Magoola’s Shs 723bn venture faces fresh storm as bank moves to sell his properties
National News
8 min read
54

Magoola’s Shs 723bn venture faces fresh storm as bank moves to sell his properties

November 5, 2026
0

A 20-acre industrial establishment in Matugga, an operational wheat milling plant in Luzira, a hospital in Kitende and several commercial and residential properties belonging to businessman Dr Mathias Magoola and companies associated with him are facing sale over unpaid bank loans. The proposed disposal has brought renewed attention to the

Continue Reading