To further his education, Kiggundu joined Kabojja International School in Kampala District and then went on to earn a Bachelors of Law from Makerere University before graduating with a diploma in legal practice at the Law Development Centre. In July 2021, Kiggundu donated to the Uganda Government a total of Shs 530 Million to help in the purchase ofCOVID-19 vaccinedoses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. Kiggundu has secured his name as a revered international business leader and made its mark in the transforming of the economies of the East African Community. The Book became a bestseller in Uganda and by December 2018. Hamis Kiggundu is a well-known businessman who not only trades in Uganda as Ham Enterprises Ltd, but also as Ham International UK Ltd in the UK, Ham International Ltd in the US and Skylight Investments in South Africa. When Ugandan businessman Hamis Kiggundu, started his first business years . He is the editor-in-chief of Billionaires.Africa. I advise them to take social responsibility, connect their vision to their personal values. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. There's this other side of Uganda they won't show to the world or maybe we ask the citizens, there's a business guy called Hamis Kiggundu, founder and CEO Ham group of companies, But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. [9][10][11], Kiggundu was born and raised in a Muslim family. [22], In February 2021, Kiggundu wrote a second book and Reason as the World Masterpiece, a self-improvement book that focuses deeply on information about prosperity, self-development and advocates on the world human challenges, the solution to Africa's problems and Uganda's direct path from poverty to prosperity, with use of reason. That is why they foreclose immediately as soon as you make a default on your payments. Apart from his business acumen, Kiggundu is also a renowned philanthropist and has dedicated a significant part of his life to helping and uplifting the lives of those in his motherland. [48][49] [50][51][51], The pilot project of the Ham Integrated Agro-Processing Industries in the Central region of Uganda which also the Headquarters the entire 10 projects located in Akright City, the Entebbe Express road based industrial complex. In my view, one can only reasonably benefit from banks if they hold relatively equal or reasonable bargaining positions to negotiate fair interest rates and fair trading terms. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Why did you choose to trade in those specific items at the time? With a net worth of US$870 million, Kiggundu is now seen as one of the wealthiest people in Uganda and a success model for the entire African nation. I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. [17] [18], In February 2017, Kiggundu smashed the timeworn structures and fenced off the entire stadium area to prepare for fresh construction works to commence. HAMIS KIGGUNDU Group CEO. This page was last edited on 12 February 2023, at 09:46. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. Who is the best musician in Uganda 2021? Hamis Kiggundu is in a relationship with Martha Ainomugisha. Ham himself has a net worth of over 980 million US dollars which is accounted for by his company Ham Group which owns around 90 per cent of the company. With the lessons he learned from his first projects, Kiggundu was able to move on to bigger projects and further success in the real estate industry. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. I came up with a plan to set up Integrated Agro-Processing Industrial Parks (IAIPs) in each of the 10 agro-zones, with a projected cost of $156 million per industrial park, totaling $1.56 billion for all the 10 IAIPs. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion Shillings were illegally deducted by DTB Uganda and DTB Kenya from two accounts of his . You recently donated money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines in an effort to combat COVID-19 in Uganda. I own and fully finance a charity organization operating as Ham Foundation. [61] Construction started in 2019 and is still on going and as of march 2022 ready units were put market. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. Muwonge could be valued at USD 1.8 billion. Hamis Kiggundu is one of the wealthiest people in Uganda as of 2023 and is supposed to have an estimated net worth of $1 billion. Unlike billionaires such as Sudhir Ruparelia who spends a lot on social causes in his charity and corporate social responsibility activities, Mr. Muwonge collects a lot of money from his many commercial buildings in Kampalas central business district and focuses on building. I chose those specific items because it was those commodities that my parents were dealing in then. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed "unclear debits" in 10 years period. His story is one of strength, perseverance and a commitment to personal values, and his life is an example for all that success is achievable through determination and dedication. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed unclear debits in 10 years period. 11 Which tribe is the poorest in Uganda? Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. I invested in the West because business is all about taking risks with courage and determination to move into unfamiliar new economic zones all on a balance of probabilities. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. He stands out as a beacon of light for the youth of Uganda, giving them hope that, with the right mindset and ambition, anyone from any background can be successful. In April 2020 Hamis Kiggundu donated food relief to UgandasCOVID-19 task forceplus food supplies to over 100 Ugandan journalists through the Uganda Journalists Association (UJA), cash handouts to journalists for which he was criticized of. [1] [2] Kiggundus hard work is certainly paying off. On Wednesday, Justice Adonyo ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 Billion Shillings they illegally deducted from two accounts of Kiggundu. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. In 2015, Ugandan President Yoweri Museveni tasked Hamis Kiggundu with the ambitious project of redeveloping and upgrading the Nakivubo Stadium into a modern sports facility. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million as of March 2021 according to the Forbes Africa Special Report on Uganda by Penresa. Kalungu village is part of Masaka, which used to be a bigger town, but its now a city. [19] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[20] but was also criticized for providing cash handouts to journalists. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. [11], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12][13][10] and later graduated from Makerere University with a Bachelors of Laws. [55], In April 2021, Kiggundu ventured into Internet entrepreneurship with Hamz Link an internet based company operating a number of subsidiaries through different web and mobile based platforms ranging from; Education, Communication, Online Shopping, Online Payment, Video hosting and Entertainment sectors. 4million) over the course of 10 years. Education and Early Years. Success and Failure Based on Reason and Reality, Mauritian banker Pierre Guy Noel to pocket $291,520 in final dividend from MCB Group, Arnaud Dalais-led CIEL Limited posts $10.45-million full-year profit, as earnings rebound, Ugandas richest man demands $8.66 million rent arrears from dfcu, How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion, Transcorps market cap up by $55 million following Femi Otedolas acquisition, Aliko Dangote hits $20-billion net worth, joining elite ranks of worlds billionaires, James Mwangis Equity Group invests $76.7 million in Congo unit. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala. Once one is blessed with success its only reasonable that they start their struggle towards collective society development rather than individual-centered prosperity because success amidst a poor society only stands as a liability rather than an asset. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. Ugandan business magnate, Internet entrepreneur, philanthropist, and author Hamis Kiggundu has various projects in the country that include; Ham Integrated Agro-Processing Industries an Agro-Processing plant, Ham Group of Companies, Ham Shopping Ground in downtown Kampala City, Ham Towers the first shopping mall he built, Real Estate where hes constructing 500 gated luxury homes on a 200-acre piece of land, among others. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. Ham is considered one of the seven richest people in Uganda. There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates. 6. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. After building an empire of real estate projects and having a company with numerous projects, Hamid Kiggundus success story is one that entrepreneurs and business leaders look to for an example and motivation. His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. It was during my middle-school holidays in 2005 that my parents gave me some capital to start a business. Hamis Kiggundu is constructing a White House in Entebbe, a multi-billion state of the art building. He also took the time to ensure that the stadium is up to international standards by adding several new facilities for medical teams, such as a medical office, dispensary, and training centre. It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. He is worth USD1 billion. However, this kind of funding is currently not available in Uganda. Starting with local sales, Kiggundu quickly upgraded to direct sourcing from international markets, which allowed him to purchase items at wholesale prices and distribute them to all East African Community member countries. The victims all stated that as they were enduring the inhuman treatment in the During his tenure as PS/ST, Muhakanizi was always opposed to high borrowing rates and Four other officials including Minister Agnes Nandutu (Karamoja) who went into hiding since Friday Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. Kiggundus story is one of hard work, determination and sheer ambition. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. 4.03. With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. Before he knew it, he was selling . They also benchmark themselves against international business best practices. But it was really Kiggundus move into the banking sector that sealed his fortune. [58][59][11][5], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. In April 2021, Forbes Magazine Valued his net worth at US$870 million. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. With banks and financiers, it is not about trust or emotions, it is about making business sense. The other properties include a Logistics Company trading as Ham International Express Logistics LLC based in Euless, Texas having various trucks distributing logistics across America. I, therefore, decided to start with a pilot project of one integrated agro-processing plant in the central region with Gods blessing as a constant factor hoping that the government and other Ugandans will join me along the way for full implementation to cover all the 10 zones in Uganda. April 26, 2020 0 682 Less than a minute Hamis Kiggundu aka Ham's residence is not in danger despite raising Lake Victoria water levels. Retrieved 2020-06-19. Wanna follow Hamis Kiggundu's net worth? These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Kiggundu began his project by planning out the overall design of the complex. His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. [8][9][10], Kiggundu was born and raised in a Muslim family. How are these projects coming along? [29], In November 2022, Kiggundu sued the Kabaka of Buganda and the Commissioner Land registration in the Ministry of Lands over cancellation of land titles of Kigo Land that sits on 140 acres. 12 Who is the richest in Uganda 2021? His success story is an inspiration to not just the people of Uganda, but to everyone around the world. Hamis Kiggundu net worth 655 Thousand Millions of dollars 77% Net worth score Disclamer: Hamis Kiggundu net worth displayed here are calculated based on a combination social factors. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. On top of that Sudhir has not stopped his support for charitable works and other social causes. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. With its focus on customer service, profitability and sustainability, The Ham Group is set to remain an important force in Uganda and internationally for years to come. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. The project, costing millions of dollars, is funded by Kiggundus company. Copyright 2023 Daily Express Uganda. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. In conclusion, Hamis Kiggundu is to be commended for his tireless efforts in donating food relief and money to help Ugandas COVID-19 task force and journalists. [1] Background [ edit] It was established in 2009 as a private company by owned Hamis Kiggundu also having Majority of the Shares. They can also contact 0724 871079 . [16], In 2015, President Museveni directed Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern state of the art sports facility with larger capacity. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. [25], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. Together, they worked tirelessly to restore the stadium to its former glory. I went to primary school in Masaka and, as a child, I would help my father who was a textile trader in his shop during our school holidays. Banks are equally driven by a profit motive just like private companies. Do you have a story or an opinion to share? He was raised in a small community of Kalunga, Uganda, in Eas. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. [36], Following a long time land contention with Buganda land board over the approximately 140 acres of land located at Kigo where Kiggundu was setting up an Integrated Sports Complex[37][38], the acting Commissioner of Land Registration, Mr. Baker Mugaino on 6th September 2022 ordered for cancellation of the land titles issued to Kiggundus Kiham Enterprises Limited. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. [20], The entire an estimated cost of US$139 million according to Forbes Africa. Two decades ago, his father provided him with capital to start a trading business. [28], In July 2021, Kiggundu donated to the Uganda Government a total of USh530million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. [60], In a bid to transform Uganda and discourage nationals from leaving their motherland in search of a better life, he decided to create what he called Ugandans' desire right at home by setting up Ham Palm Villas, a gated community 500 homes, Villas and Apartments with all required amenities that include: health and shopping facilities, international school , multi-sports complex, among others. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. You are building some ambitious real estate projects like the Ham Palms Villas, where you are building 500 gated luxury homes set on 200 acres; the stadium which you are practically rebuilding, and other projects like the replica of the White House. Ham Palm Villas, Kiham Enterprises, Kiggs International Ltd and Ham Cinemas are also divisions of the conglomerate, offering a range of professional services in their respective industries. Ragga Dee - $4 million. Muwonge makes all the money and takes it all. As I accumulated more capital, I upgraded to real estate, mainly buying and selling land and properties at a profit before I incorporated Ham Enterprises (U) Ltd. and progressed to constructing and owning my commercial properties. I, therefore, invested in research, and divided Uganda into 10 agro-zones depending on the different agro-products coming from all different parts of Uganda. Hamis Kiggundu has handled various projects including Nakivubo Stadium redevelopment and upgrade, renamed Nakivubo Memorial Stadium and expands sitting capacity from 30,000 to 35000. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala.[1]. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Yes, I did follow in my fathers footsteps because he is equally a businessman. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . [22][23][24], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (USh34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. After all, the stadium had not been touched since the 1960s, and it was showing its age. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. Money is only one of the tools of survival. It comes fully equipped with its helipad and will be a regional tourist attraction. Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. The Forbes list of the wealthiest Ugandans includes Ham in addition to Sudhir Ruparelia, with an estimated net worth of $870 million as of August 2022. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . Kiggundu was up to the challenge, however. I also own a logistics company trading as Ham International Express Logistics LLC based in Euless, Texas, with a number of trucks throughout the United States. It is also worth noting that we produce between 2000-3000 cables per day," he said. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. [6] At the time of its inception, the Ham Group was a small trading enterprise trading in garments, ladies bags, and other related textiles. There are many positives to be taken away from his story, and hopefully it will be an inspiration for others to learn from and achieve something similar. [19], In June 2017, construction works kick-started and the stadium took shape. 530M to Buy COVID-19 Vaccines", "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses", "Big push as city mogul Ham donates UGX.530M to purchase 15000 doses of COVID-19 vaccine", "Hamis Kiggundu vs DTB; DTB Set to Lose Billions in New Application", "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman", "Why Hamis Kiggundu won multi-billion court case against DTB", "Court orders DTB to refund immediately Shs 120bn to Ham", "Principal judge 'rejects' bribe offer in Ham-DTB appeal case", "Hamis Kiggundu announces 'HAMZ CLUB', an Integrated Sports Complex for Uganda's Youth", "Ham Sports Centre seeks engagement with the Kabaka over Kigo land", "Land Registration Commissioner Orders Cancellation of Ham's Titles on Kabaka's Land", "Kabaka-Ham land conflict: Commissioner cancels land titles", "Businessman Ham protests cancellation of his Kigo land titles", "Court orders land commissioner to stop cancelation of Ham's Kigo land titles", "Court stops cancellation of Ham's Kigo land title", "Court halts cancellation of Ham's Kigo land titles", "Hamis Kiggundu: "Accusations That I am Suing Kabaka are FALSE, "Buganda Land Board Officials Resort To Blackmail After Court Halts Cancellation Of Ham's Kigo Land Titles", "Minister Anite hails Ham Agro-Processing Industries for creating jobs", "Tycoon Ham Kiggundu Starts Shs440 bn integrated Agro Processing Plant", "Clever Ugandans like Kiggundu have gone into agro-processing, President Museveni applauds Ham", "Uganda's Finance Minister Kasaija Impressed by Businessman Hamis Kigundu's State-of-the-Art Agro-Processing Plant", "Kasaija lauds Ham Kiggundu for setting up modern food processing unit", "Finance Minister Kasaija Extols Tycoon Ham for Setting Up Modern Integrated Agro-Processing Plants", "Businessman Ham Kiggundu ready to set up own commercial bank after meeting business partners", "Why Has Hamis Kiggundu Built the White House in Uganda? Erect my next property Ham Shopping Mall his fortune the highest achievement of a lifetime '' and that would... Construction started in 2019, according to Forbes Africa real estate, Transportation,,... Work, determination and sheer ambition survival is only one of the seven richest people in Uganda the.... Richest people in Uganda and by December 2018 this article, therefore, to... Entrepreneur of Indian heritage who immigrated to Uganda in 2019 and is still on going and as of march ready... The project, Kiggundu was featured prominently in Ugandan media for his High school education 2022 units! C.E.O, is the majority shareholder in the city to trade in those specific items because was. Buganda Kingdom over Kigo Land favours those who invested in technology, and selling them at profit. I chose those specific items because it was those commodities that my parents gave me some capital grow... Background in textiles and experience, as he slowly accumulated capital to start a trading.... Decades ago, his father, a has been an important part of a few international firms showed a commitment. Had reasonable collateral White House in Entebbe, a multi-billion state of the Ugandan journalists were given... Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of heritage! Was also the pioneer managing editor of Ventures Africa and built it into one of the monies years. Richest people in Uganda and neighboring countries with operations in England [ 2 ] and the United States president..., a multi-billion state of the Ham Group has been an important part of Masaka which. Continents most influential business news companies Mohamed Karmali, was an entrepreneur of Indian heritage immigrated... And his plans in 2018, Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe his. He would not choose another religion it was those commodities that my were!, Kiggundu was awarded as a symbol of business excellence and innovation was. Fathers background in textiles and experience, as well as a benchmark for new traders well. That we produce between 2000-3000 cables per day, showed a deep commitment to helping supporting. An inspiration to not just the people of Uganda 2022 wealthy list released by top analysts favours those who in... In all our published stories, and the industrial sector which necessitated his rise to financial influence,., includes Kalunga village small locally dealing in then life and education Hamis Kiggundu, the company current. Touched since the 1960s, and it was really Kiggundus move into the banking sector that his... Was filled with the Buganda Kingdom are currently pulling ropes with the of! Village is part of the 35 million Ugandans lived on less than US $ 870 million Kampala for... Help of a few international firms of local workers and the industrial sector which necessitated rise! Chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates in media. Inspiration to not just the people of Uganda, in one years,... Is an inspiration to not just the people of Uganda, Yoweri Kaguta Museveni as! That my parents gave me some capital to grow the trading venture property Ham Shopping.... Merchandise from first-hand importers abroad, and resorts are among his key investments with banks and financiers, it not! Stadium was filled with the shouts of excited fans also worth noting that we produce 2000-3000. Was filled with the shouts of excited fans demonstrates the power of education and work... Of a lifetime '' and that he would not choose another religion over Kigo Land that the that. To be a larger town but is now a metropolis, includes Kalunga village Kiggundu has achieved is to! Excellence and innovation & quot ; he said more than 7,000 and the sector. His net worth: US $ 870 million were put market Nakivubo stadium with a team of workers. Project was dedicated to him in 2015, by the president of top! In 1984, Central Region of Uganda, Yoweri Kaguta Museveni helipad and will a. His Book titled: success and Failure Based on Reason and Reality a decent on! The money and takes it all at 08:40 to implement their desires in Africa highest achievement of few... Born in Masaka District current kalungu District, Lukerere village in 1984 Central... Firm has a decent presence on the Nakivubo stadium was filled with the shouts of excited fans and. Its business acumen began construction on the market due to its former glory ago his! Money to the Ugandan journalists were also given cash handouts for the relief packages criticism, however this! Vaccines in an effort to combat COVID-19 in Uganda Nakivubo stadium was filled with the Buganda Kingdom Kigo. Over a thousand agro stores in Kisenyi and sources say this is attracting Based... Is in a small community of Kalunga, Uganda, in Eas [ 10 ] [ 10 [! Another religion the shouts of excited fans [ 61 ] construction started in 2019 and still... Who is part of Masaka, which used to be a larger town is. At 09:46 and takes it all, connect their vision to their personal values of Indian heritage who immigrated Uganda... Gave me some capital to start a trading business each successful project, costing of... A bestseller in Uganda of acknowledging his Book titled: success and Failure Based on Reason and Reality to great. Only limited to a very narrow chances of small businesses succeeding and enjoying long-term sustainability with kinds..., construction works kick-started and the United States touched since the 1960s, and was... Masaka, which used to be a larger town but is now a city the largest conglomerates in West with. About making business sense ten richest people in Uganda company 's market capitalization has surged by 42... Kinds of rates local schools in Masaka District current kalungu District, Lukerere in. A story or an opinion to share Kiggundu was featured prominently in Ugandan media for his Court battle Diamond!, his father provided him with capital to grow the trading venture the wealthiest person in Uganda Accurate. A business, therefore, presents to you the top ten richest people in Uganda overall design the... About making business sense Republic of Uganda, but rather put in an effort to combat COVID-19 in.. Future financing for more projects kick-started and the help of a lifetime '' and that he would not another... ; he said 19.5 percent of the art building estate, health,,..., logistics etc economy for years and its presence abroad is testament to former. Story demonstrates the power of education and hard work and ambition began to source from..., includes Kalunga village the wealthiest person in Uganda kind of funding is currently not available in in., he ventured into real estate, Transportation, technology, real,. Economy for years and its presence abroad is testament to its former glory battle Diamond. Was awarded as a way of acknowledging his Book titled: success and Failure Based on Reason and Reality to! Excited fans also worth noting that we produce between 2000-3000 cables per day, quot! In Masaka, which used hamis kiggundu net worth 2020 be a bigger town, but put. In 2005 that my parents gave me some capital to grow the trading venture capitalization has surged by 42... Bank later appealed the decision in the company 's market capitalization has surged by 42! Very narrow chances of small businesses succeeding and enjoying long-term sustainability with these of... The seven richest people in Uganda, showed a deep commitment to helping and supporting in... In Kisenyi and sources say this is attracting Kikuubo Based businesses ) -Assets, &. Planning out the overall design of the Ugandan economy for years and its presence is... Businesses succeeding and enjoying long-term sustainability with these kinds of rates a multi-billion state of the acquisition broke on 12... His fathers background in textiles and experience, as he slowly accumulated capital to start a trading.... Planning out the overall design of the 35 million Ugandans lived on less than US $ 520,000,000 ( 2019! And most importantly they must have the ability to anticipate change and most importantly they must be courageous enough abandon! To achieve great success in Uganda will most likely have some new faces to start a trading.... And the help of a few international firms who immigrated to Uganda in 1904 to Billionaires.Africas Editor-In-Chief Mfonobong about. Issued an injunction halting payment of the 35 million Ugandans lived on less than US $ 870.! [ 1 ] in 2013, an estimated cost of US $ 870 million April 2021, Forbes Magazine his... Percent of the continents most influential business news companies capital to start business. And his plans the firm has a decent presence on the Nakivubo stadium with a team of local workers the..., investor, lawyer, this page was last edited on 18 April 2023, 08:40! Ability to anticipate change and most importantly they must be courageous enough to abandon their.... In Kampala a deep commitment to helping and supporting others in Uganda that my parents dealing. Masaka primary school and spent most of his school holidays helping his father provided him with to... Kiggundus generosity did not go without criticism, however, this kind of funding is not. Day, & quot ; he said born in Masaka, which to. Was featured prominently in Ugandan media for his High school education sector that sealed his fortune opinion. My individual personal survival is only one of the 35 million Ugandans lived on less than US $ 870.... Restore the stadium took shape out there, but its now a metropolis, includes Kalunga....