Kenj Nabirye

Kenj Nabirye

Sports Gala To Kick Start 2018 For Ruparelia Group

Ruparelia Group of Companies will this Sunday hold a day long sports gala at Kampala International School Uganda (KISU) in Bukoto in an effort to build teamwork, fitness and a fun filled working relationship at the multimillion conglomerate kicks of the new year.

Over twenty seven subsidiary company under the Ruparelia Group will meet at KISU to participate in sports disciplines like football, Tag Rugby, Darts, Suduku, Scrabble, Athletics, Wheelbarrow race, Tug of War, Egg and Spoon Race and Sack Race.

The Ruparelia Group, founded by Dr. Sudhir Ruparelia has been committed to the establishment and development of innovative pioneering and enduring businesses among various sectors in Uganda, including: banking, insurance, hospitality, conventions and leisure centres, education, real estate and floriculture.

In the hospitality sector, the group established Kabira Country Club, Speke Hotel, Speke Apartments, Speke Resort and Conference Centre, Munyonyo Commonwealth Resort, Dolphin Suites, Tourist Hotel, Forest Cottages and Speke Resort Bujagali Falls.

In the education sector, the group invested in KISU, Kampala Parent’s School, Delhi Public International School and Victoria University Kampala. The group owns Sanyu Fm, a pioneer local radio station, own two of the leading flower farmers and exporters in the country, Rosebud and Premier Roses.

Under Meera Investments and Crane Management, the group has established some of the country’s iconic arcades, hotels, apartments and real estate establishments. In the financial sector, the group owns Goldstar insurance, forex bureaus and a commercial bank.

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Improve Your ‘Employability’ With These Short Courses At Victoria University

You probably have a degree from a reputable university in what many consider to be a strong degree but you are finding hard to find a job. This could be the case because you lack a particular complementing skill which your degree course didn’t provide.

This year, Victoria University Kampala is offering a chance to widen your skills knowledge. The University has announced a number of skills based short courses that both job seekers and employees seeking for new skill can undertake to boost their employability.

Digital Marketing

The Internet and Online Customers have moved forward at such a fast pace that if you don’t learn about the digital medium you risk foregoing potential sales, customers, business opportunities as well as have a gap in your future career in Marketing.

The courses offer a deep understanding of marketing and to understand why digital and social media elements of marketing are so critical in business. It also offers you new knowledge and skills in Internet Marketing, help you extend your marketing knowledge, learn how to create an Internet Marketing Plan & Presence and the latest e-marketing strategies about: SEO, PPC Advertising, Social Media, Web Analytics, Blogging, E-mail Marketing and more.

This course is for job seekers and entrepreneurs, marketing managers, communication specialists, webmasters and IT managers or those who would like to a pursue a career in online marketing. It’s a ten-week course and costs shs360,000.

SPSS Statistical Package For Social Science

SPSS is one of the most used statistics programs for collection, organization and analysis of data, and perhaps the most user-friendly program. It is favored by most scholars in the field of social sciences, humanities, health sciences and business among others.

This course module introduces participants to, data entry, management and analysis using the SPSS program. Common Univariate and Bivariate statistical analyses are introduced. The scientific reporting of SPSS results in relation to univariate and bivariate analyses is also introduced.

Each SPSS session is preceded by a theoretical orientation, before applications in SPSS. Scholars and practitioners in the field of social sciences, humanities, health sciences, business among others. The course for 10 weeks and costs shs360,000.

Basic Compute Applications

This course is conducted under the Holiday Makers’ Programme. It provides skills on how to use computer applications when taking on your basic computer use tasks. It provides a full blend on MS-office packages that have become vital in business operations.

The two weeks course at a cost of Shs200, 000 is for Professional, Entrepreneur and Job seekers. It is also for school levers, higher institution graduates and Small business owners. The course will introduce to Computer systems and operating systems, Internet and email applications, Microsoft Word, Microsoft Power point, Microsoft Excel and Microsoft Access.

Entrepreneurial Development Studies

Entrepreneurship and Innovation is not just about startups: it is a topic that is rapidly growing in importance in government policy and in the behavior of established firms.

The course is for Professional, Entrepreneur and Job seekers. It is also for school levers, higher institution graduates and Small business owners. This is a ten-week course and costs shs360,000.

 

Crane Bank Saga Leaves Bank Of Uganda Naked, Facing Public Scrutiny

Bank of Uganda (BoU) had a torrid 2017 as the Crane Bank saga weighed on the country’s central bank. What began as an everyday activity to supervise and regulate the banking sector when they took over and subsequently sold Crane Bank to DFCU turned out to be a big speck in the Emmanuel Tumusime-Mutebile led regulator’s eye.

As events unfolded and more information made its way into the public domain, it turned out that Bank of Uganda which is mandated by the law to regulate and monitor the banking sector was largely at fault for failing efforts by former Crane Bank owner Dr. Sudhir Ruparelia to recapitalize the commercial bank.

In a defense filed by Dr. Sudhir Ruparelia contesting the fraud charges brought against him by Bank of Uganda, the businessman denied all fraud charges and wrong doing which reportedly caused Crane Bank to lose about Ushs400Bn. The businessman tasked Bank of Uganda to prove their allegations.

To settle the scores, mediation between Crane Bank and the businessman was suggested. The mediation proceeding have yield more positives for Sudhir Ruparelia than Bank of Uganda. Information coming through indicate that Bank of Uganda was incompetent and failed to execute their mandate something that worried the public.

Claims of corruption and conflict of interest made rounds in public domain. At one point a private citizen sued the central bank for incompetence and supposed conflict of interest.

Some sections of the public wonder why Bank of Uganda rushed to sell off Crane Bank yet the owners, the Ruparelia Group, were looking for reinvestment capital. Dr. Sudhir Ruparelia, who founded the bank in 1995, and is a leading and renowned investor in the country, maintained a leading role in bank’s growth.

The lack of clarity of issues contested and bizarreness of how the central bank handled the Crane Bank issue was a big concern to many experts in the banking sector with many predicting a collapse in the banking sector. This saga in the long run has kept significant numbers of bank users away from the banking halls as many withdrew their money and kept it home or on mobile money.

Since 2015, Bank of Uganda has closed down more than three commercial banks. In the process, many customers lost their money and businesses. The warring manner in which Crane Bank was taken over and sold was a worry to bank users.

Many people lost trust in commercial banks and Bank of Uganda. They felt safe with their monies in their houses instead of commercial banks that would be closed down easily.

Bank of Uganda reportedly spent four billion shillings (Shs4bn) on lawyers and auditors while pursuing Dr. Sudhir Ruparelia in the Crane Bank saga. The money was reportedly paid to a local law firm Messrs. MMAKS Advocates and two international audit and accounting firms, PriceWaterHouse Coopers (PwC) and Klynveld Peat Marwick Goerdeler (KPMG) in legal and ‘management’ costs, respectively.

However the money that was spent to MMAKS Advocates and David Mpanga from FK Mpanga and Company Advocates was money wasted. In late December, tycoon Sudhir Ruparelia received an early Christmas present from the justice system after the high court disqualified the two firms due to “conflict of interest” and “breach of advocate-client relationship”.

The commercial division of the high court ruled that lawyers David Mpanga and Kanyerezi Masembe who previously represented Crane Bank were privy to confidential information regarding Sudhir and that this information could be used to the businessman’s disadvantage.

Sudhir Ruparelia represented by Kampala Associated Advocates also argued that the lawyers are principal witnesses in the Crane Bank Case. This gave Sudhir Ruparelia the first round win he needed. Bank of Uganda is now represented by Sebalu, Lule & Co. Advocates.

While it is too early to predict what will come out of the mediation, one thing for sure is that the battle will be with us for a long time. Also this case will set for this country a big precedent on how commercial banks should manage their operations and how Bank of Uganda regulates the sector.

REVIEW: La Cabana Restaurant And The Brazilian Meat Experience

Over the years Chinese and other Far East cuisines have dominated many menus of restaurants in Kampala. These were mainly accessed at high end restaurants in posh suburbs of the city and Uganda’s capital.

But a new comer is changing the game. The coming of La Cabana Restaurant located at Speke Apartments, Wampeweo Avenue has brought a new way of ‘eating meat’. La Cabana has come with what has been termed as the Brazilian Churrusco Meat Experience and it is taking the city by storm.

La Cabana Restaurant is Kampala’s premium and ritzy churrasco grill restaurant in Uganda. And of late it is the place to be. It offers all sorts of meat accompanied by well prepared salads and an assortment of drinks in an environment that oozes class.

While it is largely and famously known for its exotic way of preparing meat, it also caters for vegetarians. La Cabana also has a great bar where the perfect blend of cocktails is the barman’s specialty.

Once you set foot into the expansive restaurant, the aura of finesse meat exuded from customer plates welcomes you. You don’t miss customers lip rollicking with sizeable masses of skewers of pork, top sirloin steak, lamb legs, rock salt pork cubes, BBQ chicken and beer marinated chicken.

“In addition, we have an array of home-made sides to accompany our meats and ensure you, our guests, relish your time with us. Keep your playing cards facing upright and let the food flow,”

“We entreat you to come delight and indulge in an evening of unlimited meats that have been marinated, cooked with full flavour and to perfection by our most senior grill chef.

“While the focus of our menu is meat, vegetarians can also enjoy the all you can eat vegetarian churrasco experience. We offer a range of grilled vegetables, cheeses, bread and salads.

La Cabana is not just about the churrasco experience. We do offer a continental and Indian menu along with a vibrant and snazzy bar where, the perfect blend of cocktails are the barman’s speciality,”

We offer free venues for baby showers, bridal showers, birthdays, baptism parties, Christening parties, engagement parties, luncheons and more. We are open every day from 6:30 AM – 11:00 PM.”

Speke Apartments, where La Cabana Restaurant is located, is the largest and most luxurious apartments in Uganda.  It is a mix of modern contemporary surroundings and a relaxing, laid back environment to ensure that Speke Apartments is the finest choice for both business and pleasure accommodation.

Speke Apartments offer spacious living areas, fully equipped kitchens, sumptuous bedrooms and bathrooms, designed to make you feel at home. Whether your stay is for business or pleasure, these full furnished apartment have all you could possibly need in modern accommodation in Kampala.

Location:  plot 19 -20 (Speke Apartments) Wampewo.

Telephone:  +256702711152

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