Tension as Court of Appeal ruling on DTB vs Tycoon Ham Kiggundu case is expected tomorrow

There is high tension in Uganda’s banking sector ahead of a landmark court ruling on an appeal case involving Diamond Trust Bank (DTB) Uganda and Kenya tomorrow, May 05, 2021.

On April 28, Court of Appeal registrar wrote to DTB Uganda and Kenya, and Ham Enterprises Ltd, informing them of the date of the judgement.

Court of Appeal Justices will deliver their judgement starting 12pm, according to a notice Pearl Times News has seen.

For more on this story, see our report below:

New Twist as DTB Bank pushes for cancellation of ruling that ordered Shs120bn refund for tycoon Ham Kiggundu

Uganda to lenders: Ham-DTB ruling is no reason to worry for syndicated loan repayment

DTB Vs Ham: Commercial banks join appeal case