Aya boss’ option exhausted, must pay sh614b debt
Court documents indicate that between 2007 and 2017, Aya and IDC entered into various financial credit agreements to finance the construction of the Pearl of Africa Hotel (now Win 5 Hotels and Spa).
PREMIUM News
All Aya boss Muhammed Hamid’s three attempts have yielded zilch.
By NewVision Reporter
Journalists @NewVision
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The bid by Aya Investment Uganda Limited to disentangle itself from a sh614b legal trap has failed, with the latest directive from the Court of Appeal