Financial woes facing Aya Bakery - the wheat company that is owned by Aya brothers could spell trouble for Uganda's 5-star Hilton hotel project still under construction.

The Sunrise can exclusively reveal that the Sudanese born Aya brothers - the force behind the Nakasero based 5 star- Hilton Hotel at Nakasero, are apparently suffering a financial hitch.
Under the said state of affairs, the family's Aya Bakery- which produces wheat flour and confectionaries- has already been attached and is under receivership.

Aya's woes emanate from its failure to pay Italian constructor, Roko, that was contracted in the past to build the hotel- one of which- had been lined up to accommodate CHOGM guests in 2007.
Roko successfully applied to the High Court's Commercial Division to put Aya Bakery under receivership for failure to pay billions of monies awarded to the construction company.

City lawyer Enoth Mugabi was appointed by court to oversee the day-to-day running of the bakery in order to recover the money the Aya family owed Roko Construction.
In a related development, the Aya's coffee exporting coffee, Pan Afrique faces attachment, following another court case, where yet another award worth billions of shillings was made against the said company. 

The Aya family, represented by Hamid Muhammad, the chairman of Hilton Hotel, has since appealed the monetary awards to Roko Construction in a bid to save their longtime investments.
City lawyer Didas Nkurunzizza is representing the Ayas, while Enos Tumusiime represents Roko Construction.

Aya's former lawyers, Kibeedi and Company Advocates has in the past attempted to attach the under-construction Hilton Hotel, after the investors failed to pay his fees.
The lawyers- who have since abandoned the Ayas- claimed they helped the investors to obtain funds from foreign banks to facilitate the construction of the hotel, which services the Ayas did not pay for.

It took the intervention of the President to stop Kibeedi from attaching the hotel facility on court's orders.
Kibeedi is still in court, seeking payment for services he rendered the Ayas. blog comments powered by Disqus

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