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Business

Women’s Day 2022: Jyotsna Ruparelia To Headline Indian Women Entrepreneur Conclave, Applauds Women For Their Pivotal Role In Economic Transformation Across The Globe

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While Celebrating International Women’s day, Businesswoman, entrepreneur, and wife to city tycoon Sudhir Ruperala, Jyotsna Ruparelia has applauded fellow women for their big roles in economic, social, and cultural development not only in Uganda but across the Globe. In her international women’s day message, Jyotsna noted that women should be celebrated for their visionary, courageous,…

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Business

UGEFA: Green Businesses Given Last Chance To Grow & Transform Economy With EU Funded Accelerator

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The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance to…

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Business

ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU

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On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…

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Business

BoU, Crane Bank Saga: Supreme Court Confirms Auditor General’s Report Shs 397 Bn Was Swindled By Greedy BoU Officials In Bank Sale

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Supreme Court ruling on Bank of Uganda versus Sudhir Ruparelia in Shs 397 billion case confirms Auditor General’s report that BoU officials swindled the cash in CBL sale. The Supreme Court on February 12, 2022 upheld the earlier rulings of the High Court and Court of Appeal that the Bank of Uganda (BoU) must pay…

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Business

Coughing Sudhir’s Bank Is A Must & Stand Warned Not To Contempt Court Orders! Tycoon Lawyers Pump More Pressure On Staggering Bank Of Uganda

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Pressure and panic from Bank of Uganda (BoU) officials continue to leak to the public over the recent Supreme Court ruling in which the Bank was ordered to ‘vomit’ mogul Sudhir Ruparelia’s Crane Bank but also cough to him billions of all the charges he has incurred in the last five years of endless legal…

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Business

OP-ED: Uganda Should Celebrate Sudhir’s Victory Against BoU & Reopen Crane Bank In Partnership With Govt

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By Dr Okodan Akwap Government is right to partner with local businessman Sudhir Ruparelia to build an ultra-modern conference facility for holding top-notch 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 the Bank of Uganda (BoU)…

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Business

Govt, Sudhir Plan Shs140Bn Joint Venture 

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The government of Uganda and businessman Sudhir Ruparelia are finalising a joint venture blueprint to build a modern Convention Centre at Commonwealth Speke Resort Munyonyo to host the Non-Aligned Movement (NAM) summit later next year. The architectural designs and bill of quantities for the engineering works are still being prepared, but the construction is estimated…

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Business

‘Something Must Be Wrong’: Lands Minister Nabakooba Disowns Her Junior Mayanja’s Letter To Museveni On Nakawa/Naguru Land

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As the row over the re-allocation of the Nakawa/Naguru land among prospective investors deepens, Lands Minister Judith Nabakooba has thrown a spanner in the works, disowning a letter that was written by her junior minister, Sam Mayanja, purportedly on her behalf, asking President Yoweri Museveni to give a green light to the allocations that were…

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