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TodayFriday, May 08, 2026

News & Analysis- Page 66

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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This 20MW solar power plant in Kabulasoke, Gomba District in Central Uganda is subject to a commercial dispute between Great Lakes Energy Company NV (Great Lakes), a Dutch-registered company, that invested more than USD20 million in Ms Xsabo Power Limited, the plant developer. Dr. David Alobo (inset) the Xsabo Founder & CEO/Managing Director was found by the London Court of International Arbitration (LCIA) to have fraudulently taken away Great Lakes shares in Ms Xsabo Power Limited and misappropriated company funds. Despite the LCIA findings and orders Great Lakes Energy Company NV is yet to get the local courts to enforce the arbitral awards.

Recent big-ticket commercial disputes ⏤ does Uganda risk losing its investment destination mojo?

East Africa is the fastest-growing economic region on the continent. In 2022, Uganda, Kenya and Tanzania attracted over USD13.3 billion worth of foreign direct investment (FDI). This is according to the latest
March 18, 2024
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Left-Right: The key PostBank brains behind the Wendi mobile wallet ⏤ Andrew Kabeera, Executive Director and Chief Digital Financial Services Officer; Kasozi James, Head of Digitization & Innovation; Flavia Nabukeera Kawuma, Head of Mobile Banking; Priscilla Akora, Head of Marketing and Communications and John Paul Miiro, Head Change and Project Management Office.

Digital Banking Transformers: Meet the PostBank Uganda team behind the award-winning Wendi Mobile Wallet

In one of his very first media interviews, Julius Kakeeto, the transformational PostBank Uganda (PBU) Chief Executive Officer, told CEO East Africa Magazine that his mid-term agenda was to transform the government-owned
March 18, 2024
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Absa Bank, Stanbic Bank, Citi, Ecobank, UBA Bank, dfcu Bank, Standard Chartered and Airtel Money (Airtel fintech sister company) are Airtel Uganda's key financiers.

BIG SIZE: Who are the big banks financing Airtel Uganda? 

It was the famous personal finance guru, Robert Kiyosaki, of the “Rich Dad Poor Dad,” book fame, that coined the “Other People’s Money (OPM)” mantra, advancing that, to turbocharge growth, one need
March 16, 2024
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