Uganda’s Billionaire Axis: Mapping Capital Concentration in a $65 Billion Economy BUSINESS ANALYSIS | THE INDEPENDENT | Uganda’s private capital class is expanding faster than its capital markets. In an economy where public equity remains shallow and disclosure is limited, wealth accumulation has largely occurred through privately held companies, commercial …
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Why this 35 years old kid will continue to live in the memory of many people for generations to come THE LAST WORD | Andrew M. Mwenda | On Saturday May 03 around 2.20am, fate struck. Rajiv Ruparelia, son of Uganda’s richest couple, Sudhir and Jyotsna Ruparelia, died in a horrible car accident. …
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Kampala, Uganda | THE INDEPENDENT | President Museveni thanked Ugandans for the discipline they displayed as the country hosted the two international summits; – the Non-Aligned Movement (NAM) and G-77 plus China recently. In his address on the eve of the NRM Day Celebrations in Jinja today, the president singled out …
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Kampala, Uganda | THE INDEPENDENT | Following a 24th October 2023 High Court ruling that dfcu Bank had illegally transferred to itself 48 properties belonging to Meera Investments, after it took over tycoon Sudhir Ruparelia’s Crane Bank, the Lands Ministry has cancelled all the said land titles. As a result, dfcu …
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Why those who thought they were above the law will soon realise that this is not the case THE LAST WORD | ANDREW M. MWENDA | On February11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The …
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Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …
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Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …
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COMMENT | THE INDEPENDENT | The Supreme Court on Monday delivered yet another ruling in favour of Sudhir Ruparelia in which it emphasized that the appeal filed before it by Bank of Uganda had no chance of success. This is the fourth application that has been won by …
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BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …
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Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the …
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The Independent Uganda: You get the Truth we Pay the Price
