The Commercial Court has ordered Simbamanyo Estates Limited and its proprietor Peter Kamya to pay Shs 1.3 billion in legal costs to Equity Bank Uganda Limited and two business firms; Meera Investments Limited and Luwaluwa Investments Limited. In the ruling, the Commercial Court Registrar, Mr Elias Kisawuzi ordered Simbamanyo and Kamya to pay Shs 600…
President Yoweri K. Museveni has pledged the country’s continued friendship with India, its people, and the Indian Community in Uganda. He said this in the meeting with India’s Minister of State for External Affairs V. Muraleedharan. During their meeting, the two countries agreed to a partnership to provide affordable solar power and promote rural power…
Recently, this website broke a story on how Bank of Uganda (BoU) wrote to the Supreme Court seeking permission to withdraw an appeal they had filed on June 23rd, 2020, against businessman Sudhir Ruparelia contesting Justice David Wangutusi’s 2019 ruling, in which he declared that BoU illegally wound up Crane Bank and sold it to…
Following the Central Bank head of legal Margaret Kaggwa Kasule’s constant and deliberate refusal to sign and to be served, court documents in connection with illegal liquidation of the assets of Crane Bank while in receivership by Bank of Uganda, lawyers representing city businessman Sudhir Ruparelia have filed an application in the High Court against…
Property Mogul Dr Sudhir Ruparelia has shared from his wealth of experience in real estate development, advising potential developers not to rush into borrowing until they are able to finance their loans. Sudhir made remarks earlier this morning while appearing on Uganda Revenue Authority’s e-Bomba Business Summit as one of the key note speakers on…
Uganda’s property mogul, and Forbes Billionaire Dr Sudhir Ruparelia will be one of the key note speakers at the Uganda Revenue Authority’s e-BOMBA YA BUSINESS summit to be held on Friday. The Capital Times has learnt that Dr Sudhir Ruparelia will be part of the panel to deliberate on – “Investing in Real Estate: What…
In the wake of events surrounding the Supreme Court decision to nullify the liquidation of Crane Bank Limited, Businessman Sudhir Ruparelia has through his legal team led by Kampala Associated Advocates sued the head of Bank of Uganda’s (BOU) Legal department Margaret Kaggwa Kasule for contempt of Court. According to Sudhir, Kasule has on many…
City tycoon Sudhir Ruparelia has renamed Simbamanyo House—located at Plot 2 Lumumba Avenue—Gender & Labour House after the court confirmed him as the rightful owner. The building, now under the management of Meera Investments Ltd, a real estate arm of his Ruparelia Group houses the Ministry of Labor, Gender and Social Development among other tenants.…
The Parliament of Uganda has started moving some of its staff to tycoon Sudhir Ruparelia’s Kingdom Kampala Mall. According to the communication from the Clerk to Parliament, Adolf Mwesige, the transition to move staff is planned to “With effect from Thursday September 2, 2021, parliamentary staff have been directed to move to the Kingdom Kampala,…
In the last decade, Uganda’s tourism sector has seen a tremendous growth on all fronts. Tourists’ arrivals have improved and grown to about two million annually. This growth, according to industry experts, can be attributed to an improvement in the hotel industry. The improvement in the hotel industry is largely private sector driven with most,…
