. How old is Uganda? . Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. 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. His story of overcoming hardship and achieving success, as well as his dedication to staying true to his faith and values, messages a positive tone of fulfilment and realisation of Ugandas potential. Other projects include a charity organization named Ham Foundation that aims at social development. [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. The road to wealth for Kiggundu is quite an interesting one. [39][40], Kiggundu through his lawyers objected his land tittles' cancellation thereby appealing in court against the commissioner's decision citing subversion of the due process of law by hijacking the public hearing, among others[41]. However, real estate remains the backbone still holding his wealthy position. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. I imported clothes and commodities from China, Thailand, Hong Kong, and Dubai, and distributed them wholesale both in Uganda and in neighboring countries, like Kenya, Tanzania, Burundi, Congo and Sudan. I can easily sell them gradually once I need financing. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. His willingness to donate to the government for the purchase of vaccine doses and to call on other wealthy Ugandans to get involved has demonstrated a profound sense of commitment to the community, and proves the power of generosity in no small way. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. Harunas aim is to turn the Kisenyi surbubs onto a new Kampala since the population is already there he is mainly based in agro markets for agro stores for all agro produce in uganda. [12], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[13][14][11] and later graduated from Makerere University with a Bachelors of Laws. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. 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. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. Its ever-growing list of divisions and operations indicates that the firm is primed to go the extra mile, to continue to provide quality services in both local and international markets. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. If the Americans have something so grand over there, we too can have it here. The company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. 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] [2] He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Kiggundus book was nominated the best book of the year at an event arranged by the Book Forum of Uganda in Kampala. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. [8][9][10], Kiggundu was born and raised in a Muslim family. 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. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. The road to wealth for Kiggundu is quite an interesting one. [28] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. Who designed the Uganda flag? 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. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. We also give preference to Ugandan community news and topical discussions. The 31-year-old billionaire who owns Ham Towers opposite Makerere University main gate and now has a mega home at the shores of Lake Victoria started making money after his years at University. In your opinion, how can African governments redesign the education system to combat financial illiteracy and prepare students for successful wealth-building, accumulation and stewardship? With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. The world's premier source of news on Africa's billionaires and UHNWIs. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. He also founded the Crane Group of Companies which includes Crane Bank, Crane Forex Bureau, Crane Management Services, and many other companies across sectors such as banking, energy, media, and hospitality, among others. ", "NCDC adopts businessman Ham Kiggundu's book for schools", https://www.amazon.com/SUCCESS-FAILURE-BASED-REASON-REALITY/dp/1719869545, "KIND-HEARTED: TYCOON HAMIS KIGGUNDU ANSWERS M7'S CALL, GIVES GOV'T 100M TO FEED THE HUNGRY DURING LOCKDOWN", "Charity: Tycoon Hamis Kiggundu donates 200 bicycles to Rural Clerics", "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy", "UJA to Support Journalists with Foodstuff", "Real Muloodi Hamis Kiggundu Donates UGX. Throughout the course of the project, Kiggundu managed to add a new athletics track, basketball court, and seven artificial turf pitches. [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. 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. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? 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. Hamis Kiggundu commonly known as Ham,[2][3][4][5] born February 10, 1984 in Masaka, is a Ugandan based international businessman, investor, real estate and property developer, philanthropist,[6] author and lawyer. In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. Why did you choose to trade in those specific items at the time? 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 net worth was about $1.2 billion as of 2019. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. Kiggundu was born into privilege and he admits that much. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Hamis Kiggundu is a true success story, having risen from humble beginnings to become one of the wealthiest individuals in Uganda and the world. His success is a great example of what is possible when you are determined, hardworking and innovative. 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. The last two years have disrupted many things including the wealth of the rich class. The stadium project equally makes business sense because it is surrounded by a number of commercial premises such as shops and restaurants which will bring income for us. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. By BigEyeUg Team. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. It is now host to several sporting events, including the local league. What started off as a small trading enterprise has grown from strength-to-strength and become the face of the multinational organisation it is today. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. Thecourt also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundus properties. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. 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. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. KAMPALA - When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. 3,500. 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. [9][10][11], Kiggundu was born and raised in a Muslim family. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . The Ham Group is keen to increase its position as a leader and an innovator in the industry, while ensuring that its operations are profitable and service focused. Muwonge could be valued at USD 1.8 billion. 10 What is the net worth of Hamis Kiggundu? [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. Mohammed Hamid is one of the youngest people in Uganda to be worth millions of dollars, and he is thought to be one of the richest people in the world. 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. Wanna follow Hamis Kiggundu's net worth? He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. What has your experience been like in regards to raising money from banks and other financial institutions? It will equally stand as an illustration of possibilities for my fellow Ugandans and Africans at large. Ham Group of Companies [1] is a Ugandan Multinational corporation privately owned conglomerate, founded by Hamis Kiggundu who is the majority share holder in each of the companies in the group. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. . Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. It is also worth noting that we produce between 2000-3000 cables per day," he said. Uganda and other African nations should redesign their educational systems in line with their societys prevailing realistic circumstances to reflect the challenges of their people, so that graduates have the capacity to forge corresponding solutions to the actual problems in such societies based on reason and reality. Ragga Dee - $4 million. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. Sudhir got a setback with Bank of Uganda grabbed his Crane bank from him and later Covid19 affected his massive investments in the hospitality, education, and flower sectors. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. John Bosco Muwonge tops the list of richest people in Uganda in 2022. He now boasts of buildings including Giant shopping arcade in Kikuubo, Nakasero complex on Nakivubo road, Mid-city arcade on Nakivubo Road, Mackay Buildings on Old Rashid Kaharmis Road among others. There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates. 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 companies without his knowledge and consent. Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. 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, In April 2021, Forbes Magazine Valued his net worth at US$870 million. The source of Hamis Kiggundu's wealth has been revealed. [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. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. 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. Andrew Kayiira. 6. Kiggundus donations have made a huge difference in helping to protect and aid Uganda citizens both during the COVID-19 pandemic and beyond, and for that he deserves immense praise. Hamis Kiggundu USD 870m Tycoon Hamis Kiggundu This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. 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. From there, it was only natural that he would move on to bigger projects, such as real estate. 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. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. But it was really Kiggundus move into the banking sector that sealed his fortune. The Ham Group, a global trading enterprise and one of the leading logistics and real estate companies in the East African Community, was started in 2005 by young entrepreneur, Francis Kiggundu. The companys aim is to continue to serve its customers and communities while promoting national development. This came as a recognition of his contribution to the countrys economic progress. It comes fully equipped with its helipad and will be a regional tourist attraction. I own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. He also wanted to ensure that the stadium was able to handle the needs of multiple sports, so he decided to lay several courts and tracks on the main field. The White House is a reflection of the White House in the US. The multi-million dollar facility is funded by Hamis Kiggundu himself. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. This page was last edited on 12 February 2023, at 09:46. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. His initiative to urge others to join him in this mission of goodwill is also a major positive, as his selfless act of charity has had a ripple effect across the country. Background He also gave a hint on this plan while launching his book, Reason as the World Masterpiece in Kampala in March 2021 and also wrote about it in the book. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. What was it like building your first commercial property in Kampala, Ham Towers? In this new Ugandas new list of the wealthiest, a lot has changed tremendously with big names such as Patrick Bitature, and Charles Mbire, among others, dropping off the top 10 as previously reported. Hamis Kiggundu is in a relationship with Martha Ainomugisha. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. Sudhir Ruparelia, Ugandas richest man with a $1.1 billion net worth in 2012, is the chairman and founder of The Ruparelia Group, Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. A former Forbes Magazine contributor covering African wealth and entrepreneurship, Mfonobong conceptualized, initiated, and managed for a decade the Forbes annual ranking of Africas richest people. [56][57], Hamz Subsidiaries and platforms include: Hamz App, Hamz Pay, Hamz Wave, Hamz Chart, HamPLine, Hamz Club, Hamz E Mall, Hamz Agro and Hamz Campus . Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. Besides, Kiggundu has children from other women. John Sebalamu is a multiple property owner in Uganda credited with starting the culture of the now mushrooming shopping arcades in the heart of Kampala. [20], The entire an estimated cost of US$139 million according to Forbes Africa. The highest achievement of a Lifetime", "10 Things You Didn't know about Ham Hamis Kiggundu", "The Untold Story Of Uganda's Youngest Billionaire Hamis Kiggundu And", "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium", "First Lady's visit an endorsement of Nakivubo work, says", "Nakivubo Stadium re-development takes shape", "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy", "UJA to Support Journalists with Foodstuff", "Journalists scramble for Hamis Kiggundu's cash", "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses", "Tycoon Ham Kiggundu donates 15,000 COVID-19 doses to Ugandans The Informer UG", "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", "City tycoon Ham Kiggundu has taken Kabaka Ronald Mutebi to Court", https://en.wikipedia.org/w/index.php?title=Hamis_Kiggundu&oldid=1150454747, Businesspeople in the hospitality industry, Short description is different from Wikidata, Wikipedia pages semi-protected from banned users, Wikipedia articles with undisclosed paid content from March 2021, Creative Commons Attribution-ShareAlike License 3.0. The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundus properties and all corporate and personal guarantees issued by Kiggundu. 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. Kiggundus story is one of hard work, determination and sheer ambition. Any words for young entrepreneurs who desire to achieve the level of success that you have? 2023 Billionaires.Africa. The companies are Ham Enterprises and Kiggs International Uganda Limited. 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. Under his leadership, the company has grown exponentially over the past few years, firmly establishing itself as a major player in the business and real estate space. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. The mansion was described as "palatial" by the Uganda Times. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. In 2017, the Ugandan government entered into a joint venture with Ham Group to effect major renovations at the stadium, involving an improvement to grounds, increasing seating from 30,000 to 35,000 and constructing retail shops inside the outside walls of the facility. "For those seeking to support us, they can just place their order on www.totosci.net, and delivery is done either the same day or the following day. 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. 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. Hamis Kiggundu is an inspirational figure that represents the best of what Uganda has to offer. 12 Who is the richest in Uganda 2021? 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. The outspoken young tycoon is said to be collecting not less than USD1 million a month. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. 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. [29][30][31], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (UShs34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. 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. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). 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. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. His success story is an inspiration to not just the people of Uganda, but to everyone around the world. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. During the period I was to attend high school, my family relocated to Kampala, the capital of Uganda, and from there, I went to Kabojja Secondary School. [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. 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. Why Does Zinc Make Me Nauseous? charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda Kiggundu began his project by planning out the overall design of the complex. Hamis Kiggundu. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. 4.03. Later, I attended Makerere University and graduated with a bachelor of laws. 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