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Two Months Later, What Next For Sudhir & Staggering BoU
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…
Two Suspects Arrested In Connection With Mukono Supermarket Armed Robbery
Police have confirmed the arrest of two suspects in connection to the armed robbery at Spice supermarket at the junction of Kampala-Jinja-Bugerere road in Mukono municipality. Three robbers armed with an AK47 raided the supermarket on Friday evening where they shot a cashier identified as Irene Nakandi in the back and took off with an…
Tycoon Charles Mbire Acquires More Stake In MTN
Businessman Charles Mbire has bolstered his stake at MTN Uganda after acquiring an additional 2,263,930 shares in the telecom company at a total cost of Shs 459,907,621.00 on the Uganda Securities Exchange. The purchase which took place on August 22 was evidently the signature activity of the day, on Uganda’s Securities Exchange where MTN is…
Tycoon Ham, Buganda Kingdom Set To Reconcile Over ‘Ham Sports Club’ Land In Kigo
City businessman Hamis Kiggundu aka Ham, who is the proprietor of Kiham Enterprises Limited, is working on modalities of reaching an amicable understanding with his neighbours (Buganda Kingdom) over the contested land in Kigo. We have established that a series of meetings are underway between both sides, Ham and Buganda Kingdom in a bid to…
Tycoon Rajiv Speaks Out On Why He Fired All Sanyu FM Staff & Reaction From Concerned Citizens
Kampala mogul Dr Sudhir Ruparelia’s son Rajiv Ruparelia, who is the Managing Director of Sanyu FM radio station, has spoken out on why management decided to fire all the staff, following a sit down strike. The saga started on Monday when the employees of Sanyu FM decided to stage a sit-down strike, protesting a decision…
Tycoon Rajiv, Wife To Open Food Store, Accessories For Pets
As Ugandans continue to increasingly pick interest in rearing pets, a place for their treats has been missing on the shopping menu of Kampala. City businessman Rajiv Ruparelia’s wife, Naiya, has come out to scoop the opportunity and will this weekend launch her new business in dog and other pets’ products. Dubbed “Kaya’s Kitchen”, Ms.…