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TodayWednesday, May 06, 2026

News & Analysis- Page 196

Hotel Margherita is located at the foothills of the Rwenzori Mountains and has over time served both business and leisure travellers visiting the region.

Kasese’s Landmark Hotel Margherita Faces Auction as Reco Industries Assets Head for the Hammer Over Debt Default

One of Kasese’s most prominent hospitality assets, Hotel Margherita, is on a countdown to the auctioneer’s hammer after a debt recovery process was initiated by a financial institution against Reco Industries Limited.
April 25, 2026
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Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda. He says some firms reported that they had been able to secure new customers over the month, thereby leading to higher new orders

Private sector records jobless growth in September – Stanbic study

Business sentiment in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline
October 6, 2021
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Following a lengthy court process that exposed both the incompetence of the legal team at the central bank and the massive flaws within its regulatory practices especially in the way several banks were taken over, closed and sold, under Mutebile’s watch or lack thereof, the central bank’s much publicised case against the billionaire businessman has crumbled like a pack of cards. It remains to be seen how much more the central bank will lose in terms of legal costs.

FINITO: BoU case against Dr. Sudhir Ruparelia suffers its worst defeat as Supreme Court declares move to liquidate Crane Bank (In Receivership) illegal

Just weeks after Bank of Uganda withdrew its UGX397 billion Supreme Court case against Dr. Sudhir Ruparelia and his Meera Investments Limited, today the Supreme Court handed the central bank, yet another
October 4, 2021
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David Mparutsa, Head of enterprise & supply chain development at Absa regional operations. He notes that once local content capacity is built, it is imperative for local companies to access financing

Capacity Building Needed to Facilitate Local Content in Oil Sector

Capacity building has become a core issue in preparing local content companies to take advantage of the upcoming investments of US$20 billion within the oil and gas industry of Uganda. Many developing
October 4, 2021
URSB Registrar General, Mercy Kainobwisho displays the MoU document together with Stanbic Business Incubator Chief Executive Tony Otoa after the signing.

URSB, Stanbic Business Incubator to Support 500 SMEs Annually

The Uganda Registration Services Bureau (URSB) and the Stanbic Business Incubator (SBIL) have signed a Memorandum of Understanding (MoU) which will see 500 micro, medium and small enterprises (MSMEs) trained and supported
October 2, 2021
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