Rajiv Ruparelia, the Ruparelia Group Managing Director and heir apparent to the Ruparelia Group empire of over 28 businesses, turned 30 years. At 30 years, he is probably the youngest CEO of a business empire that is now in excess of USD 1 billion (UGX3.7 trillion). In this exclusive, candid interview, billionaire Dr Sudhir Ruparelia, the group’s founder and Chairman, spoke to CEO EA Magazine’s Executive Editor, Muhereza Kyamutetera about his slow but sure road to retirement and why he chose Rajiv to take over from him. Dr Sudhir, speaking from a skiing resort in Aspen, Colorado, in the United States of America, where the family is on a skiing holiday to celebrate Rajiv’s birthday, also gives tips on how to manage intergenerational succession in family businesses.
Following the 2016 seizure and subsequent sale of Crane Bank, a bank where Dr. Sudhir Ruparelia was the second biggest majority shareholder, the businessman put up a spirited quest for justice. This 2019 he secured several wins, not just for himself alone but for several other shareholders who had lost their banks in a similar manner. Regardless of the closure of the bank, the businessman has steadied course focusing most of his energies in real estate, hospitality, education and philanthropy. For this and more, he has been named the CEO EA Magazine’s Business Person of the Year, 2019.
Conrad van Niekerk, formerly head of Coca Cola Beverages in Uganda, has been appointed the Coca-Cola Beverages Africa Managing Director for the Central Africa Region, covering Uganda, Tanzania and Ghana….
Alexander Forbes Financial Services Uganda Limited is now Zamara Actuaries, Administrators and Consultants (U) Limited. This follows the ongoing exit of the South African financial services group from Uganda and…