{"id":52,"date":"2011-04-29T12:30:37","date_gmt":"2011-04-29T12:30:37","guid":{"rendered":"https:\/\/new.igihe.com\/umubano-hotel-operations-normal-caretaker\/"},"modified":"2011-04-24T09:45:18","modified_gmt":"2011-04-24T09:45:18","slug":"umubano-hotel-operations-normal-caretaker","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/umubano-hotel-operations-normal-caretaker\/","title":{"rendered":"Umubano Hotel operations normal-Caretaker"},"content":{"rendered":"

After the enforcement of the UN resolution which declared a freeze of funds, financial assets and economic resources owned and controlled by the Libyan authorities, the government has taken full control of Hotel LAICO-UMUBANO<\/span> and rebranded it to UMUBANO<\/span> HOTEL.<\/p>\n

In an interview with Igihe<\/span>, the caretaker of the hotel, Rosemary Mbabazi<\/span>, noted that operations at the hotel remained normal as the government seeks a professional firm to run the establishment.<\/p>\n

\u201cWe want to tell the public that the hotel is running well as usual and will remain operational, and in any case, we aim to offer better services,\u201d Mbabazi<\/span>, who is also the chairperson of the Board said.<\/p>\n

Sources privy to the ongoing saga affecting the Libyan investments in the country indicate that even before the UN move, the Libya Africa Investment Company commonly known as LAICO<\/span> had failed to honour<\/span> its pledge to raise US $25million<\/span> to renovate the hotel and increase room capacity from 100 to 166.<\/p>\n

The sources further indicated that LAICO<\/span> had been financially crippled even before the UN resolution, as the government of Rwanda sought for another investor to take over the operations of the hotel.<\/p>\n

\"Laico<\/figure>\n<\/p>\n

LAICO<\/span> took over the running of the hotel through SOPROTEL<\/span> SARL<\/span>, a joint shareholding<\/span> with the government of Rwanda. The Libyan government held 60 percent of shares while the Rwandan government held the remaining 40 percent.<\/p>\n

As the majority shareholder, LAICO<\/span> took over the management of the Hotel with Mr. Hussein Omrani<\/span> appointed as SOPROTEL\u2019s<\/span> Managing Director while Mr. S.Hameeuw<\/span>, was appointed as the Managing Director of the LAICO<\/span> management Company. The two people have since been relieved of their duties since the government effected the the UN resolution.<\/p>\n","protected":false},"excerpt":{"rendered":"

After the enforcement of the UN resolution which declared a freeze of funds, financial assets and economic resources owned and controlled by the Libyan authorities, the government has taken full control of Hotel LAICO-UMUBANO and rebranded it to UMUBANO HOTEL. In an interview with Igihe, the caretaker of the hotel, Rosemary Mbabazi, noted that operations […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"byline":[278],"hashtag":[],"class_list":["post-52","post","type-post","status-publish","format-standard","hentry","category-business","byline-joram-muhoozi"],"bylines":[{"id":278,"name":"Joram Muhoozi","slug":"joram-muhoozi","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":278,"name":"Joram Muhoozi","slug":"joram-muhoozi","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=52"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=52"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=52"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=52"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}