Emin Pasha Hotel to be sold on October 10…unless owner clears Shs 34 bn loan
The High Court (Commerical Division) has given businessman Kennedy Losuk, 60 days to deposit Shs 10 billion in Equity Bank or have his properties, including Emin Pasha Hotel in Nakasero, sold off. The 60 days end on October 10, 2025. A couple of years ago, the owner of the hotel, Kennedy Losuk, borrowed billions from…