27/07/2026
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By DailyNewsUg Correspondent
π One of Kampala's most iconic nightlife establishments, Club Ambiance, is facing the auctioneer's hammer after Centenary Bank commenced recovery proceedings against properties linked to city businessman Joseph Kiyimba over an alleged multi-billion shilling loan default.
π According to a public auction notice, Centenary Bank instructed Banu General Agencies, licensed auctioneers and bailiffs, to sell properties belonging to Ambiance Distillers Limited after the company reportedly failed to meet its loan repayment obligations.
π Among the properties listed for sale is the famous Club Ambiance in Bakuli, Nakulabye, one of Kampala's best-known entertainment venues that has hosted thousands of revellers and top local and international artistes for decades.
π The notice states that the auction will proceed under the Mortgage Act, 2009, unless the borrower clears the outstanding principal loan, accumulated interest and all recovery costs within the stipulated period. Occupants have also reportedly been directed to vacate the affected premises ahead of the planned sale.
π The properties include two prime commercial plots in Nakulabye measuring approximately 0.106 hectares and 0.147 hectares, on which Club Ambiance and related businesses operate.
π Joseph Kiyimba built the Ambiance Group of Companies, with interests in entertainment, beverages, hospitality, education, forestry and real estate. Club Ambiance became one of Uganda's most recognizable nightlife brands before the hospitality industry suffered major setbacks during the COVID-19 pandemic.
π If the outstanding debt is not settled before the auction, the foreclosure could bring the curtain down on one of Kampala's most legendary entertainment venues.
π₯ FROM PACKED DANCE FLOORS TO THE AUCTION BLOCK β CLUB AMBIANCE NOW FACES THE BIGGEST BATTLE IN ITS HISTORY.