Renowned Kampala businessman Dr Sudhir Ruparelia has been appointed Honorary Counsel of Republic of Nepal to Uganda.
Dr Sudhir was appointed by the president of Nepal Bidhya Devi Bhandari.
TheSpy Uganda has learnt that the formal ceremony at which Sudhir will be handed office will take place in the first week of March in Kampala and will be presided over by his Excellency Ambassador Jhabindra Aryal Rajdoot, the Nepal’s ambassador to Egypt who has also been caretaking for Uganda.
Sudhir Ruparelia (born 17 January 1956) is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.
According to Forbes in 2015, he was the 27th wealthiest individual in Africa, with an estimated net worth of US$800 million. On 20 October 2016, the Bank of Uganda, which regulates all banks in Uganda, took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and potential run on the bank.