News & Analysis- Page 36

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
Left-Right: EU Ambassador to Uganda, H.E. Jan Sadek; Private Sector Foundation Uganda (PSFU) Chairman, Humphrey Nzeyi; Hon. Matia Kasaija (Minister of Finance, Planning, and Economic Development); Hon. Francis Mwebesa (Minister of Trade, Industry, and Cooperatives) and Hon. Phiona Nyamutoro (Minister of State for Mineral Development) at the meeting.

EU Envoy Jan Sadek, PSFU’s Nzeyi, and Ministers Kasaija, Nyamutoro, and Mwebesa Push for Deeper EU-Uganda Mineral and AgriTech Trade

Uganda and the European Union (EU) have deepened their commitment to strengthening trade and investment ties, focusing on Agricultural Technology (AgriTech) and Sustainable Mining as key drivers for economic growth. The Uganda-EU
February 20, 2025
Engineers Registration Board (ERB) leaders. From top row; Board Chairman- Prof. Eng. Henry Alinaitwe Mwanaki (Civil), Vice Chairperson- Eng. Achola Patricia Ocan (Civil). Members- Eng. Dr. Harrison E Mutikanga (Electrical), Eng. Joan Kayanga Mutiibwa (Civil). Eng. Tutu Cara Tibaleka (Electrical) Brig. Gen. Eng. Besigye Cyrus Bekunda (Mechanical) Eng. Kenneth Magembe (Civil), Registrar- Eng. Namugera Ronald (Civil).

Uganda sets tough certification rules for foreign engineers 

The Engineers Registration Board (ERB) is set to enforce a rule requiring all foreign nationals involved in engineering projects to register and obtain ERB certification within four months of their arrival in
Justice Ssekaana ruled that while banks have a duty to ensure compliance with anti-money laundering regulations, they must do so within the confines of the law and reasonable due diligence. The judgment noted that Equity Bank did not report the transaction to the FIA within the legally mandated 48-hour window but only did so 16 days later, after legal action had commenced.

Ugandan Court Faults Equity Bank for Freezing Client’s UGX85 Million

In a ruling that could redefine customer-bank relationships in Uganda’s financial sector, the High Court of Uganda has found Equity Bank Uganda Limited guilty of unlawfully freezing a customer’s account, a decision
February 14, 2025
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