Marijuana is a lucrative business – or at least, it could be if allowed to flourish within a favorable legal climate. If legalized at all levels, cannabis has the potential to generate billions in revenue, provide millions of jobs, and save billions of dollars on law enforcement something that could see Uganda’s economy transforming within…
Although Meera Investments Limited, the property development arm of the Ruparelia Group was formally registered in 1994, the Chairman and Founder of the giant Ruparelia Group started investing in property in 1986. Today Sudhir has over 400 office, retail, industrial and residential properties in Uganda. His properties cater to an estimated footfall of 150,000 people…
Uganda’s post coronavirus economic failings are going to come from the IMF/world bank supervised theoretical economist at bank of Uganda. You borrow $ 491.5 million, then $151m will go to budget support and UDB . A whole $340m just for bank of Uganda to stabilize the exchange rate! Textbook economics based on purely western perceptions…
A growing number of countries in Africa are looking to cannabis as the ticket out of poverty, and foreign investment for this sector has flooded in. Voices in the global industry are increasingly anticipating a cannabis boom on the continent. There are now seven legal producers in Africa. South Africa, one of the continent’s economic…
The landmark victory for billionaire Sudhir Ruparelia against Bank of Uganda in the battle for the ‘Crane Bank’ was expected. The ruling however left many asking who was advising the Bank of Uganda on legal matters. This follows the assessment of several accountability and legal agencies in the country including the Auditor General’s office and…
Equity Bank chief executive officer James Mwangi has secured a court order blocking his possible investigation or arrest over a disputed multi-billion shilling property in the high-end Muthaiga estate in Nairobi. Mwangi, who has served Equity Bank for 32 years, faces arrest over allegations that he fraudulently grabbed a multibillion property in Muthaiga, a plush…
On Thursday, the National Environment Management Authority (NEMA) finally agreed with the Ruparelia Group under businessman Sudhir Ruparelia on measures for safeguarding the ecological integrity of Lake Victoria while implementing the Speke Resort project worth over Shs370bn in Kitubulu, Katabi sub-county, Entebbe, Wakiso district. Last year on December 10th, NEMA issued a stop notice to…
Across East Africa, and Africa as a whole, Asian entrepreneurs stand out for their success and longevity. According to one Aly-Khan Satchu, a Kenyan-Asian financial analyst and CEO of investment advisory firm Rich Management, Asian-owned companies have been embedded in the African ecosystem for more than a century. “For example, my family came to East…
Farmers in the Ankole region are counting losses following the long dry spell that has taken a toll on their crop gardens. A number of farmers say that they have lost it all this season because of the inconsistent and intermittent rains that have affected their crops. Akampurira Silvano a maize and beans farmer in…
On August 4, 1972, then former President of Uganda, the late Gen. Idi Amin, announced the expulsion of Asians from Uganda. Thousands of Indians who had heavily invested in Uganda and regarded it as their home, were forced to flee their country as their businesses were dished to Amin’s cronies, soldiers and Government officials. August…
