Members of Parliament have declined to approve tax exemptions for companies, pending a report on its efficacy, allowing a one-year exception to the Bujagali Hydropower Project, which they have also placed under scrutiny for apparent false accounting. Bujagali, which sought to have its exemptions extended to 2027, will now instead face a forensic audit by…
President Museveni is expected to address the country this Sunday at 8pm as Ugandans expect a glimpse of hope amid skyrocketing prices of fuel and essential commodities Ms. Lindah Nabusayi, the Senior Presidential Press Secretary confirmed this in a Thursday morning tweet saying the presidential address will mainly focus on the rising prices and the…
Parliament has adopted recommendations of the Ad hoc Committee on the Naguru-Nakawa land holding several current and former ministers and the Uganda Land Commission liable for the illegal land dealings. The report presented by Committee Chairperson, Hon. Dan Kimosho on 18 May 2022 recommends that the Minister for Lands then, Hon. Persis Namuganza directed the…
Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a deterrent mechanism to stop similar occurrences in future.” The report of the Committee…
Since its inception, the Ruparelia Group of Companies has been committed to the establishment and development of innovative pioneering and enduring businesses among various sectors in Uganda, including:Financial services, hospitality, conventions and leisure centres, education, real estate, media & advertising, Agriculture and recruitment & HR services. In a period of more than 20 years, values…
Members of Uganda Bankers’ Association (UBA) a few days ago held their annual general meeting and elected Sarah Arapta, as the new Chair taking over from Dfcu Bank Chief Executive Officer Mathias Katamba who has served for two years (2020 & 2021). Ms. Arapta is the Chief Executive Officer of Citibank Uganda. Mr. Katamba in…
The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of the decision on the national Treasury and on Ugandans generally, while…
Founded by Dr. Sudhir Ruparelia, the Ruparelia Group of Companies is a privately owned Ugandan company. As the largest home-grown business in Uganda, its boundary pushing market leadership began in the 1980s. Grown through years of painstaking adherence to excellence, the Ruparelia Group is responsible for the ownership of companies that feature unique brands which…
The Katikiro of Buganda kingdom Owek. Charles Peter Mayiga has commended city businessman Hamis Kiggundu, who is popularly known as Ham, for setting a very good example for all aspiring entrepreneurs in Uganda and across the globe, especially the youth. Ham, who is ranked by Forbes Magazine as one of the most respected and wealthy…
The latest development coming from Ruparelia Group, the parent company of Kabira Country Club indicate that Money Magnet Sudhir Ruparelia has hit the final touches on the expansion of the hotel, with a maiden new look in the offing. Sources in the Ruparelia camp revealed to this website that the multimillion hotel expansion project is…
