Monthly Archives: November, 2022

Meet Rajiv Ruparelia; One of The Youngest Richest Ugandans Who Will Inspire You To Work Hard

Just like his billionaire father Dr. Sudhir Ruparelia, Rajiv Ruparelia was born in Uganda on January, 2nd, 1990. He is a graduate of Financial Management from Regents College London. Rajiv manages several family businesses. He is currently serving as the Managing Director of the Ruparelia Group and he is responsible for developing sound business strategies…

“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans

Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…

Parliament Approves UGX1.2 Trillion Loan For Electricity Connections

The Parliament of Uganda has approved another request by the Government to borrow up to US$331.5 million approximately Shillings 1.242 trillion from the International Development Association– IDA of the World Bank Group to support the electricity access scale-up project. The legislators passed the unanimous resolution following a motion moved by the Minister of State for…

Countering Climatic Change: How ERA’s Lower Power Tariffs Reduce Use Of Firewood, Charcoal

In a bid to counter the adverse impact of climatic change in Uganda, power regulator Electricity Regulatory Authority (ERA) in December 2021 introduced a Cooking Tariff known as Declining Block Tariff, which would enable domestic consumers connected on the national power grid to use electricity for cooking, instead of charcoal and firewood. The main objective…

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