Browsing: Business

Greatness : UIA Wins International Award To Boost Investment In Uganda

The Uganda Investment Authority (UIA) has bagged the prestigious Go Global Awards for its distinguished efforts in making Uganda the number one investment destination in the continent. The UIA Director General, Robert Mukiza received the news of the award, which has enhanced the country’s investment outlook, from Nina Escarda, the Senior Trade Commissioner of the…

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Battling Soaring Prices: The EU’s Fight Against Inflation

Inflation is casting a long shadow over the EU, with rates surpassing 3 percent. The path ahead involves striking a balance between controlling inflation and fostering economic resilience. Inflation, the relentless rise in prices, has become a central concern within the European Union. With inflation rates breaching the European Central Bank’s (ECB) target of around…

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Stanbic Bank To Offer Free Financial Literacy Training To Prison Officers

Prison Officers and their spouses will get free financial literacy courtesy of Stanbic Bank Uganda. This transformative training lunched on Wednesday is aimed towards enhancing their personal economic progress. The programme follows discussions between Johnson Byabashaijja, the Commissioner General of Uganda Prisons and Anne Juuko, the Stanbic Chief Executive. Israel Arinaitwe, the Head of Private…

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Why Court Directed DFCU to Pay Sudhir UGX2.4 Billion, Return All His Properties

A declaration that there are no valid leases in respect of the properties. The said leases are therefore declared to be invalid and absolutely determined on account of breach and illegality. A declaration that the occupation and continued utilization of the suit properties by the first defendant constitutes trespass. That was the October 24 ruling…

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Inside Tycoon Sudhir’s Windsor House; a High-tech Grade A Office in Kololo

Uganda’s top property mogul, Dr Sudhir Ruparelia through Meera Investments Limited (MIL), one of Uganda’s largest Real Estate Developers, has yet again unveiled a magnificent property; the Windsor House in Kololo aimed at catering for the high demand for grade-A offices in the prime Kampala’s urban neighbourhood. MIL is the property development arm of the…

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Dfcu Bank Ordered To Vacate All Sudhir’s Properties Within 3 Months 

In a groundbreaking verdict, dfcu Bank has been directed to vacate a set of prime properties owned by Mera Investments within the coming three months. Mera Investments is owned by prominent businessman Sudhir Ruparelia. This momentous ruling was issued by Justice Tadeo Asiimwe, a distinguished Land Division Judge at the High Court, following an extended legal…

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Sudhir’s Meera Investments Slaps UGX32 Billion Rent Arrears To Staggering DFCU, Illegally Occupying Crane Chambers Building

Business tycoon Sudhir Ruparelia demands Dfcu Bank, the financial institution that took over management of Crane Bank in January 2017 to pay $8,660,462 (Sh32 billion) for rent arrears. Sudhir through his company Meera Investment Limited says the amount is in breach of the tenancy agreements in respect to plots 38 and 40A Kampala Road. Plot…

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