The President of Uganda Yoweri Kaguta Museveni has ordered Bank of Uganda Governor Emmanuel Mutebile to expenditiously investigate the sale of Simbamanyo House and Afrique Suites by Equity Bank and report to him within one week. The president came in after Mr Peter Kamya and Margaret Muganwa appealed for his intervention. According to the president,…
In an unexpected turn of events, Bank of Uganda (BoU) on 15th September announced it was withdrawing Civil Appeal No. 7of 2020 which they (via Crane Bank Limited (in receivership) has logged in the Supreme Court against businessman Dr Sudhir Ruparelia and Meera Investments Limited. In the same spirit, Bank of Uganda stated that it will…
The Bank of Uganda (BoU) has decided to withdraw a Supreme Court appeal that was contesting the Court of Appeal’s dismissal of the case it filed on behalf of Crane Bank Ltd (in Receivership) vs. Sudhir Ruparelia and Meera Investments Ltd. In a September 15 notice of withdrawal, the Supreme Court Registrar indicates that BoU…
Cabana Restaurant, located at Speke Apartments Wampewo, has organized a lavish RIO MEATS Kla Barbeque fest. The posh restaurant has revealed that the fest will start on November 5th at 12.00 noon and each person will pay shs 120,000 for entrance. According to the management, on the menu will include, welcoming cocktail, Open salad bar,…
The Ruparelia Group, a Ugandan-owned business empire has announced plans to establish a new state of art music record label in Uganda as it aims at promoting the talents of Ugandan youths in the entertainment industry. According to a well-established source at the Ruparelia Group, the new music record label will manage and promote musical…
Following government’s lifting of the lockdown, Kampala shopping malls under Crane Management Services (CMS) Limited has urged tenants and clients to strictly observe the Standard Operating Procedures (SOPs) put in place by the Ministry of Health The Cube in Kisementi The shopping malls under Crane Management include Kampala Boulevard, Electrical Plaza, Hardware Plaza, Market Plaza,…
Since Covid-19 poked its ugly nose, it has changed the pace of life for many people across the globe. As for businesses, many that still survive are still in unchartered waters – others especially depending on travel such as airlines, hotels, tour companies, etc, pray we go through this phase faster than it is doing.…
Sheena Ruparelia is a daughter of Money Magnet HE Sudhir Ruparelia one of the richest gentlemen in Africa. Sheena was born on December 23rd, 1988 and she is married to Mr. Jay Sakaria. Sheena has been a Director and one of the trustees at Ruparelia Group since January 2017. The Group is one of Uganda’s…
Property Mogul and businessman Dr Sudhir Ruparelia have today received his second shot of the AstraZeneca vaccine from UMC Victoria Hospital, which is one of the designated vaccination sites in Kampala and the first private hospital to be accredited by the Ministry of Health to administer the Oxford AstraZeneca COVID-19 Vaccines. Billionaire Sudhir, 65, was…
City business magnet Dr Sudhir Ruparelia has been re-elected as a Board member for Indian Association Uganda. Dr Sudhir retained his position as the association elected seven members on its Board of Trustees. This website has learnt that the function took place on Sunday March 28, 2021 in Kampala. The property mogul was first elected…
