KAMPALA — Pearl of Africa Hotel, located atop Nakasero Hill is reportedly on the verge of collapse over bankruptcy.
This website has leant that the hotel has been closed for the last three days after power cut off— stalling works.
It is understood that Pearl of Africa has been under a lot of financial strain and power distribution company Umeme has been demanding over UGX800m in power bills.
Sources say it took the intervention of President Yoweri Museveni for the hotel which neighbours State House to continue being lit.
In order to force compliance, Umeme was forced to change to the pre—loaded Yaka system which the hotel has failed to maintain.
In 2019, Pearl of Africa Hotel was sued by Kampala City Council Authority for collecting and failure to remit local service tax and hotel tax to the tune of up to UGX. 50m.
Aya Brothers, the owners of the hotel had sought international investment and affiliation from world renowned hotel chains but they backed out.