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Meet Rajiv Ruparelia; One of The Youngest Richest Ugandans Who Will Inspire You To Work Hard
Just like his billionaire father Dr. Sudhir Ruparelia, Rajiv Ruparelia was born in Uganda on January, 2nd, 1990. He is a graduate of Financial Management from Regents College London. Rajiv manages several family businesses. He is currently serving as the Managing Director of the Ruparelia Group and he is responsible for developing sound business strategies…
Investigation: URA, UNBS On Hot Spot For Allowing Smuggled Kenyan Salt Into Uganda
The Uganda Revenue Authority (URA) and Uganda National Bureau of Standards (UNBS) are on spot for allegedly abetting and or colluding with businessmen who are smuggling tonnes of Kenyan salt into the country and reaping abnormal profits after evading taxes worth hundreds of millions of shillings. Our sources reveal that licensed dealers of salt in…
Heartless: Bushenyi Activist Kakonge Of WASCOF Chokes On Debts,Swindles Widow’s Money
Anger has erupted in the residents of greater Bushenyi after Western Ankole Civil Society (WACSOF), chief executive officer Appollo Kakonge got entangled in siphoning people’s money. Mr Kakonge is accused of borrowing money from a widow one Faridah for construction of the house which he never returned. When the matter became serious,it is allegedly said…
‘My Beloved Son Was Poisoned’- Oulanyah’s Father
The father of the deceased Speaker Jacob Oulanyah, Nathan Okori has said his son did not die of natural causes and that he was poisoned. He has however quickly asked that his death is not politicised. Okori was quoted telling a handful of mourners at their ancestral home in Omoro District saying Oulanyah’s death is…
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Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits
While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda in terms of assets recorded a 46% drop in profit to USh9.3bn ($2.6m)…
Indian Community To Commemorate 50 Anniversary After Idi Amin Expel
On August 4, 1972, then former President of Uganda, the late Gen. Idi Amin, announced the expulsion of Asians from Uganda. Thousands of Indians who had heavily invested in Uganda and regarded it as their home, were forced to flee their country as their businesses were dished to Amin’s cronies, soldiers and Government officials. August…
Ham Vs DTB Case: Troubled DTB Admits To Committing Illegalities, Ham Slaps, Files & Awaits Judgment
Business man Hamis Kiggundu, is awaiting judgment following Diamond Trust Bank’s admissions in court that it committed illegalities in thd ongoing, DTB HAM case. Ham Enterprises (U) Limited (The company) and Diamond Trust Bank (The Bank) had a 10 Year long term Banking relationship where Ham Enterprises (U) Limited as the client made transactions on…
‘You Must Pay COVID-19 Rent Arrears’- Gov’t Chief Whip Nankabirwa Tells Traders As Landlords Lock Shops
Government Chief Whip, Ruth Nankabirwa has advised Ugandans to forget about not paying their rent arrears for the months the country was under lockdown. She instead promised to ask government to come up with an affordable credit facility which can help the tenants to overcome the challenges of the COVID-19 pandemic. This is after Speaker…
URA Boss Musinguzi Urges African Countries To Work Together To Overcome Effects Of Slavery,Colonialism
The Uganda Revenue Authority commissioner general John Rujoki Musinguzi has urged African countries to work together and emancipate themselves from the effects of slavery and colonialism, which has kept them in the shadows. According to Musinguzi African countries face similar challenges, whereby the average tax- to GDP is at 16%, whereas in developed countries it…
Angry Gulu City Residents Petition UMEME Over Inconsistent Regional Power Supply
Residents of Gulu City have petitioned the electricity distributor UMEME over the inconsistent and inadequate power supply. The petition signed by more than 400 people was on Tuesday handed over to the Resident City Commissioner Nsubuga Bwayo and Doreen Ogenga the UMEME Manager for Gulu Region Area. Other copies were handed over to the…