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Originally published by The Kenyan Wall Street
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business
September 12, 2025
5h ago

Court Orders Coffee Firm’s Guarantors to Repay KCB Uganda More than US$1.1 Million

Court Orders Coffee Firm’s Guarantors to Repay KCB Uganda More than US$1.1 Million

KCB Bank Uganda has won a major case against the shareholders of Great Lakes Coffee Company..

✨ Key Highlights

The High Court in Kampala has ordered the guarantors of Great Lakes Coffee Company to repay KCB Bank Uganda over US$1.1 million, plus interest and costs, following the company's receivership. The ruling by Justice Susan Odongo affirmed the binding nature of personal guarantees signed by the shareholders.

  • US$1.1 million: Amount the guarantors were ordered to repay KCB Bank Uganda.
  • KCB Bank Uganda: The financial institution that won the case against Great Lakes Coffee Company's guarantors.
  • October 2024: The Ugandan government approved a 5.5 billion Ugandan Shillings bailout for Great Lakes Coffee Company, drawing public criticism.

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