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Mogul Sudhir Ruparelia Shares Business Tips For The New-Normal Uganda, Tip 5 Will Surprise You!
It is no rumor that Dr. Sudhir Ruparelia is renown for his success in business and in the current global recession phase, UNECA estimates that the pandemic may result in 78% decline in GDP growth, from 3.2% to 1.8%. However, Dr Sudhir Ruparelia, has given his insights in one of the safest businesses to venture in…
PICTORIAL: Inside Sudhir Ruparelia’s Magnificent One-10 Apartments He Recently Put Up for Sale
Meera Investment Limited, a real estate arm under Ruparelia group recently presented Uganda’s largest fabulous homes grand project, the ‘One-10 Apartments’ for sale. The luxury, high-end apartments are located in Kololo on Prince Charles Drive, one of Kampala’s most affluent and exclusive suburbs; a location home to many of Uganda’s diplomates and elite class, owing to its serene and secure environment. The breathtaking panoramic…
COSASE Faults NLGRB For Failing To Register Gaming & Betting Machines
The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has cautioned the National Lotteries and Gaming Regulatory Board (NLGRB) for failing to prepare a national register of gaming and betting machines. Section 36 of the Lotteries and Gaming Act, 2015 provides that the Board shall establish and maintain, in the prescribed manner, a national…
Ex-Sudan President Omar al-Bashir Sentenced To Two Years In Jail For Corruption
Omar Al Bashir, the former president of Sudan, has been sentenced to two years in detention after being found guilty of corruption, receiving illegal gifts and possessing foreign currency. Bashir has been in prison in Khartoum since being forced from power in April when security forces withdrew their support for his repressive regime after months…
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Min.Tumwebaze Roots For Hass Ovacado To Replace Sugarcane Growing In Busoga
The Minister for Agriculture, Animal Industry and Fisheries, Hon Frank Tumwebaze, has proposed the introduction of Hass avocado in Busoga to complement sugarcane growing. Hass avocado, a commercially popular and nutritious fruit is part of the 19 crops that the ministry is promoting under the Agricultural Value Chain Development Strategy. The other crops include…
Sudhir’s Rental Arrangements With Government Departments Do Not Violate Any Rules
Government departments renting space from Kampala tycoon Sudhir Ruparelia’s vast real estate projects don’t violate laws. Kira Municipality Member of Parliament Ibrahim Ssemuju Nganda was a few days ago quoted as suggesting that government departments shouldn’t be renting space from the businessman’s properties. But experts and public commentators say the businessman, also one of the…
Explosive! Defunct Crane Bank Ghost Haunts Troubled Dfcu Again As 2021 Provisions Continue To Eat Away Shareholder Value
When Dfcu controversially bought Crane Bank Limited (CBL) in January 2017, it immediately became one of the most profitable banks in Uganda as the former owners of CBL cried for the loss of their bank. Dfcu’s Crane bank acquisition boosted its profitability in 2017 with net profit nearly tripling to Shs127 billion, up from Shs46.…
Golden Mind! In Sheema, Hon. Jacklet Calls For ‘Family Oriented District Food Security Stand’ Amidst Covid-19 Lockdown
Sheema District Woman Member Of Parliament, Jacklet Atuhaire Rwabukukuru has urged Ugandans especially those in rural areas to put more effort into agriculture during this Coronavirus lockdown. The message was delivered in an open letter to all Ugandans more, to her good people of Sheema. It’s from this letter that the Lawmaker warned that the…
Trouble As Tycoon Hamis Kiggundu Drags Diamond Trust Bank To Court For Stealing Over Shs 100bn From Account
Guys, if you find Directors and Managers of Diamond Trust Bank (DTB) in hiding, don’t ask why, trouble is looming. A disgruntled client, City Businessman and owner of Ham Enterprises Limited Tycoon Hamis Kiggundu has dragged (DTB) to the Uganda Commercial Court after the bank illegally and fraudulently debited over 100 billion UGX from its…
List: African Countries that Have Defaulted on Debt Repayment
A growing number of African countries have found themselves caught in the challenging web of debt distress, a predicament exacerbated by the COVID-19 pandemic, and global economic downturn. These problems have presented governments on the continent with stark choices needed in funding their economy. As a result, nearly half of Africa’s countries face difficulties making…
