Stanbic Bank
Stanbic Bank
19.2 C
Kampala
Stanbic Bank
Stanbic Bank
Home Blog Page 383

Sudhir Ruparelia, the man behind Uganda’s boom in office space and hotel rooms

Chairman Ruparelia Group, Sudhir Ruparelia.

A recent report by Stanbic Uganda, which covers the period between June and December 2022, notes that the over-saturation of Kampala’s office space has created an office market in the districts of Mukono and Wakiso which are part of the Kampala Metropolitan Area where most business activities in the country take place.

The report further explains that demand for office space in Kampala during the period under review rose by 4 percent, mostly among A and B properties, which represent high-quality buildings and high-income tenants.

According to Tourism Marketing Master Plan, by 2019, Uganda had over 3800 hotel establishments with over 250,000rooms and 300,000 beds with 75 percent owned by domestic private players, the later are still adding on.

It goes without doubt that Sudhir Ruparelia, chairman of Ruparelia Group is the leading investor when it comes to the provision of office space and hotel rooms, providing employment to thousands, and contributing to Uganda being a top investment destination in East Africa.

We look at Sudhir’s ongoing real estate projects:

Kabira Country Club expansion

Kabira Country Club under expansion.

The latest development at the Ruparelia Group is that the expansion works on Kabira Country Club in Bukoto, Kampala. They are taking shape day by day and very soon the project will be completed.

The extension facilities include; squash courts, huge indoor and outdoor restaurants, a youth and business centre, conference facilities, pool-side apartments, a six-lane bowling alley and underground parking facilities.

On completion, the hotel will also have a luxurious shopping mall.

Kabira Country Club is within close proximity of the Central Business District, with convenient access to all parts of the city and essential social amenities, like shopping centers, prime residential and international diplomatic neighbourhoods, international schools and the golf course in the heart of the city.

Second phase of Kingdom Kampala

According to Crane Management Services Limited, one of the companies under Ruparelia Group, in charge of properties, Kingdom Kampala is a mixed-use development located in the heart of Kampala. This property is located between three main roads- Nile avenue, Yusuf Lule Road and Dewinton Road in the Central Business District and offers rare exclusivity and outstanding luxury. The future facility will host a luxury hotel with conference facilities and events space -16,500sqm, corporate office space of about 40,000sqm and a shopping center with an external piazza and entertainment facilities worth 30,000sqm plus residential apartments.

However, the construction of 200 luxurious hotel is ongoing at Kingdom Kampala, which is the second phase. “We are going to start building this hotel project at Kingdom Kampala from 2023 and finish in 2026. The hotel will be known as Kingdom Kampala Hotel,” Dr. Sudhir explained at the announcement,” said not long ago before the works for the hotel were launched.

Pearl Business Park

Sudhir Ruparelia is set to turn the former headquarters of Chieftaincy of Military Intelligence (CMI) along Yusuf Lule Road into a multimillion dollar business park. The Pearl Business Park is an 18-acre mixed use facility that will host a 5-star hotel, a shopping mall and a modern hospital when complete.

Convention Centre at Commonwealth Speke Resort Munyonyo

The government of Uganda and businessman Sudhir Ruparelia’s joint venture blueprint to build a modern Convention Centre at Commonwealth Speke Resort Munyonyo to host the Non-Aligned Movement (NAM) summit.

The Ministry of Finance has finalised the budget and presented a supplementary request to the Parliament of Shs86.4 billion to co-invest in the project.

Accordingly, the modern ultra-Convention Centre will later, also host the South Summit of the G77 and China. Ugandan MPs have appreciated the project.

It should be remembered that Sudhir provided the land and technical supervision of the project, after government saying it lacked enough money to build its own convention centre.

Speke Resort and Convention Centre

The five-star Speke Resort and Convention Centre, Entebbe being developed will have a marina, a convention centre and a 3-winged main hotel block, with up to 10 visible floors penthouse suites on the top floor.

Ruparelia Group already has an assortment of high-end hotels, resorts, restaurants and apartments spread across Kampala and Entebbe.

Ruparelia Group under Speke Group of Hotels has facilities like Speke Resort and Conference Centre, Munyonyo Commonwealth Resort, Kabira Country Club, Speke Hotel, Dolphin Suites, Tourist Hotel, Forest Cottages, Speke Resort Bujagali Falls and the recently expanded Speke Apartments

Stories Continues after ad

URA intercepts over 200,000 undeclared watches being smuggled into Uganda

impounded watches.

Uganda Revenue Authority (URA) customs operational unit has uncovered a smuggling scheme by an importer attempting to bring in 203,446 undeclared watches into Uganda.

The watches had been concealed at the back of the container in a shipment of dutiable goods, including mixed garments, smart TVs and shoes.

However, through use of Non-Intrusive Inspection technology at the border point and field intelligence enforcement operations, the team detected the watches through the Malaba One Stop Border Point. The watches are also estimated to cost more than $5,000.

In regards to the operation, Ibrahim K. Bbossa, the URA Spokesperson, revealed that URA has employed advanced technologies such as X-ray equipment to help in identifying the contents of containers while they are still in transit.

He added that Electronic Cargo Tracking Systems (RECTS) is also being utilized to prevent any tampering with the cargo throughout the transportation process.

“In order to ensure the safety of imported goods, URA will continue to utilize the advanced Non-Intrusive Inspection (NII) equipment with high penetrative ability to help detect radiation sources and protect against the potential dangers of radiation poisoning,” he emphasized.

In regards to this offence, the importer is likely to face imprisonment for a term not exceeding five years or to a fine equal to fifty percent of the dutiable value of the goods involved, or both as per section 200 of the East African Customs Community Management Act (EACCMA).

Stories Continues after ad

Justice Stella Arach to be laid to rest on Saturday

Late Justice Stella Arach

The fallen Supreme Court judge late Lady Justice Mary Stella Arach Amoko will be laid to rest on Saturday.

According to the burial program which was released by Judiciary, Justice Arach will be buried at Jukiya Hill Ward, Juba Village Nebbi District. She died on June 17, 2023 at Nakasero Hospital.

The release of the burial program follows a High Court ruling that ordered that the deceased be buried at her ancestral home as she wished.

According to the tentative burial program, Arach’s body will later today depart from Kampala for Nebbi.  On Friday, there will be a special joint District Council sitting at Nebbi District Council hall followed by a vigil at the deceased’s ancestral home.

There will be a requiem mass at Caritas grounds and thereafter, burial at Jukiya Hill Ward, Juba village, Nebbi District.

Backround

Following her death, the judiciary issued a funeral program that the deceased justice was to be buried in Nebbi and later released another one showing that she would be buried in Adjumani on June 23, 2023.

However, this prompted the deceased’s children through their lawyers to serve a cease and desist on the Judiciary and on June 22, 2023 vide the Chief Registrar’s letter a postponement of the burial program was communicated; new dates were to be communicated later.

On June 22, 2023 the late Arach’s children filed an application challenging the Ambassador Idule Amoko’s decision to bury their mother in Arra Parish, Pachara Sub-county, Adjumani Adjumani.

Initially Justice Arach wished to be laid to rest at her family ancestral home/burial ground at Jukiya Hill Ward, Juba village, Nebbi District in accordance with the customary law of Ker Kwaro Kaal Jonam.

Ambassador Amoko claimed that in Madi to which community he belongs, that a lady who is deceased is buried in the burial grounds of the family where she is married in proximity with her spouse and that becomes her ancestral home, unless she wills otherwise or was divorced at the time of death.

Court directed that the Attorney General and Ambassador Amoko in consultation with the applicants should immediately commence the burial arrangements of the late Arach.

Court further directed that Ambassador Amoko and his family members shall freely attend the funeral of the late Justice Arach without any disturbance.

Stories Continues after ad

Leaders pay tribute to Wafula Ogutu’s wife

Mr. Wafula Oguttu laying a wreath on the casket containing the remains of his wife, Alice Nabugembe at St. Luke Church of Uganda-Ntinda. Photo credit-Eagle Online.

Several leaders have paid tribute to Alice Nabugembe Wafula, the departed wife of veteran Journalist and former leader of Opposition Philip Wafula Ogutu.

Mrs Wafula passed away last week after a long cancer fight. Eulogizing her, several speakers described her as humble but strong pillar behind Mr Ogutu’s success.

The Minister of General Duties, in Office of the Prime Minister, Justine Lumumba described the late as irreplaceable”

“We thank Alice for being there for the family as Chief as he was popularly known at home was busy with his schedules. She oversaw growth of children but above all she was there for Wafula as his daily calendar was tight” Mrs Lumumba said.

The Leader of Opposition in Parliament (LoP) Mathias Mpuuga praised the late for standing by Mr Ogutu in both good and bad time

Leaders paid tribute at St Luke’s Church of Uganda, Ntinda where the funeral service for late Nabugembe was held.

Mpuuga said, “On behalf on my family and the Opposition platform in Parliament, I offer my sincere condolences to you upon this loss of a person with whom you enjoyed an unbreakable bond; your true friend,”

“We thank God for Alice’s life and the special talents that she shared with those that knew her as a mother, auntie, sister, friend and most especially, Wafu’s wider political family,” he said.

He said it calls for a strong woman to stand the troubles and challenges of a Ugandan opposition leader Alice was just that! Losing such a person is devastating but we are keeping you and your family in our prayers that the Almighty God comforts you in this very difficult time.

Mike Mukula, the National Resistance Movement (NRM) Vice Chairman for Eastern Uganda who described himself as a friend of Mr. Ogutu having studied with Mr.Oguttu at Teso College Aloet, said the loss of Alice is a big loss to the Wafulas.

Forum for Democratic change (FDC) party president Eng. Patrick Amuriat Oboi used the occasion to ask government to equip Cancer Institute with necessary drugs and machines. The same message was re-echoed by Wafula who said it has been expensive footing cancer bills.

She will be laid to rest on July Saturday 1, 2023, at Sanika Village, Nsono Parish, Nankoma Sub-County in Bugiri District.

Stories Continues after ad

Ministers Kitutu, Lugoloobi committed to High Court for trial

The Anti-Corruption Court has committed the Minister for Karamoja Affairs Mary Goretti Kitutu and Minister of State for Finance, Planning and Economic Development Amos Lugoloobi to High Court for trial after the prosecution completed its investigations.

Appearing before Moses Nabende, the Chief Magistrate of Anti-Corruption Court, the two were committed alongside Joshua Abaho, the Senior Secretary at Office of the Prime Minister (OPM) and Kitutu’s brother Michael Kitutu Naboya.

During the proceedings, the court ordered his passport to be returned to him since he has adhered to all court directives.

Prosecution avers that between June 2022 and January 2023 at the Office of the Prime Minister stores in Namanve, Kitutu, Abaho and Naboya caused loss of public property in form of 9000 iron sheets by diverting them from the intended purpose of benefiting the Karamoja community empowerment programme to their own benefit knowing that such acts would result into loss of public property.

It is further alleged that the minister alongside her secretary between June 2022 and January 2023 caused the loss of 5,500 iron sheets meant for Karamoja.

Prosecution also states that Naboya Kitutu between similar months at Situmi village, Namisindwa district received 100 iron sheets marked ‘OPM Uganda’ having reason to believe the same to have been feloniously obtained.

Prosecution states that between the 14th day of July 2022 and 28th February 2023 at the office of the Prime Minister’s stores in Namanve in Mukono district, Lugoloobi dealt with government property- 400 pre-painted iron sheets marked Office of the Prime Minister having reason to believe that they were acquired as a result of loss of public property.

He reportedly used the 400 iron sheets to roof animal shade at his farm in Bbaale.

Over the weekend, the Director of Public Prosecutions (DPP) Jane Frances Abodo dropped charges against Speaker of parliament Anita Among, the Vice president Jesica Alupo and the Prime Minister Robbinah Nabbanja.

She said they have evidence against only three ministers; Agnes Nandutu, Mary Goretti Kitutu, Amos Lugolobi and three other technocrats.

Stories Continues after ad

Rotary District 9213 launches Boy Child Uplifting Program focusing on basic education and literacy

Edward Kakembo Nsubuga.

The Rotary District 9213 has launched the Boy Child Uplifting Program focusing on basic education, literacy, economic and community development to impact boys in the communities they live in.

Edward Kakembo Nsubuga the District Governor of Rotary District 9213 this morning announced the launch of an initiative aimed at addressing all critical issues faced by the boy child in Uganda.

“Recognizing our society has predominantly concentrated on initiatives empowering the girl child, with only 13% of documented efforts directed towards mentoring boys,” Kakembo said.

A number of studies and reports have stated that the exclusion of the Boy child has had profound consequences on a generation of young men. These consequences include increased crime rates, low self-esteem, prone to violence habits, alcoholism, drug abuse, and increasing school dropout incidences.

“This initiative will be sustained through Rotary programs like Basic Education and Literacy and the Economic and Community Development that Rotary Clubs and Rotaract Clubs across the country use to reach out and impact on the communities they live in. Collaborative partnerships will also be forged with religious institutions, schools and tertiary institutions, government bodies, NGOs, prisons, rehabilitation centres, financial institutions, private organizations, and local community leadership structures to ensure a comprehensive and sustained impact,” he further noted.

Kakembo Nsubuga expressed his confidence in Rotary’s ability to mobilize resources and make a difference in the lives of the less privileged. Adding, “This program is critical and timely as we need to address the issues faced by boys, including crime, drug abuse, terrorism, and truancy. I also believe the success of this initiative will lead to a positive transformation of society, promoting skill development, entrepreneurship, and healthier family dynamics…”

Rotary District 9213 is part of Rotary International, a global network of dedicated individuals united in their commitment to making positive, lasting change in their communities and the world. With over 219

Rotary Clubs and 111 Rotaract Clubs, District 9213 serves Uganda and South Sudan, harnessing the power of service to address pressing social issues and create a brighter future.

Stories Continues after ad

Parliament closer to clearing of Islamic banking

Parliament has passed a series of Bills to harmonise issues relating to Islamic Banking products, only setting aside the Income Tax Amendment Bill for committee and government concurrence.

Chaired by Speaker Anita Among, the Bills were passed to clear the way for the long awaited Islamic banking.

The Financial Institutions Act has been amended in section 115B (2) to remove the provision for a Shariah Advisory Council, which MPs said would be over-legislation, instead opting for the Bank of Uganda to institutionally address operational issues relating to Islamic banking.

The Attorney General, Kiryowa Kiwanuka, said maintaining in the Financial Institutions Act a provision for the committee would complicate the central bank’s supervisory mandate over a product it has helped to create.

“First of all, Bank of Uganda should never determine the business model of any commercial bank, it should sit outside to determine whether the product is safe for the customer; if it sits in the advisory council, who will protect the consumers?” he said.

Bugweri County MP Abdu Katuntu agreed with the Attorney General.

“You have to leave the Bank of Uganda structures to work; there is only one law which is seeking to prescribe the operational work of Bank of Uganda; what you need to have is a department…they can create some departments in charge of Islamic Banking, and this can come under Regulations and not substantive law. Bank of Uganda cannot create and regulate a product at the same time.” he said.

Then came the Excise Duty Amendment Bill 2023, which MPs passed to change Schedule 2 of the Excise Duty Act and place a 15 per cent excise duty on ledger, ATM, and withdrawal fees, to bring Islamic banking products under the same tax regime as other banking products.   This now harmonises excise duty on all banking products uniformly.

MPs unanimously okayed the amendment to the second schedule of the Stamp Duty Act to reflect a Shs15,000 charge on Islamic banking-related agreements.

The Value Added Tax Amendment Bill, which harmonises the reporting time for conventional banking practices and the Islamic banking was also passed by Members, bringing the country closer to the commencement of Islamic banking financial products by commercial banks.

Speaker Among said Muslim community has been longing for the introduction of Shariah-compliant banking products, vowing to resist people she said have been eager to frustrate the idea.

“I want to put this on record; people have been lobbying not to have this Islamic banking passed; but we must pass it;” she said.

Stories Continues after ad

ATMIS Commander Gen Okiding visits UPDF troops to assess its readiness

Gen. Okidingi leading soldiers

The Force Commander of the African Union Transition Mission in Somalia (ATMIS), Lt. Gen. Sam Okiding has visited Qoryole and Janaale Forward Operating Bases (FOBS) in Lower Shabelle region to assess the combat readiness of ATMIS troops ahead of the final phase of a military offensive against the Al-Shabaab.

Qoryole and Janaale FOBS are located in Sector One, which is under the Area of Responsibility of ATMIS Uganda People’s Defense Forces (UPDF) troops.

During the visit, the Force Commander inspected facilities at the two FOBS and held a meeting with the military leadership and later addressed the troops. He urged them to be more vigilant to ensure the safety of local communities during the transition period.

“My visit here today is to boost your morale and check on your readiness to face the enemy and safeguard the people of Somalia. Our main focus is to deliver on our mandate and leave behind a safe and secure Somalia when ATMIS exits in December 2024,” he said.

Gen. Okiding later held a meeting with area leaders including the local administration officials and clan elders to deliberate on how to collaborate with ATMIS forces to defeat the threat posed by Al-Shabaab.

He was accompanied by Sector One Commander Brig. Peter Omola and Col. Charles Asiimwe Kibaate, the Commander of Battle Group 37, in charge of Qoryole and Janaale FOBS.

ATMIS is currently in the process of handing over seven Forward Operating Bases and withdrawing 2000 troops by June 30, 2023 in compliance with UN Security Council Resolutions 2628 and 2670 that require ATMIS to gradually handover security responsibilities to Somali security forces.

The AU peacekeeping forces and the Somali National Army (SNA) are expected to launch a fresh round of a military offensive in a final push to degrade the Al-Shabaab and liberate remaining territories under their hold.

The Somali- led joint operation will target the Lower Shabelle and Jubaland regions as the Federal Government of Somalia (FGS) continues to extend its authority.

Stories Continues after ad

Speaker Among orders investigation into murder of five family members in Masaka

Speaker Among

The Speaker of Parliament Anita Among has directed the Minister of Internal Affairs to expedite investigations into the killing of five members of the same family in Bukoto County, Masaka District, on June 23, 2023.

Among said the incident is one of the rising killings in the country that have left citizens in fear. She noted that the investigation is as necessary as the measures to prevent likely killings, which she said, are becoming rampant.

“We need divisive and deterrent measures to restore safety and confidence in our population. This has not happened only in Masaka but in Kayunga and other places,” the Speaker said during plenary on Tuesday, June 27, 2023.

She added: “We need that investigation; we need to give clear assurance to the affected communities that they will not be killed the next day.”

On the fateful day at around 2 am, unknown assailants descended on Kijonjo Village, Kamwoozi Parish in Buwunga Sub-county, Masaka District, and hacked to death five family members.

The victims were Emmanuel Muteesasira, 57, (head of family), his wife Proscovia Ndagaano, 52, Beatrice Nakalyango, 13 (daughter), and two grandchildren – Shivan Nakasagga,5, and Robert Kayemba, 2.

Ms Among also tasked the Internal Affairs Minister to give Parliament an update on security issues raised by MPs, including the low staffing at police posts across the country.

“Truth be told we have few police personnel; I have written so many times to be given to police personnel in my district but I have not been helped. Just imagine when people are killed in the night and the nearest police post is 20 kilometers away!” she said.

She said Parliament is ready to support the Uganda Police Force to recruit more officers, refurbish their facilities, establish new police posts and acquire more patrol vehicles.

Bukoto County East MP Ronald Kanyike, attesting to the Speaker’s reiterations, said the scene of crime in Masaka District is far from the police station, which serves the area.

“Masaka has no police headquarters, the District Police Commander (DPC) and Resident District Commissioner all sit in Masaka City. In fact, when we contacted the DPC over the murder, he had to contact people of Masaka City to come to our rescue,” said Mr Kanyike.

Mr Abed Bwanika (NUP, Kimaanya-Kabonera Division), who also hails from Masaka, said his constituency was not any different.

“In Kimanya, we have zero patrol vehicles yet it is a whole division. When the minister is appraising us on the security issues, he should update us on police facilitation,” said Mr Bwanika.

The Minister of Security, Maj Gen (Rtd) Jim Muhwezi, said the Uganda Police Force has revamped its operations, which were initially challenged by funding constraints.

Stories Continues after ad

Museveni promotes Brig.Richard Otto to Major General

President Yoweri Museveni who doubles as Commander in Chief of the Uganda People’s Defence Forces has promoted Brig Gen, Richard Otto to the rank of Major General

The promotion was announced by Deo Akiiki the Uganda Peoples Defence Force Deputy spokesperson in a statement issued today.

“The CDF is pleased to announce the promotion of Brig Gen, Richard Otto to the rank of Maj General by the president of the Republic of Uganda and Commander in Chief of the Uganda People’s Defence Forces,” Deo Akiiki revealed.

In 2017, Richard Otto was appointed the commanding officer of the third army division of the UPDF, based in Moroto. Before that, he served as the commander of the UPDF contingent in the Central African Republic, as part of the African Union Regional Task Force (AU-RTF), the regional counter-offensive against the Lord’s Resistance Army (LRA).

The General officer was recently appointed the Chairperson of Security Supervisory Mechanism (SSM) in South Sudan whose role is to monitor chapter 2 of the peace agreement which deals with peace and security.

Prior to this appointment, he had served in Somalia as a Uganda Contingent Commander in 2020 and back home as 3 Infantry Division Commander respectively.

Deo Akiiki, congratulated the General officer for the well-deserved promotion and wished him good luck in his new assignment. 

Stories Continues after ad