By Andrew Irumba Katusabe [Sankara]
Renowned businessman and Nepalese consul to Uganda, H.E Dr. Sudhir Ruparelia, has been honored with a Lifetime Achievement Award during the 10th anniversary of the Indian Business Forum in Kampala. The recognition was given in appreciation of his exceptional contributions to Uganda’s business sector.
In his acceptance speech, Dr. Sudhir expressed gratitude to the organizers for acknowledging his efforts in shaping the country’s business landscape. He also used the opportunity to extend his deepest condolences to Uganda and the world for the passing on of Aga Khan, the spiritual leader of the Ismaili Muslim community, who had significant business investments in Uganda, Africa and globally.
Presiding over the ceremony, Deputy Speaker of Parliament, Thomas Tayebwa, lauded Dr. Sudhir and the Indian business community for their tremendous role in Uganda’s economic growth. He commended their resilience and innovation, which have significantly contributed to national development.
The Indian community has played a pivotal role in Uganda’s economic progress. Today, businesses owned by Indian entrepreneurs contribute nearly 65% of Uganda’s tax revenue, demonstrating their massive impact on the country’s GDP. Additionally, the community makes up about 1% of Uganda’s population, yet it dominates key sectors like manufacturing, trade, and finance.
Historically, Indians first arrived in East Africa in the late 19th century, primarily as laborers for the construction of the Uganda Railway. Over time, they established thriving businesses, shaping the region’s economic landscape, especially in Uganda, Kenya, and Tanzania.
About the Indian Business Forum
The Indian Business Forum (IBF) is an umbrella body that brings together Indian entrepreneurs and investors operating in Uganda. Established to strengthen business ties between Uganda and the Indian community, IBF works closely with the Ugandan government and private sector to promote investment, trade, and economic growth.
The forum plays a crucial role in advocating for business-friendly policies, facilitating networking opportunities, and fostering collaborations between Indian and Ugandan enterprises. Over the years, IBF has helped attract significant foreign direct investment and has been instrumental in sectors such as manufacturing, healthcare, education, and real estate.
Key Investments That Earned Dr. Sudhir the Award
Dr. Sudhir’s remarkable success stems from his vast business empire, which spans multiple sectors, significantly shaping Uganda’s economic landscape. His Ruparelia Group boasts investments in:
Real Estate: Spearheaded by Meera Investments, one of Uganda’s largest property development firms, owning prime commercial and residential properties.
Banking & Finance: Former owner of Crane Bank, once among Uganda’s leading commercial banks.
Education: Founder of institutions like Delhi Public School International and Kampala Parents’ School, offering top-tier education.
Hospitality: Owner of prestigious hotels such as Speke Resort Munyonyo, Kabira Country Club, and Speke Hotel, which have redefined Uganda’s tourism and hospitality industry.
Media & Entertainment: Involved in leisure and entertainment through Speke Apartments and Sanyu FM, Uganda’s first private radio station.
Agriculture: Investment in rose farming for export through Premier Roses. 
