How government decision to build a large international convention centre in Munyonyo has been its best THE LAST WORD | Andrew M. Mwenda | Recently, I had a debate with some Ugandan friends on the decision of government to build an international convention center in Munyonyo in partnership with Sudhir Ruparelia. Uganda will …
Read More »MPs, landlords disagree over rent payment currency
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have disagreed with members of the Landlord and Developers Association over the currency of rent payment, with MPs standing their ground on the Uganda shilling. The association led by its chairperson, Godfrey Kirumira, had appealed to the Committee on Physical Infrastructure to …
Read More »Is Sudhir’s victory against BoU in Crane Bank case a game changer?
Kampala, Uganda | THE INDEPENDENT | The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The court also barred the Central Bank from continuing …
Read More »Sudhir acquires Simbamanyo building after owner defaults on bank loan
Kampala, Uganda | THE INDEPENDENT | Meera Investments Limited owned by businessman Sudhir Ruparelia has acquired yet another building in town- Simbamanyo house after the owner allegedly failed to finance his loan. The building which houses the Ministry of Gender offices, Kampala Imaging Centre among others was initially owned by …
Read More »Sudhir Ruparelia sues Lawyer Andrew Karamagi for alleged defamation
Kampala, Uganda | THE INDEPENDENT | Businessman Sudhir Ruparelia has sued an activist lawyer Andrew Karamagi for alleged defamation. Ruparelia through his lawyers of Galisonga and Company Advocates filed the suit before the Civil Division of High Court in Kampala. Sudhir contends that Karamagi posted on his Facebook …
Read More »KCCA asks developers to vacate shorelines
Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has asked developers to vacate the shorelines of Lake Victoria. According to Peter Settenda, an environment officer from KCCA, the Authority has issued a notice to all people with prohibited developments to raze them from the shoreline. The said structures have already …
Read More »Equal opportunities commission to spend UGX 200m on rent every month
Kampala, Uganda | THE INDEPENDENT | The Equal Opportunities Commission (EOC) will spend up to 208 million Shillings every month to rent offices at the newly constructed Kingdom Kampala Building, along Nile Avenue. The Commission is a statutory body mandated to eliminate discrimination and inequalities in Uganda. It is also …
Read More »Sudhir secures permanent injunction against Sebalu and Lule advocates
Kampala, Uganda | THE INDEPENDENT | City Businessman Sudhir Ruparelia has won his case against Sebalu and Lule Advocates. Sudhir ran to court in 2017 seeking orders stopping Sebalu and Lule Advocates from representing DFCU bank citing conflict of Interest in a matter involving the defunct Crane Bank. Sudhir argued …
Read More »Cost of Crane Bank takeover hits Shs. 500Bn
Kampala, Uganda | HAGGAI MATSIKO | The cost of taking over Crane Bank continues to skyrocket and could hit way over Shs. 500 Bn, The Independent can exclusively report. The latest revelations indicate that the lawyers, who represented Bank of Uganda in the entire process of taking over Crane Bank …
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