Former Masaka city tycoon Emmanuel Lwasa, now crippled with debts has officially confirmed that his famous Club Tavern Kick plus the entire building housing it, is up for sale as he’s ready to revive himself.
Speaking in a TV interview, Lwasa opened up on his long financial battle that started when he secured a loan of over Ugx 600 million from Equity Bank, confident he would pay it back in time but then COVID-19 hit, businesses shut down, and revenue dried up.
According to Lwasa, Masaka party animals made it worse by drinking on credit and disappearing into the night like ghosts without paying first and when the pressure mounted, he reached out to President Museveni, who reportedly promised to help him clear the loan during the opening of a mosque in Lwengo.
A minister was assigned to him but that is where everything ended. No follow-up. No relief. The bank continued tightening the rope.

Lwasa also revealed that his recent conversion to Islam is part of the reason he can’t keep the club running. Managing a bar, he says, contradicts his new beliefs, making it spiritually uncomfortable for him to continue operating a nightclub.
“I changed religion, and I find it hard to keep running the bar. Another thing is that I have a massive bank debt. The president promised to help, but I don’t know what happened. The bank is on my neck,” Lwasa explained.
Bank takes over businessman Emmanuel Lwasa’s Tavern Kick Club in Masaka after failing to pay the acquired loan. pic.twitter.com/eUwHoh2YQF
— Exclusive.Bizz (@Exclusive_Bizz) March 21, 2024