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Tycoon Sudhir Ruparelia to collect rent on crane bank buildings as DFCU takes over

As he lost his Bank to a smaller rival, Sudhir Ruparelia is not just getting shares in DFCU bank. He will also be collecting rent from DFCU bank because the bank will now be a tenant of his Crane management services which manages the buildings on behalf of the owner …

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Airtel Blocks Phone calls to UTL customers over 9 Billion shillings debt

Airtel Uganda has decided to terminate the interconnection agreement with the defunct Uganda Telecommunications (UTL). According to the latest press release by Airtel Uganda, airtel customers will no longer be able to make or receive calls from UTL effective Friday, February 03, 2017. “Airtel regrets to inform its customers that …

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BAILOUT BY ANOTHER NAME: Billionaire Sudhir Ruparelia gets shares in DFCU Bank after Crane Bank Takeover

Billionaire tycoon Sudhir Ruparelia will get shares in DFCU bank when the bank took over all assets and liabilities of his now defunct Crane Bank. Sudhir, his family, and his Partners Tom Mugenga and a Company known as white sapphire will get shares in DFCU as part of the Bank …

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Vodafone set to buy Airtel Uganda, MTN wins Mobile Money Battle

  India’s Bharti Airtel has announced that it will be exiting Uganda and 14 other countries within a year, with claims that the telecom operator is faced with poor performance across those markets.   The exit would pare the size of operations on the continent and could be completed within …

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By Selling Crane Bank to DFCU a British government Bank, Government has denied Ugandans a national champion

Bank of Uganda Governor Tumusiime Mutebile has confirmed that the institution has conveyed embattled Crane Bank’s assets to the Development Finance Company of Uganda Bank Limited commonly known as DFCU. According to the Central Bank Governor Mutebile DFCU emerged overall winner among thirteen institutions that bid to take over Crane …

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Emirates Rewards Lucky Ugandan Arsenal Fans

By Nathan Atiluk info@xrated.co.ug   Emirates, a global connector of people and places, and voted the World’s Best Airline 2016 at the Skytrax World Airline Awards, has rewarded eight lucky Ugandans with personalized Arsenal football jerseys. The winners participated in an eight-week radio competition in which they answered questions relating …

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Airtel Uganda Launches 100% Bonus Campaign

By Nathan Atiluk info@xrated.co.ug Just a few weeks after the completion of the ‘Tulumbe AFCON’ campaign, Airtel Uganda has announced the launch of a new campaign aimed at giving subscribers 100% bonus simply by loading airtime on their phones. Speaking about the new campaign, Airtel Uganda Marketing Director Indrajeet Kumar …

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Uganda development bank cheated me and sold my school cheaply – city Parents Owner

This is not the first time a school has gone under over loans it couldn’t pay back, the same thing happened to Kampala Parents school, Kisubi high school and many other schools. Now City Parents school’s owner is in the middle of a bitter fight to save his school after …

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Emirates introduces sustainable blankets made from 100% recycled plastic bottles

By Nathan Atiluk info@xrated.co.ug Today, Emirates has introduced new sustainable blankets made from 100% recycled plastic bottles. The soft and warm blankets are made using ecoTHREAD™ patented technology and is now available in Economy Class on all long-haul Emirates flights. Each Emirates ecoTHREAD™ blanket is made from 28 recycled plastic …

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Ugandan company shipping in fake cosmetics seized by UNBS

By Our Reporter info@xrated.co.ug Uganda National Bureau of Standards (UNBS) is mandated to enforce standards in the protection of the public against harmful ingredients, dangerous components. Pursuant to its mandate, UNBS, on 21st December 2016 seized nine (9) metric tonnes of cosmetics worth USD 11,325.680 containing hydroquinone, a prohibited ingredient …

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