Kayla Namulondo

Kayla Namulondo

Currency Printing Saga: Police Confirms Investigating Bank Of Uganda

Uganda police has said they investigated Bank of Uganda for suspected wrongdoing in the ongoing central bank’s currency printing saga.  Police spokesperson Fred Enanga told journalists that they are assisting State House Anti-Corruption Unit to investigate they matter.

Enanga said they have recorded statements from Bank of Uganda officials and they investigate deeper into the irregularities concerning a consignment of money that were printed in Europe and the related supply related supply chain.

Enanga said the Directorate of Criminal Investigation will continue to work with Statehouse Anti Corruption Unit and that the process will be supervised by the Director of the directorate Akullo Grace.

“They are continuing with the line of questioning on how the banking process supported the printing of the bank notes and whether there were any wrong doing on the side of the bank,” Enanga stated.

He revealed that Bank of Uganda director banking, director legal and some auditors have been questioned. Also questioned are officials from Uganda Revenue Authority, ENHAS, lawyers of the UN and selected business persons mentioned in the saga.

Bank of Uganda in hot soup when a plane their contractor hired to transport currency notes to Entebbe also carried items that were unauthorized. Many people believed that extra cargo contained Ugandan genuine bank notes totaling Shs90bn printed with authority and illegally.

When Governor Emmanuel Mutebile received the complaint he raised Statehouse to investigate the matter and now police has picked interest.

Speke Resort Gets World Luxury Hotel Awards Nomination

Speke Resort Munyonyo global appeal continues to surge after yet again being nominated in the prestigious World Luxury Hotel Awards ahead of the Gala Awards Ceremony at The Arctic TreeHouse Hotel, Finland –  Saturday 12th October 2019.

World Luxury Hotel Awards is the pinnacle of achievement by a luxury hotel, offering recognition for earning the respect of guests and industry players alike, and by awarding hotels, as voted for by the public, across 99 different categories.

Winning a World Luxury Hotel Award will not only inspire the confidence of guests and retain a loyal clientele in this highly competitive market, but it will also stimulate continuous growth and development of your hotel.

Speke Resort was last year recognised by World Luxury Hotel Awards for its status, worldwide recognition and celebration of service excellence, global marketing campaigns and promotions and customer growth. This year they have an opportunity to excel further.

The World Luxury Hotel Awards is a recognized global organization providing luxury hotels with recognition for their world class facilities and service excellence provided to guests. Winning a World Luxury Hotel Award is a prestigious accolade, bringing confidence and status to your hotel.

Established in 2006, World Luxury Awards is the pinnacle of achievement in the luxury hotel industry offering international recognition as voted by guests, travelers and industry players alike.

Luxury hotels have the opportunity to participate in the world luxury Hotels Awards by entering hotel categories that showcase their unique selling points and destinations.

The organizers of the award said a Voting Kit will be supplied to the hotels prior to the voting season. This will include the branded voting button, headers, voting support messages and suggested marketing strategies and promotional campaigns to implement.

A guest will be required to enter their email address and select the hotel and category you wish to vote in. Votes are also cast online in the voting season, taking place between 1st and 31st July 2019.

Interim voting results will be released Monday 12th August 2019, but official winners announced and revealed at the Gala Awards Ceremony at The Arctic TreeHouse Hotel, Finland – Saturday 12th October 2019.

Stylish Kingdom Kampala Towers Over City

Imagine setting up an office for your growing business inside a property that offers all the amenities that you need to have a productive day. When once you enter your office for a busy day, you don’t have to later embrace lunchtime traffic to go to the nearest restaurant, when you don’t have to worry about after work busy bustle to go shopping in the malls.

This is just what upcoming Kingdom Kampala Mall will be offering once it opens its doors to the public in May, 2019. According to Crane Management Services (a subsidiary of the Ruparelia Group), the firm managing the property, construction of the first phase of the state of art property will be complete by end of April, making it ready for tenants occupancy early May.

The building towering from where the erased Shimon Demonstration Primary School sat between Nile Avenue and Dewinton Road, before being cut off by Yusuf Lule Road, has 10 floors of office space (or 22,000m2 lettable office and retail space). It has been installed with modern sprinkler fire suppression systems, 400 CCTVs for security, 6 lifts, 3 backup 20KVA generators and a holding water tank with a capacity of 150 litres.

Kingdom Kampala, described by Mr. Rajiv Ruparelia, the Managing Director of Crane Management Services (CMS) and Ruparelia Group as a ‘mixed-use building’, once complete, will consist of a 5 star hotel, a shopping mall, another office tower, serviced apartments and a parking bay with a capacity for 2,000 cars. “I don’t think we have left out anything for this not to be called a Grade A building,” said Mr. Rajiv Ruparelia.


“This building has been tastefully designed to create unmatched shopping and working environments in line with our philosophy of satisfying the unmet need for affordable yet modern space.” Mr. Rajiv Ruparelia added revealing that on average a square metre will be going for $18 plus service fee and VAT for office space, while for retail, rent is customizable on inquiry.

The land on which Kingdom Kampala is synonymous with controversy after an Asian developer defaulted on an earlier agreed on plan with government to erect a five star hotel (Kampala Kingdom Hotel) ahead of the 2007 Common Wealth Heads of Government Meeting (CHOGM). The controversy dragged on until businessman Dr. Sudhir Ruparelia came to the rescue.

Ruparelia Group, through its real estate arm, Meera Investment, in 2016, entered into a joint venture with Kingdom Hotel and Abland Africa, a South African firm, to build a modern complex which has come to be the now ready Kingdom Kampala mall.

“The fact that we are strategically located in Kampala business center; blare, car horns and sirens can get pretty disturbing. For this, we have infused our windows and doors with sound proof double glassing so you can carry on with business in your lavish office space in peace. Brace your selves for Kingdom Kampala,” Ruparelia Group recently posted on CMS social media pages.

The exclusive and outstanding luxury building is valued at over $300m financed by Ruparelia Group and partners. “We recognize the unique needs of all our clients and aim to provide the highest standard of services. We want to provide a lasting real estate solution by providing quality commercial, official, and residential apartments.” Mr. Rajiv Ruparelia told journalists last year.

Victoria Café Relocating To Speke Apartments Kitante

Victoria Café, which is part of Speke Group of Hotels, has announced that it is quitting Victoria Towers on Jinja Road and relocating to the swanky Kitante neighborhood at the newly opened Speke Apartments Kitante.

This will most likely come as a big blow for students of Victoria University who over the years have identified with this classy restaurant – not just in the name but also proximity.

The restaurant has been occupying one of the spaces on the ground floor facing the main road. Management is still tight lipped on the reasons why they are quitting Jinja Road but it is looks like the reasons are purely inspired by business factors.

The Cafe was officially launched in 2016 at a glamorous event attended by management of Victoria University and students with an aim of improving student's social life at campus.

The cafeteria was, according to then Guild President Keith Mugabi, promised to them by Rajiv Ruparelia, the promoter of the University, to serve students.

Joseph Nyakaana, who was the acting Vice Chancellor then, while launching the Cafeteria, said the Cafeteria was offered to the University as a tool for students to live a good life while at campus.

In 2018, Victoria Café won the Best 2018 Cuisine Award at the Ekkula Pearl of Africa Tourism Awards due to its delicious “Local, Indian, International and its own made Cuisines”

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