Uganda’s Minister for internal affairs Maj Gen (rtd) Kahinda Otafiire has said he is determined to take drastic measures to ensure that citizens going for external labour in Asia are protected from illegal extraction of their internal organs. Otafiire, who was responding to Uganda Radio Network’s enquiry why of all hospitals in the country he…
What you need to know: He drove a taxi and worked multiple ‘kyeyo’ jobs as he pursued studies in London saving up USD25,000, which he has used to build a business empire now employing over 6,000 people in Uganda, Jobs and Careers. We exclusively speak to Dr. Sudhir Ruparelia on his journey to a successful…
City businessman Sudhir Ruparelia, who is the proprietor of Ruparelia Group of Companies, is having the last laugh after court ruled Bank of Uganda erred in closing and selling Crane Bank to dfcu bank, after flouting all the regulations of winding up a company and putting it under receivership. Besides that victory, court had ruled…
When DFCU Bank controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s boosted its profitability in 2017 following the acquisition with net profit nearly tripling to Shs127 billion, up from…
Sudhir Ruparelia is the only Ugandan and East African to make it to Forbes’ list of Africa’s wealthiest men. As one of the most successful residential and commercial property developers in Kampala, Sudhir’s firm, Meera Investments Ltd, has over 300 properties throughout Uganda. Besides other properties owned by his firm, the Ruparelia Residence is one…
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…
