News & Analysis- Page 214

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

by CEO East Africa Magazine

Agent Banking Company Rides on Uganda’s Agent Banking Wave to Post UGX 7.3 Billion in Revenue and UGX 2.8 Billion in Profit

Uganda’s Agent Banking Company (ABC), a shared industry platform established by the Uganda Bankers’ Association (UBA) in partnership with fintech firm Eclectics, delivered a strong financial performance in 2025, underpinned by rising transaction volumes and steady expansion across the country’s

April 25, 2026

by CEO East Africa Magazine

Protecting Uganda’s Sovereignty Without Undermining Its Economy

By Zianah Nyiramanza Muddu The Protection of Sovereignty Bill, 2026, speaks to a real concern. But,

One Year Since Rajiv Ruparelia’s Passing: Motorsport Fans to Honour Him with Memorial Drive

One year on, the engines will roar again—not for competition, but for remembrance—as Uganda’s motorsport community

Victor Ndlovu, the new Mastercard Country Business Development Lead – East Africa. Courtesy photo

Mastercard appoints Victor Ndlovu as Director, Country Business Development Lead, East Africa

Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa. In his new role, Victor is responsible for growing Mastercard’s regional footprint in the East Africa

May 27, 2021

Company News·News & Analysis

Equity Group MD & CEO Dr. James Mwangi (centre), Equity Group Board Chair Prof. Isaac Macharia (left) & Equity Group Executive Director Mary Wamae (right) discuss the quarter one 2021 results during the investor briefing. Equity Group has registered 54% growth in total assets to Ksh 1.07 trillion, 58% growth in customer deposits to Ksh 790.6 billion, 29% growth in loans to Ksh 487.7 billion & 67% growth in profit before tax to Ksh 11.7 billion. Courtesy photo

Equity Group withstands Covid-19; records 64% growth in Q1 2021 net profit

Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery. “Our strategy;

May 27, 2021

Company News·News & Analysis·The Big Story

Courtt has ruled that thecertificate of title for the suit land be returned to the family of the late Prince Badru Kakungulu. Courtesy photo

Rwenzori Bottling Company Limited sues two companies for fraudulent tenancy agreement

Beverage firm, Rwenzori Bottling Company Limited has sued two companies and individuals claiming for refund of more than UGX100 million paid to the accused as rent. It is alleged that Green Africa

May 26, 2021

Legal & Justice·News & Analysis

Sydney Asubo, the Executive Director of the Financial Intelligence Authority

Cryptocurrency operators defy call to register with intelligence agency

The Financial Intelligence Authority (FIA) has expressed frustration over failure by cryptocurrency operators to register with the government agency. Cryptocurrency trading, also known as mining, is a growing global wave which is

May 26, 2021

News & Analysis

Bank of Uganda Governor Emmanuel Tumusiime says financial institutions are free to decided on credit relief for their customers. Courtesy photo

Bank of Uganda issues licences to payment service providers Airtel Mobile Commerce Uganda Limited and MTN Mobile Money Uganda Limited

Bank of Uganda has commenced licensing of payment system operators, payment service providers and issuers of payment instruments. Payment service providers – also known as merchant service providers or PSPs – are

May 24, 2021

News & Analysis

A subscriber browses the Internet using a smartphone. Courtesy photo

DIGITAL TRENDS: Importation of smartphones in Uganda exceeds other devices propelled by growth in live streaming, heavy Internet usage

Uganda has of late seen rapid growth in the number of smartphone shipments into the country which have overtaken basic phones, due to a rising levels of internet usage in the nation.

May 24, 2021

Business & Markets·News & Analysis

Diana Komukama Ssempebwa(L), Marketing and Communications Manager, KCB Bank Uganda, Brian Muhindi (2R), Head of Finance, KCB Bank Uganda and Leah Mutali (R), Operations Manager, KCB Bank Uganda hand over a dummy cheque of UGX 7 million to Tim Erickson (C), the Executive Director, Cure Children's Hospital and Angelina Wapakhabulo (2L), Board Member of Cure Children's Hospital as a donation towards facilitating surgical operations for vulnerable children at Cure Children's Hospital in Mbale district. Courtesy photo

KCB Bank Uganda Donates UGX 7m towards Surgery of Vulnerable Children at CURE Hospital

As part of the bank’s annual tradition and Corporate Social Responsibility (CSR) programme, KCB Bank Uganda has reached out a hand of hope by donating UGX7 million to CURE Children’s Hospital of

May 24, 2021

Company News·News & Analysis

Henry Mambwe, the new Biyinzika Poultry International’s Chief Executive Officer. Courtesy photo

Henry Mambwe appointed Biyinzika Poultry International’s Chief Executive Officer

Poultry and feeds company, Biyinzika Poultry International (BPIL) has appointed Henry K. Mambwe as its Chief Executive Officer, effective 19th May 2021. Prior to his appointment, Mr Mambwe served with BPIL as

May 24, 2021

Company News·News & Analysis

Standard Chartered Bank Uganda offices — Standard Chartered bank Uganda. The bank will now pay UGX15 million in damages for illegally debiting a client's account. PHOTO/Courtesy

Banks shifted from loans to debt markets during Covid-19 pandemic, got bigger

The Covid-19 pandemic saw a rise in bad debts and provisions for loan losses. But this had little effect on balance sheets as banks turned from loans to other assets

May 23, 2021

Banking & Financial Services·News & Analysis·The Big Story

President Yoweri Museveni gives a thumbs up to the Uganda Airlines crew. Courtesy photo

Museveni Thrilled with Uganda Airlines Flying Experience

President Museveni has lauded Uganda Airlines after flying with the national carrier yesterday on his way to Tanzania to sign oil agreements. On his twitter handle, the President said: “I had not

May 21, 2021

Company News·News & Analysis

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