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Rajiv Ruparelia only Ugandan nominated for prestigious Choiseul100 Africa 2024 award

Rajiv Ruparelia, the Managing Director of the Ruparelia Group, has been nominated for the prestigious Choiseul100 Africa 2024 award. This award highlights the top 100 young African leaders under the age of 40 who are making a significant impact on the continent’s future. The nomination recognizes Rajiv’s exceptional leadership and contributions to the growth and success…

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President Museveni Commissions Umeme Upgraded Mbale Substation

President Yoweri Museveni this afternoon commissioned Umeme’s upgraded multibillion Mbale Substation near Bugema. Mr. Selestino Babungi, the Umeme Managing Director, explained that the $17m (about sh64b) modern substation will now make electricity supply in eastern region more reliable resulting from the integration of the new transmission 50MW substation at the Mbale Industrial Park. He said…

Inside Story: How Controversial Sale Of Crane Bank To Struggling Dfcu Will Go Down In Uganda’s History As The Most Fraudulent Transaction By BoU

In July 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 years.…

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