Renowned businessman and Nepalese consul to Uganda, H.E. Dr. Sudhir Ruparelia, was honoured with a Lifetime Achievement Award during the 10th anniversary celebrations of the Indian Business Forum (IBF) in Kampala.
The award recognised his exceptional contributions to Uganda’s business sector and his lasting impact on the country’s economic landscape.
In his acceptance speech, Dr. Sudhir expressed his gratitude to the organisers for acknowledging his efforts in shaping Uganda’s business environment.
He also took the opportunity to extend his deepest condolences to Uganda and the world for the passing of Aga Khan, the spiritual leader of the Ismaili Muslim community, who had significant business investments in Uganda, Africa, and globally.
The ceremony was presided over by the Deputy Speaker of Parliament, Thomas Tayebwa, who praised Dr. Sudhir and the Indian business community for their substantial role in Uganda’s economic development. He commended the resilience and innovation of the community, noting that their efforts have been instrumental in driving national growth.
The Indian community has been a key player in Uganda’s economic progress. Today, businesses owned by Indian entrepreneurs contribute nearly 65% of Uganda’s tax revenue, reflecting their significant influence on the country’s GDP.
Despite making up only around 1% of Uganda’s population, the Indian community dominates crucial sectors such as manufacturing, trade, and finance.
Indians first arrived in East Africa in the late 19th century, primarily as labourers for the construction of the Uganda Railway. Over time, they established successful businesses, becoming a central part of the economic fabric of Uganda, Kenya, and Tanzania.
The Indian Business Forum (IBF) is an umbrella organisation that unites Indian entrepreneurs and investors operating in Uganda.
Established to strengthen business ties between Uganda and the Indian community, the IBF works closely with the Ugandan government and private sector to promote investment, trade, and economic growth.
The forum plays a vital role in advocating for business-friendly policies, creating networking opportunities, and fostering collaborations between Indian and Ugandan businesses.
Over the years, IBF has attracted significant foreign direct investment and supported sectors such as manufacturing, healthcare, education, and real estate.
Dr. Sudhir Ruparelia’s remarkable business success is built upon a diverse portfolio that spans multiple sectors, each contributing significantly to Uganda’s economic development. His Ruparelia Group includes:
Real Estate: Through Meera Investments, one of Uganda’s largest property development firms, Dr Sudhir has amassed a significant portfolio of prime commercial and residential properties.
Banking & Finance: Dr Sudhir was the former owner of Crane Bank, one of Uganda’s leading commercial banks.
Education: As the founder of institutions like Delhi Public School International and Kampala Parents’ School, Dr. Sudhir has contributed to raising the standard of education in Uganda.
Hospitality: He owns some of Uganda’s most prestigious hotels, including Speke Resort Munyonyo, Kabira Country Club, and Speke Hotel, which have played a pivotal role in transforming Uganda’s tourism and hospitality industry.
Media & Entertainment: Dr. Sudhir has expanded into leisure and entertainment, with ventures such as Speke Apartments and Sanyu FM, Uganda’s first private radio station.
Agriculture: He has also invested in agriculture, including rose farming for export through Premier Roses.
Dr. Sudhir Ruparelia’s outstanding achievements have left an indelible mark on Uganda’s business landscape, and his contributions continue to inspire future generations of entrepreneurs.
