26 February 2010

Uganda: Shumuk Buys Emerald Hotel

Kampala — Mukesh Shukla, the man behind Shumuk Investments, has previously clashed with businessman and Pakistan consulate in Uganda, Bonny Katatumba, over Hotel Diplomate.

However, even before the dust has settled, we have learnt that Mukesh has now taken over the new and swanky Emerald Hotel on Bombo Road near Bat Valley, for sh5b.

Shumuk deals mainly in Steel and Aluminium in Uganda and Rwanda but is now also into the real estate business.

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