Kampala city tycoon Hamis Kigundu aka Ham is set to inject shs 20bn into youths SACCOs as a measure to develop themselves.
Hamis Kigundu made this revelation on Monday 05th/10/2020, following adjournment of commercial court’s ruling case between Hamis Kigundu Vs Diamond Trust Bank (DTB) to 07th/10/2020. Hamis Kugundu dragged DTB to court accusing it to remove Shs120bn from his account which he says is/was wrong, illegal and unlawful.
Recently, the same court halted DTB bank to proceed with auditing Hamis’ s business of the ground that, the case is still in court for auditing to take place which is wrong.
“Am sure I will win this case and now I have trust in our court, because I have so far won DTB at least 30%,” he said.
Hamis also disclosed that, if all goes well in court and wins the case, he is to inject sum of She20bn in SSACCOs owned by his fellow youths because they are currently struggling to earn a living.
Court set 07th/10/2020, as a date to give its final ruling.
Asked to talk about on the updates of redevelopment of Nakivubo War Memorial Stadium, Hamis said that, currently the site is employing 800 employees, and the stadium will have sitting capacity of 35,000, after its completion.
“We expect the work to take between 12-18 months from now, and it will be one of the best stadiums in East Africa not only in Uganda,” he said.
He said that, the stadium will also use other sports departments/organs like basketball, net ball, Luddo, among others including a hotel to also help accommodate guests and conducting other activities. In the same vein Hamis articulated that, Covid 19, pandemic has some how affected the site which led them to first halt the work, but they resumed to operate normally to ensure its completion successfully.
” We work day and night to ensure the completion is done in the designated time so that the stadium resumes to operate normally,” he added.
However Hamis expressed his grievances over his fellow Ugandans whom he said they are against development saying they attack him specifically via social media commenting him as a person who is joking with the redevelopment of this stadium.
One of the Engineers on the site who identified himself as Ashaba Aineya from Rock Construction Company limited, said that the stadium is on FIFA specifications and it will have 105 meters length and 68 meters width adding that, they have so far built 33% if the work and within the next few months, the stadium will be ready and completed.
Brief Notes About Nakivubo.
Nakivubo War Memorial Stadium, commonly referred to as Nakivubo Stadium, was a multi-purpose stadium in Kampala, Uganda. It was previously used mostly for football matches and served as the home venue of SC Villa. The stadium had a capacity of 30,000 people, after the 2013 renovations, but prior to the ongoing 2017 renovations. It is Expected to have a capacity of 35,000 upon completion of the ongoing works.
