The Electricity Regulatory Authority (ERA) has signed a Memorandum of Understanding (MoU) with the Uganda Prisons Service (UPS) to formalise a partnership between the two institutions (ERA and UPS) aimed at promoting and implementing a pilot project to allow UPS’ facilities to transit from using Biomass for cooking to using Electricity or cooking. The two…
Uganda is among the few countries with patriotic investors that do not brink when it comes to boosting their countries’ development. Among the few but heavily-loaded tycoons, Uganda is blessed is Dr. Sudhir Ruparelia aka money magnet who is the chairman of Ruparelia Group of Companies. Dr. Sudhir, also Nepal ambassador to Uganda is in…
An analysis by Cymbell Advocate, a commercial law firm in Kampala, questions the Bank of Uganda on the consequences of the lost cases against city tycoon Sudhir Ruparelia in the fight for the defunct Crane Bank which now is believed was illegally shut down and sold off by the Central Bank. On 30th June 2017…
Rwanda has dedicated 134 hectares to cannabis production, The New Times, a state-run news outlet in Kigali has reported. It was last year when the country publicly showcased its plans to start growing and exporting the plant and its products. To the effect of this, a Ministerial Order was gazetted in June, providing a framework for responsible…
The Parliamentary Committee on Trade And Industry led by Mbarara City South Member of Parliament Mwine Mpaka on Thursday March 17th, 2022 ordered the closure of two fuel stations, after it was discovered that the operators of the said stations were adulterating the fuel. Preliminary investigations indicate that several pump attendants were arrested while others…
Belgian gold refiner Alain Goetz has said that sanctions that were imposed against him by the US Department of the Treasury’s Office of Foreign Assets Control over his alleged involvements in the gold trade in the Democratic Republic of Congo (DRC) were based on misinformation. The US Department of the Treasury’s Office of Foreign Assets…
Property mogul Sudhir Ruparelia has started the construction of a multi-million dollar state-of-the-art business park along Yusuf Lule Road. The multi-purpose building complex is expected to change the experience of work, leisure, residence, and lifestyles for middle and upper class residents and visitors of Kampala. The Pearl Business Park is an 18-acre mixed use facility…
By Dr Okodan Akwap Kampala: Government is right to partner with local businessman Sudhir Ruparelia to build an ultra-modern conference facility for holding topnotch meetings, such as the upcoming Non-Aligned Movement summit. But government can do something even better – partnering with Sudhir to reopen Crane Bank, which was closed by Bank of Uganda (BoU)…
Kampala Affairs State Minister, Kabuye Kyofatogabye has defended property magnate Sudhir Ruparelia’s development on Naguru land that is contested by some sections of Kololo Senior Secondary School management. The Parliamentary Committee on Physical Infrastructure which sat on Wednesday has launched fresh investigations into the Kololo S.S Land as people against Sudhir’s development want him to…
The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 billion Shillings) for the country as part of the Extended…
