TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a sharp reversal from the strong earnings momentum recorded in the previous year. The Group, which operates some of East Africa’s most prominent luxury and upscale lodges and city hotels, reported a loss after tax of KShs 16 million (UGX 448 million) for the first half of 2025, compared to a profit of KShs 696 million (UGX 19.49 billion) in the same period last year. The announcement, made in compliance with…
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The Court of Appeal has upheld a High Court decision ordering Imperial Royale Hotel, one of Kampala’s flagship luxury hotels, to refund government $1.46 million (about UGX 5.05 billion) and pay UGX 800 million in general damages, for what judges described as a fundamental breach of contract tied to preparations for the 2007 Commonwealth Heads of Government Meeting (CHOGM). In a unanimous ruling delivered on November 4, 2025, justices Moses Kazibwe Kawumi, Irene Mulyagonja, and Oscar John Kihika dismissed the hotel’s appeal in its entirety, bringing to a close one of the most enduring and controversial legal battles from Uganda’s…
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