Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of the Shillings 200 billion Small Business Recovery Fund (SBRF), which was…
Uganda’s richest man Dr Sudhir Ruparelia has spilt secrets about why Uganda is a land of opportunities which propel businesses to thrive. The money magnet further revealed how accommodative Ugandans are, a reason some foreign families have been able to live in the country for over 120 years and have succeeded in establishing a chain…
When you ask most Ugandans about famous names of successful businessmen in Kampala, one name will fetch you many mentions. The name and the man himself is Hamis Kiggundu, one of Uganda’s youngest billionaires. Born in February 1984 to Mr. Haruna Segawa and Mrs. Nakayiza Jalia Segawa in Kalungu, Masaka, Kiggundu popularly known as Ham…
Businessman Sudhir Ruparelia and the government of Uganda agreed to build a modern Convention Centre at Commonwealth Speke Resort Munonyo. The centre will host 3,000 delegates and its first conference will be the Non-Aligned Movement (NAM) scheduled for this year. The signing of the Memorandum of Understanding (MoU) between Sudhir and government was done in…
On Sunday 15th January 2023, H.E President Yoweri Kaguta Museveni departed Entebbe to the United Arab Emirates (UAE) for a three-day working visit. The President met different groups of investors interested in doing business in Uganda in the field of Oil and Gas, Agro processing, Electricity, real-estate among others. He also attended the Abu Dhabi…
The extension of Kabira Country owned by city tycoon Sudhir Rupaleria has redefined the skylines around Bukoto-Ntinda areas with the new leisure facility imposing a magnificent image in the area. The leisure facility, once complete, will be East Africa’s biggest leisure hotel with more rooms than any other facility. According to sources, City business magnet…
Kampala: A top Kampala software engineer has come out to share with Ugandans his ‘frustrating and exploiting’ experience with Airtel Uganda Data bundles alleged ‘fraud’. Mr Tito [not real name, prefers anonymity] who was once Airtel Uganda’s proud customer is now spitting venom after company allegedly chopped his Ugx 750,000 via multiple monthly data bundle…
In the Supreme Court ruling delivered by Hon. Chief Justice Prof. Lillian Tibatemwa-Ekirikubinza JSC (as a single judge), on 1st July 2022, re-emphasized that once a company is placed under receivership, it doesn’t lose its legal existence-another loss for Bank of Uganda (BoU). This ruling came out of a failure by the two parties in this…
Crane Management Services (CMS) has been named as the best Real Estate and Property Management Company in East Africa. CMS is the real estate and property management arm of Ruparelia Group of Companies, owned by tycoon Dr. Sudhir Ruparelia. The company was named platinum winner of the Quality Excellence Award for “The Best Real Estate…
Uganda’s GDP of $37.4 billion is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. However, despite the fast growth of the local economy, the market capitalization of the Ugandan bourse is valued at $6.1 billion (UGX21.6 billion), which is 16.3 per…
