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TodayThursday, May 07, 2026

News & Analysis- Page 53

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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A rendering of the Bugesera International Airport, 40kms from Kigali. At a cost of $2bn, Rwanda envisions the new airport as a hub for aviation in Africa.

Rwanda’s New Ambitious $2Bn International Airport’s Ground-level Works 85% Complete.

The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed by Aviation
July 22, 2024
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The African Union logo is seen outside the AU headquarters building in Addis Ababa, Ethiopia, November 8, 2021. REUTERS/Tiksa Negeri

A Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and minerals. This
July 22, 2024
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Martin Tiffen, Managing Director EACOP together with Professor Barnabas Nawangwe Vice Chancellor Makerere University signing an MOU between the two entities University to support implementation of oil and gas National Content Initiatives.

EACOP signs MoU with Makerere University to build local capacity in oil and gas sector

Makerere University students are set to benefit from a Memorandum of Understanding (MoU) signed between officials of the university and The East African Crude Oil Pipeline, on behalf of its contractors and
July 17, 2024
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District Fisheries Officers from Masaka, Mukono, Buikwe and Jinja Receive the Baseline report

UCC-funded e-booster program moves to bring financial inclusion through digitisation of SACCOS amongst Uganda’s underserved fishing communities

A Uganda Communications Commission (UCC) funded project dubbed the e-booster Program has begun to bear fruit. The project, which is under the Uganda Communications Universal Service and Access Fund (UCUSAF) is aimed
July 13, 2024
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Maj. Gen Sabiiti Muzeeyi. General Manager - Luwero Industries Ltd. NEC, handing over the award to Barbara Dokoria (R) the Stanbic Bank Ag. Executive Director, Looking is Diana Ondoga the bank's head of Corporate Social Investments.

NEMA awards Stanbic Bank for environmental protection

Stanbic Bank Uganda Limited has been recognized by the National Environment Management Authority (NEMA) for its proactive efforts to promote environmental protection and preservation through adoption of innovative technologies and implementation of
July 12, 2024
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