Sport
Katatumba $6m richer
Publish Date: Sep 05, 2008
Newvision Archive
  • mail
  • img

Last year we broke the news that city property mongul Boney Katatumba had entered a deal with Protea Hotel, a South African hotel management chain, to manage his then Hotel Diplomate in Muyenga.

We have now learnt that Katatumba, also the envoy of the Islamic Republic of Pakistan to Uganda, has sold off his six-storey Katatumba Suites located smack in the middle of town (Plot 2 Colville Street) to Shumuk Group of Companies at $6m.

The money will reportedly finance the renovation of Protea Hotel Diplomate.

Katatumba Suites, comprising 101 condominium suites each valued at between $60,000 and $70,000 and the first ever condominium city property in Kampala, was recently renovated with a grant from East Africa Development Bank.

The hotel aside, Katatumba who has owned the building for the last over 15 years, will now concentrate on African Express Airlines, a joint venture with Kenyan busineman Capt. Musa Bulhan, which plies the Nairobi–Dubai route; Banda Island Resort and Katatumba Resort Hotel in Mbarara among other business interests.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
SINCE he defeated Sudanese Abdul Quadir early this year, to win the African Kickboxing title, Moses Golola has not taken part in another fight. But we can exclusively reveal that a number of other kickboxers had offered to take him on, some staked as much as sh25m to fight him....
FOR a long time the success of the Mozey Radio duo and their entire Goodlyfe Crew has been hinged on three things; their creativity as a duo; the production genius of Washington, who has since parted ways with them; and their manager Jeff Kiwa....
WE cannot tell if he was just happy or he had sealed some mega deal, but Eddy Kenzo late last week mesmerised fellow artistes and revellers at Gabbana Inn in Seeta. He ordered everyone to drink on his bill....
YOU all know Hellen Lukoma who acted in The Hostel as Patra. Well towards the end of the series, there was a mysterious new guy who came in and acted as her boyfriend in the show....
WORD reaching us is that Hon. Rebecca Kadaga is bracing herself for a mega party, organised by members of her clan, to congratulate her upon being elected as Speaker of Parliament....
AFTER a glamourous introduction by his fiancée Aisha to her family, Ronald Mayinja’s wedding plans might have hit a snag....
Should diplomatic passports issued to ex-govt workers be with drawn?
Yes
No
Can't Say
follow us
subscribe to our news letter