Browsing: Business

Why Court Directed DFCU to Pay Sudhir UGX2.4 Billion, Return All His Properties

A declaration that there are no valid leases in respect of the properties. The said leases are therefore declared to be invalid and absolutely determined on account of breach and illegality. A declaration that the occupation and continued utilization of the suit properties by the first defendant constitutes trespass. That was the October 24 ruling…

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Inside Tycoon Sudhir’s Windsor House; a High-tech Grade A Office in Kololo

Uganda’s top property mogul, Dr Sudhir Ruparelia through Meera Investments Limited (MIL), one of Uganda’s largest Real Estate Developers, has yet again unveiled a magnificent property; the Windsor House in Kololo aimed at catering for the high demand for grade-A offices in the prime Kampala’s urban neighbourhood. MIL is the property development arm of the…

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Dfcu Bank Ordered To Vacate All Sudhir’s Properties Within 3 Months 

In a groundbreaking verdict, dfcu Bank has been directed to vacate a set of prime properties owned by Mera Investments within the coming three months. Mera Investments is owned by prominent businessman Sudhir Ruparelia. This momentous ruling was issued by Justice Tadeo Asiimwe, a distinguished Land Division Judge at the High Court, following an extended legal…

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Sudhir’s Meera Investments Slaps UGX32 Billion Rent Arrears To Staggering DFCU, Illegally Occupying Crane Chambers Building

Business tycoon Sudhir Ruparelia demands Dfcu Bank, the financial institution that took over management of Crane Bank in January 2017 to pay $8,660,462 (Sh32 billion) for rent arrears. Sudhir through his company Meera Investment Limited says the amount is in breach of the tenancy agreements in respect to plots 38 and 40A Kampala Road. Plot…

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UMA Calls On Govt To Retaliate Following Kenyan Ban On Exports

The Uganda Manufacturers Association (UMA) has urged government to consider retaliation mechanisms against the Government of Kenya, for what they termed as ill treatment of Uganda and severe injury to investment. Following the persistent ban on Ugandan exports to Kenya, traders have called for retaliation saying the diplomatic way has failed. “Our very blunt demand…

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Entebbe Airport Expansion to Displace Kigungu Residents

The Uganda Civil Aviation Authority-UCDA plans to displace residents of the neighboring Kigungu village for further development and expansion of Entebbe International Airport. The plan was disclosed by UCAA officials during an onsite visit and meeting with members of the Parliamentary Committee on Works and Infrastructure on Thursday. UCAA Director General Fred Bamwesigye told MPs…

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MTN Foundation Picks 25 Projects for MTN Changemakers Initiative

MTN Uganda’s corporate social responsibility arm, MTN Foundation, on October 26th, announced the selection of 25 projects for the inaugural MTN Changemakers Initiative. This groundbreaking initiative, tailored to create a lasting impact on the lives of millions in Uganda, with a particular focus on youth, women, persons with disabilities, and underserved communities, resonates with the…

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