Block 15

Parliament Enacts Shs48.1 Trillion First Post-lockdown Budget

Parliament has passed the Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda. Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget. On recurrent expenditure, Ministry of Finance, Planning and Economic Development takes Shs2.3 trillion, Ministry…

Ruparelia Group Announces Rapid Growth Of Empire

Founded by Dr. Sudhir Ruparelia, the Ruparelia Group of Companies is a privately owned Ugandan company. As the largest home-grown business in Uganda, its boundary pushing market leadership began in the 1980s. Grown through years of painstaking adherence to excellence, the Ruparelia Group is responsible for the ownership of companies that feature unique brands which…

What Next For Sudhir & Staggering BoU, Two Months after Landmark Ruling in Crane Bank case

The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…

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