Block 7
“Business Opportunities Are Many In Uganda”- Says Museveni As He Welcomes More Indian Investments
President Yoweri Kaguta Museveni has requested Indian business people to invest more in Uganda, saying the East African country has several investment opportunities in different sectors. While officiating at the opening of Afro Indian Investment Summit 2022 and the centennial 100 years celebration of Indian Association Uganda on Thursday at Munyonyo Commonwealth Resort Hotel in…
“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…
Museveni Warmly Welcomed In Vietnam As He Kicks Off 3 Day State Visit
The President of the Republic of Uganda Yoweri Kaguta Museveni has arrived in the Socialist Republic of Vietnam for a three-day state visit at the invitation of his counterpart President Nguyễn Xuân Phúc. At Noi Bai International Airport in Hanoi, the capital of Vietnam, H.E Museveni was received by the Chairman Office of the President…
Parliament Receives Special Audit Report On COVID-19 Spending
The Speaker of Parliament, Anita Among, has asked the Office of the Auditor General to shift focus to value for money audits, which she said makes more accountability sense in light of the shift to a programme-based approach to budgeting. Speaker Among was meeting the Auditor General, John Muwanga, who presented to her a report…
Govt Halts UGX4 Billion Compensation Package For Bush War Veterans
The government has halted the Shillings 4 billion compensation to veterans pending a probe into reports of fake claimants. For decades, the government has been paying veterans for their contribution to the National Resistance Army war of 1981-1986 that ushered in the current regime. However to date, hundreds of veterans are waiting patiently for their…
Parliament Moves To Investigate Errant Labour Export Companies
The Speaker of Parliament, Anita Among, has tasked the Committee on Gender, Labour and Social Development, to work with the line ministry to investigate companies involved in the export of labour to the Middle East. This follows the rampant and unclear deaths of many casual labourers, especially girls working in the Middle East. The Woman…
Full List of World Cup Matches That UBC TV Will Broadcast
UBC TV Uganda has released the list of 28 of 64 Qatar World Cup 2022 matches that they will telecast live. The national broadcaster will relay eight matches on each of match day 1, 2 and 3; half the matches of the Round of 16 and quartefinals; and most importantly, will have all the semifinal…
Why Sudhir’s Lawyers Want Crane Bank Returned To It’s Original Share Holders
In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open under statutory management until most of its assets and liabilities would be transferred…
Inside The Supreme Court Decree That Directs Helpless BoU To Pay Costs To Sudhir, Meera Over Bogus Crane Bank Case
Last Month, the Supreme Court of Uganda issued an official decree directing Bank of Uganda to pay costs to businessman Sudhir Ruparelia and his Meera Investments Ltd following its February 11th 2022 landmark ruling in the Crane Bank case. In the 1st July, 2022 order, the Supreme Court also told Bank of Uganda to return…
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…