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TodaySunday, May 10, 2026

News & Analysis- Page 65

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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UNOC's Chief Executive Officer, Ms. Proscovia Nabbanja (2nd right) receives the petroleum products importation license from Daniel Kiptoo Bargoria (centre), the Director General of the Energy and Petroleum Regulatory Authority (EPRA).

Kenya grants Uganda petroleum products import license, as two trade frenemies bury yet another hatchet 

The government of Kenya, through its energy sector regulators, the Energy and Petroleum Regulatory Authority of Kenya (EPRA) has finally granted the the Uganda National Oil Company (UNOC) a petroleum products importation
March 29, 2024
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Kihara Maina, the I&M Group PLC, Regional CEO said that the 2023 performance is a clear affirmation that the iMara2.0 strategy which came to an end in 2023 after three years, has delivered remarkable year-on-year results.

I&M Group Plc 2023 grew by 15% to reach a record KES13.3 billion 

I&M Group PLC has recorded a Profit After Tax of KES 13.3 billion (approximately UGX390 billion; over USD101 million) for the year ended 31st December 2023. This is a 15% increase from
March 27, 2024
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Michael Mugabi, Managing Director of Housing Finance Bank, speaks at the Housing Finance Bank organised Vehicle and Asset Financing (VAF) Partners’ Forum.

Housing Finance Bank roots for collaboration to ease vehicle and equipment leasing 

To meet the growing demand for vehicles and equipment leasing, especially by businesses, Housing Finance Bank has called for a closer collaboration by ecosystem players such as financiers, asset vendors, independent leasing
March 27, 2024
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Martin Tiffen (with hand pointing), the EACOP Managing Director shows an insulated pipeline to Ruth Nankabirwa (left), the Ugandan Minister of Energy & Mineral Development (MEMD) and Hon. Dr. Doto Mashaka Biteko (2nd left), the Deputy Prime Minister and Minister for Energy, United Republic of Tanzania. This was during the launch of the Thermal Insulation Plant/Workshop in Sojo, Nzege in the Tabora Region of Tanzania, on March 26th 2024.

East Africa’s crude oil pipeline gets a boost as thermal insulation plant gets launched and two key land lease and ports agreements signed 

Commercial efforts by Uganda to extract and commercialise her oil and gas resources received a major boost this week as the East African Crude Oil Pipeline (EACOP) Ltd on 26th of March
March 27, 2024
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Left to Right: Ronald Makata, the Chief Finance and Value Management Officer (CFVMO) Stanbic Bank Uganda, Anne Juuko, the outgoing Stanbic Bank Chief Executive and Francis Karuhanga, the Chief Executive, Stanbic Uganda Holdings Limited (SUHL).

Stanbic Uganda Holdings net profits hit UGX412 billion on the back of innovative lending

Stanbic Uganda Holdings Limited (SUHL), a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit after tax of UGX412 billion for the period ending December 2023
March 25, 2024
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Godfrey Sebaana is a seasoned Banker with over 20 years of multi-discipline banking experience that spans global and local corporates, SMEs and retail banking 3

Diamond Trust Bank Uganda names Godfrey Sebaana as its new CEO and Managing Director

The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has named Godfrey Sebaana, a seasoned banker with over twenty years of experience, as its new Chief Executive Officer and Managing
March 25, 2024
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The governing board of the Uganda Chamber of Mines and Petroleum (UCMP) and the Petroleum Authority of Uganda Officials shortly after a recent meeting to discuss issues on how National Participation of Ugandan companies can be enhanced in the oil and gas sector.

UGX 7 trillion approved for Ugandan firms in the oil and gas sector

In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of this sum,
March 22, 2024
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