News & Analysis- Page 62

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

The ROI of Resilience and Why dfcu Bank and Rotary Are Scaling Impact Together

By Jimmy D Mugerwa, Chairman Board of Directors, dfcu Limited Three days at DISCON 101 and

aBi Finance and Partners launch landmark initiatives to advance sustainable finance standards in Uganda

aBi Finance, together with key sector partners, has launched two transformative initiatives to strengthen sustainability standards

Musa Jallow, Retail and Business Banking Director, Absa Bank Uganda and Joseph Odole, Country Manager, DHL Uganda launch the partnership.

Absa Uganda and DHL partner to support 800 SMEs access export markets

DHL, a global leader in the logistics industry has announced its collaboration with Absa Bank Uganda for the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The purpose of the programme is to

May 10, 2024

Company News·News & Analysis

Bank of Uganda Deputy Governor, Dr. Michael Atingi-Ego (2nd right) hands over the Best Performing Primary Dealer Market Maker (PDMM) award to Standard Chartered Bank Uganda CFO, Kelvin Musana (2nd left). With them is Oscar Muwanga (right), the Principle, Rates and Credit Trading and Lydia Nakamya (right), the bank's General Manager, Affluent Banking and Wealth Management.

Standard Chartered Bank Uganda Named Best Performing Government Securities Primary Dealer of 2023

The Bank of Uganda has awarded Standard Chartered Bank, the Best Performing Primary Dealer Market Maker (PDDM)of the year for the year ending September 2023. The Primary Dealer Market Makers system was

May 9, 2024

Banking & Financial Services·Company News·News & Analysis

The Ruparelias extend Ugandan real estate leadership with USD6 milion acquisition of Lotis Towers

Dr Sudhir Ruparelia and his wife Jyotsna Ruparelia- the billionaire couple have extended their leadership in Uganda’s real estate space with their recent acquisition of Lotis Towers in Kampala’s upscale leafy Nakasero

May 8, 2024

Company News·News & Analysis

Charity Winnie Kamusiime with receives documents form the Outgoing President David Balikuddembe.

Winnie Kamusiime to lead new secretariat as elected President of Uganda Marketers Society

The Uganda Marketers Society has unveiled Charity Winnie Kamusiime – Asiimwe as the elected President who will equally preside over a newly inaguarated secretariat comprising other 9 directors. The new secretariat was

May 7, 2024

Company News·News & Analysis

New ICT Innovation Hub at Muni University set to benefit West Nile entrepreneurs

The Ministry of ICT and National Guidance Permanent Secretary, Dr Aminah Zawedde has launched the West Nile regional ICT Innovation Hub at Muni University in Arua city which is set to boost

May 6, 2024

News & Analysis

GEORGE ARODI⎮A Predictable Policy Environment is Good for Investment Growth in Manufacturing

As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later grow to

May 6, 2024

Business & Markets·News & Analysis·Thought Leadership

ABI LAUNCH: (L-R) Jan Sadek, EU Ambassador to Uganda, Dr. Henry Nakalaet Opolot, the Commissioner Extension and Skills Management Services, Signe Winding Albjerg, Danish Ambassador to Uganda, Moses Nyabila, the Chief Executive Officer of aBi Development Ltd and Felix Okoboi, the Board Chairperson of aBi Development & Finance during the official signing and launch of the new programs the Green Agrifood System Programme (GRASP) & Accelerating Adoption of Green and Inclusive Finance (AAGIF)

aBi announces UGX 67 billion investment to boost climate-smart agriculture in Uganda

Agricultural Business Initiative (aBi) has unveiled its five-year business plan to drive green, inclusive economic transformation and combat the climate crisis by launching two groundbreaking programmes that renew their commitment to accessible

May 3, 2024

Company News·News & Analysis

Anthony Kituuka, the Equity Bank Uganda Managing Director

STEADFAST AND RESILIENT: Equity Bank Uganda consolidates position among top 5 banks, despite a one-time provisioning-related loss in 2023

With key growth in other investments, Equity Bank registered an 11.1% growth in assets- from UGX3.374 trillion to UGX3.748 trillion- a growth of UGX374.1 billion. This allowed the bank to move from

May 1, 2024

CEO Perspectives·News & Analysis·The Big Story

Housing Finance Bank Managing Director, Michael K. Mugabi

2023: Housing Finance Bank tops industry in deposits growth; earns UGX65.1 billion in net profit

Housing Finance Bank in 2023 became the fastest-growing bank by customer deposits, beating off all its rivals in the top 10 banks segment, including all 6 Domestic Systemically Important Banks (DSIBs), which

April 30, 2024

Company News·News & Analysis·The Big Story

UK Government declares asset freeze and travel ban on Uganda Parliament Speaker and 2 other ex- ministers

The United Kingdom’s Deputy Foreign Secretary, Andrew Mitchell, has today announced sanctions on high profile Ugandan politicians including Parliament Speaker Anita Among and two former Karamoja ministers- Mary Goretti Kitutu and Agnes

April 30, 2024

News & Analysis·The Big Story

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News & Analysis- Page 62

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

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

The ROI of Resilience and Why dfcu Bank and Rotary Are Scaling Impact Together

aBi Finance and Partners launch landmark initiatives to advance sustainable finance standards in Uganda

Absa Uganda and DHL partner to support 800 SMEs access export markets

Standard Chartered Bank Uganda Named Best Performing Government Securities Primary Dealer of 2023

The Ruparelias extend Ugandan real estate leadership with USD6 milion acquisition of Lotis Towers

Winnie Kamusiime to lead new secretariat as elected President of Uganda Marketers Society

New ICT Innovation Hub at Muni University set to benefit West Nile entrepreneurs

GEORGE ARODI⎮A Predictable Policy Environment is Good for Investment Growth in Manufacturing

aBi announces UGX 67 billion investment to boost climate-smart agriculture in Uganda

STEADFAST AND RESILIENT: Equity Bank Uganda consolidates position among top 5 banks, despite a one-time provisioning-related loss in 2023

2023: Housing Finance Bank tops industry in deposits growth; earns UGX65.1 billion in net profit

UK Government declares asset freeze and travel ban on Uganda Parliament Speaker and 2 other ex- ministers

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