Visionary tycoon Rajiv Ruparelia who many describe as Uganda’s economy explorer for his lucrative investments in various sectors has bemoaned the fact that only a few Ugandans have tested on profits from animal (pets) business opportunity. A pet, or companion animal, is an animal kept primarily for a person’s company or entertainment rather than as…
Every case is as good as its legal strategy and every legal strategy is as good as the team on it. To defend himself against a UGX397 billion (USD106 million) suit from Bank of Uganda, arguably one of Uganda’s most feared, ruthless and cash-rich regulators, Dr. Sudhir Ruparelia, Uganda’s richest businessman had to go for…
New global shocks and the impacts of the Russia-Ukraine war has dampened Uganda’s economic growth prospects amidst the waning coronavirus pandemic and full re-opening of the economy and a clearer outlook for oil production following signing of the Final Investment Decision in February this year. Uganda’s economy is now estimated to grow at 3.7 percent…
The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. In his State of the Nation Address on June 7, President Yoweri Museveni said that Uganda would achieve the…
Parliament’s committee on Sub-Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have been dealt a blow after court ruled that its subcommittee did its work illegally as it tried to act as court in investigating properties under the Departed Asians Property Custodian Board (DAPCB). Mohamed Allibhai, the applicant had dragged the Attorney General to…
In the year 2007, Crane Bank Limited announced that it was planning to expand into the neighboring countries and yes this dream was fulfilled and officially launched operations in 2014, but shortly after greedy Bank of Uganda (BoU) mafias swung into action with all sorts of dirty games to shut this development. The above step…
The Supreme Court in Kampala has ordered Bank of Uganda (BoU) to pay dispute costs after losing yet again in the aftermath of the closure and liquidation of Crane Bank Ltd, owned by businessman Sudhir Ruparelia. In a ruling delivered on Friday, July 1, a panel of three judges led by Justice Prof. Lillian Tibatemwa-Ekirikubinza…
City Lawyer and political analyst Kaweesa Hope Mulangira has come out to say that it looks like the President of Uganda Gen Yoweri Kaguta Museveni is being misguided by the technical people who tell lies about the reality of the economy just to impress him. Counsel Mulangira’s words come at a time when the world…
It may not go down well with the rich and powerful, but Uganda’s richest man, Sudhir Ruparelia is advocating a ban on the import of luxury goods into Africa to help it ride out the gathering world economic storm. In an exclusive interview with Billionaire Tomorrow, Sudhir Ruparelia says he has seen it all in the last…
Uganda’s richest man Dr. Sudhir Ruparelia who personally built Ruparelia Group brick by brick is set to tip lawyers under the lawyer’s desk fraternity on law and investment. This has been announced by the Mr.Ronald Lukoma who happens to be the President Lawyer’s Desk. This meeting which will be held on Saturday, 9nd of July…
