Breaking News
Tycoon Sudhir Distances Self From Mukula, Tanna Political Fracas
City businessman Dr Sudhir Ruparelia has trashed allegations that he declined to support Sanjay Tanna in favour of his competitor Capt. Mike Mukula for the National Resistance Movement (NRM) National Vice Chairperson Eastern region. The allegation came a day after Tana mercilessly losing to the incumbent Mukula in the NRM CEC elections. Dr. Sudhir, who…
High Court Issues Temporary Injunction On Old Taxi Park
The Land Division of High Court in Kampala has issued a temporary injunction stopping government, Kampala Capital City Authority-KCCA, and any of their agents from carrying out any activity on Old taxi park land. The Old taxi park was closed for renovation in May 2020, and the Deputy Registrar Land Division, Janeva Natukunda has ordered…
Court Trashes Nzeyi’s Case Involving Sale Of NBC To Crane Bank
The Constitutional Court has dismissed an application filed by city businessman Amos Nzeyi in which he challenged the winding up and sale of former Minister Amama Mbabazi’s National Bank of Commerce (NBC) by Bank of Uganda, which later sold it to tycoon Sudhir Ruparelia’s now defunct bank. Nzeyi, who was a shareholder in the bank…
Two Deadly Terror Suspects Arrested With Explosives
Security operatives attached to the Anti-Terror Police Unit (ATPU) in Lungalunga, Mombasa County have arrested two terror suspects and recovered two firearms. The two men were arrested at the Likoni ferry crossing after their escape efforts bore no fruits. The two suspects, who were in a Toyota Probox, were trying to cross over from the…
News
Covid-19 Crisis: Relief As BoU Suspends Loan Repayments For 12 Months
As a way of mitigating the disastrous effects of the Coronavirus (COVID-19) lockdown on the economy and several business ventures, the Bank of Uganda has directed all commercial banks and supervised financial institutions to suspend repayment of loans for 12 months. The Central Bank announced credit relief measures to help mitigate the adverse effects of…
Interview: Crown Beverages Limited Boosts Nivana Water Brand With Jumbo Offering
Crown Beverages Limited has unveiled the addition of a 20litre jumbo size bottle to the greatest Nivana brand. CBL Chief Executive Officer (CEO), Mr. Paddy Muramiirah has explained what this latest product means to consumers. The move to add the jumbo size 20liter bottle to the Nivana water brand, why now? It is the right…
‘A day To Remember’- Don’t Miss La Cabana’s Yummy Roast On Easter Sunday
Easter Day is just around the corner and La Cabana Restaurant has got you covered with a food fest themed ‘La Cabana Easter Roast on Sunday 4th April.’ This website has learnt that La Cabana Restaurant, Kampala’s premium and ritzy churrasco grill restaurant, will this Easter Sunday serve a rich menu giving you a touch…
Meera Investments Unveils 27 Condos Bukoto Living Apartments For Sale
For the last six years or so, siblings, Rajiv Ruparelia and Sheenah Ruparelia have spent time under the tutelage of their property mogul and billionaire father, Dr Sudhir Ruparelia. After his Bachelor of Business Administration degree at Regent’s University, London, where he majored in Financial Management, Rajiv returned home in 2014, to take up a…
Sudhir tells World investors: Why You Should Invest In Uganda Under Museveni’s Governance
Uganda’s richest man Dr Sudhir Ruparelia has spilt secrets about why Uganda is a land of opportunities which propel businesses to thrive. The money magnet further revealed how accommodative Ugandans are, a reason some foreign families have been able to live in the country for over 120 years and have succeeded in establishing a chain…
Disparities Cited As DPFU Starts Releasing Deposits For Defunct EFC Microfinance Clients
The Deposit Protection Fund of Uganda (DPFU) has begun compensating depositors of EFC Uganda Limited Microfinance, which was liquidated by the Bank of Uganda in January due to liquidity issues. During a press conference at the DPFU offices in Kampala City o, 374 depositors received a total of Shs10 million, while 779 customers shared Shs125…
