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Tycoon Kajoba Surfaces On Social Scene

Tycoon Kajoba Surfaces On Social Scene

Last year tycoon William Kajoba spent a lot of time in somber mood as he was always in and out court fighting for his properties that were about to be attached by banks over huge loans.

But by look of things, he is breathing a sigh of relief from his creditors. Last weekend he was spotted having a good time when he turned up for singer and MP Judith Babirye’s concert at Serena. Reports indicate that Kajoba had deserted social events because of huge loans that had stressed him a lot.

He is soon resuming attending social events which indicate that he is getting over with his loan pressure.

Kajoba had a debt of Shs8.3bn to the Kenya Commercial Bank which was about to attach his Rubaga Road based Hotel Sojovalo which he had staked as collateral security.

Kajoba, was also on the bailout list of the tycoons who were pleading to government for financial bailout so that they can still remain in business.

This post was syndicated from Red Pepper Uganda. Click here to read the full text on the original website.

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