMPALA — The High Court Commercial Division has cleared Absa Bank Uganda Limited to sell property belonging to Boss Beverages International Limited to recover an outstanding debt of more than Shs710 million, bringing to an end an eight-year legal battle over loan repayment and interest charges. In a judgment delivered through the Judiciary’s Electronic Court Case Management Information System (ECCMIS), Acting Judge Dr Ginamia Melody Ngwatu dismissed a suit in which Boss Beverages had accused the bank of unlawfully inflating its loan obligations through excessive interest charges and penalties. The court instead upheld the bank’s claim and authorised it to proceed with the sale of mortgaged property pledged as security for the loans. “The defendant shall proceed with the sale of the mortgaged property according to the law to recover the outstanding sum of UGX710,176,404 and interest accrued at 20 percent fr…

Court Clears Absa Bank to Sale Boss Beverages Properties Over UGX 710 ... The High Court Commercial Division has allowed Absa Bank Uganda Limited to proceed with the sale of multimillion-shilling properties belonging to Boss Beverages International Limited after dismissing a long-running loan dispute over alleged wrongful interest calculations. In a judgment delivered through the Judiciary’s Electronic Court Case Management Information System (ECCMIS), Acting Judge Dr. Ginamia Melody Ngwatu dismissed the suit filed by Boss Beverages, ordered the company to pay costs, and authorized the bank to recover an outstanding debt of Shs710.2 million through the sale of the mortgaged property. The court ruled that the outstanding amount will continue attracting interest at 20 percent per annum from the date the case was filed until full payment is made. “The defendant shall proceed with the sale of the mortgaged property according to the law to recover the outstanding sum of UGX 710,176,404 and interest accrued at 20% from the date of filing this suit until payment in full,” Justice Ngwatu ruled. The properties earmarked for recovery are located on Block 232, Plots 2619 and 2406 in Banda…

Absa Bank cleared to sell Boss Beverages Properties over Shs710m debt Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. Business Absa Bank cleared to sell Boss Beverages Properties over Shs710m debt By Our Reporter June 17, 2026 Share Facebook Twitter Pinterest WhatsApp Must read Ex-Lord Mayor Erias Lukwago charged with misprision of treason, remanded June 17, 2026 Gov’t orders mandatory livestock vaccination programme to fight Foot-and-Mouth Disease June 17, 2026 CDF Muhoozi cancels Turkish Yapı Merkezi contract to build Uganda’s Standard Gauge Railway June 16, 2026 Ex-Kampala Lord Mayor Erias Lukwago kidnapped as CDF Muhoozi captures ‘fool’ June 15, 2026 Our Reporter The High Court Commercial Division has allowed Absa Bank Uganda Limited to proceed with the sale of multimillion-shilling properties belonging to Boss Beverages International Limited after dismissing a long-running loan dispute over alleged wrongful interest calculations. In a judgement delivered through the Judiciary’s Electronic Court Case Management Information System (ECCMIS), Acting Judge Dr. Ginamia Melody Ngwatu di…

Court orders Boss Beverage to pay Shs710m debt to Absa Bank, clears ... The Commercial Court building in Kampala. On average, the court receives about 2,000 cases annually with only half of these going up to disposal. Photo/File By Juliet Kigongo Summary Article Related What you need to know: The court also allowed the bank to proceed with the sale of the mortgaged property of Boss Beverages International Limited to recover the debt The court has ordered Boss Beverage Company Limited to pay Absa Bank Uganda Ltd, formerly Barclays Bank Uganda, over Shs710million as outstanding loan obligations. The Commercial Court division of the High Court judge, Dr Ginamia Melody Ngwatu, also allowed the bank to proceed with the sale of mortgaged property of Boss Beverages International Limited in order to recover the debt. In her judgment, Justice Dr Ginamia Melody Ngwatu found that Boss Beverages had failed to prove allegations that the bank had unlawfully computed interest and penalties on its loan facilities. The dispute arose from loan facilities advanced by the bank to Boss Beverages, including a Shs400 million term loan used to buy out an existing facility from DFCU Bank and a separate sh…

Uganda: Absa Bank Cleared to Sale Boss Beverages Properties Over Shs710 Million Debt [Independent (Kampala)] Kampala -- The High Court Commercial Division has allowed Absa Bank Uganda Limited to proceed with the sale of multimillion-shilling properties belonging to Boss Beverages International Limited after dismissing a long-running loan dispute over alleged wrongful interest calculations.