Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. 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. The donations made were not simply limited to the task force, as Kiggundu expanded his support to over 100 Ugandan journalists through the Uganda Journalists Association. In your 2018 book, Success and Failure Based on Reason and Reality, you argue that Ugandas educational system is outdated and does not necessarily equip students with the practical tools needed to succeed in life. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. 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. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. 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. I embarked on the reconstruction of the stadium as corporate social responsibility for community development and equally as an example to other Ugandans and Africans that if I can pull off such a huge project with private funding, so can they. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. What was it like building your first commercial property in Kampala, Ham Towers? He is building warehouses for agro produce sales and rents them out. 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. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda Managers must have emotional intelligence and stamina. Like I said, I started small with reasonable startup capital from my parents reasonable in the sense that it was not too much for me to simply spend it on my personal needs then as a young man, nor was it too small for me not to start. The Ham Group is one of the largest conglomerates in Uganda, with presence in 5 international countries, including The United Arab Emirates, South Africa, United Kingdom, United States and Canada. 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. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. 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 . 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. 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. Money is only one of the tools of survival. It is now host to several sporting events, including the local league. Kiggundu is allegedly accused of grabbing land in Kigomeasuring 140 acres owned by the Buganda Kingdom. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. 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. List of Ugandans by Net Worth - EverybodyWiki Bios & Wiki List of Ugandans by Net Worth navigation search The per capita income in Uganda in 1999 was approximately US$650 annually. 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. [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. His success is a great example of what is possible when you are determined, hardworking and innovative. From his humble beginning as a street vendor and makeshift trader of imported items in Uganda, Hamid Kiggundu has risen to become one of the most prominent business minds in the East African Community and Sub-Saharan Africa. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. Kiggundu began his project by planning out the overall design of the complex. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? Mesach Semakula - $560,000. "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. 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. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. Wanna follow Hamis Kiggundu's net worth? His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. His success story is an inspiration to not just the people of Uganda, but to everyone around the world. He was raised in a small community of Kalunga, Uganda, in Eas. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. Muwonge is an allusive billionaire who is rarely seen in public. [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. 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. They must be malleable. The 500 modern homes under Ham Palm Villas are a means for capital accumulation. 3,500. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. 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. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. 132 ratings17 reviews. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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. Besides, Kiggundu has children from other women. [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. 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. 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. Uganda is an agro-based economy with a very good climate, fertile soils and a young energetic population that survives on imported goods that are always processed from our own agro-produce that we export as raw materials at very low cost compared to the processed imports that we usually buy expensively. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. The last two years have disrupted many things including the wealth of the rich class. 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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. The road to wealth for Kiggundu is quite an interesting one. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. 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 fact, I highly encourage them to find time and read my books, Success and Failure based on Reason and Reality, and, Reason as the World Masterpiece, with an open mind. School of Law, Makerere University, Kampala (Bachelor of Laws), Businessman, entrepreneur, investor, lawyer, Investments, Business, Need for Banking Reforms in Uganda, Success and Failure Based on Reason and Reality, Opinion on Africa's Problems and Solutions based on Reason and Reality, New App to inspire Ugandan youths, boost tourism, Real Estate and Agro-processing in Uganda: An Interview with Hamis Kiggundu of Ham Enterprises, "Ham Kiggundu: "I have made money genuinely, "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used", "Tycoon Ham drags DTB to court over sh100b", "Ham hosts Muslims ahead of Eid feast Sqoop Get Uganda entertainment news, celebrity gossip, videos and photos", "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus", "Ham Enterprises Limited: Hamis Kiggundu", "Siblings who own a piece of Kampala City", "Hamis Kiggundu: Biography, Family, Wife and Net Worth", "Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda", "Islam Is Peaceful, Beautiful, Pure and Absolute. How old is Uganda? 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. [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. This matches with my philosophy of applying reason in any prevailing circumstances. [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. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. He is also constructing a replica of the White House in Kampala, which upon completion will serve as the headquarters for some of the newer businesses he is developing an agro-processing company and a string of Web and mobile tech startups. [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. With banks and financiers, it is not about trust or emotions, it is about making business sense. The president wanted to see a modern sports facility of the times. Throughout the course of the project, Kiggundu managed to add a new athletics track, basketball court, and seven artificial turf pitches. [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Kiggundu was up to the challenge, however. 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, with an estimated net worth of $870mn dollars at 39yrs, and built a bespoke Whitehouse. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. In addition toSudhir Ruparelia,Ham is also rated as one of the wealthiest Ugandanswith an estimated net worth of $870M as of March 2021 by Forbes. 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. [19], In June 2017, construction works kick-started and the stadium took shape. 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. 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. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). Your group employs more than 7,000 people all in. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. By the time he was 28, Kiggundu had obtained a prestigious legal qualification, earned the respect of the community, taken on a leadership role in Masaka and become a role model for other young people. [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. Hamis Kiggundu is constructing a White House in Entebbe, a multi-billion state of the art building. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. Do you have a story or an opinion to share? Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Andrew Kayiira. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. [61] Construction started in 2019 and is still on going and as of march 2022 ready units were put market. By Hamis Kiggundu". She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. The stadium will comprise retail shops inside the outside wall of the facility. I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. Alykhan Karmali is among the richest people in Uganda born to immigrants. This prompted me to opt for import substitution through setting up agro-processing and value-addition plants as the only way to correct the revenue imbalance given the fact that it is the only realistic way forward towards actual prosperity for our young nation, while at the same time giving Ugandans a chance to become productive and direct participants. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. Before he knew it, he was selling steel, sugar and maize in addition to his hardware, and then as a commercial farmer with hundreds of acres of sugar and maize. He also added several new stands and a modern scoreboard. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Success and Failure Based on Reason and Reality, "Ham Kiggundu: "I have made money genuinely", "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used", "Tycoon Ham drags DTB to court over sh100b", "Ham hosts Muslims ahead of Eid feast Sqoop Get Uganda entertainment news, celebrity gossip, videos and photos", "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus", "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka", "Ham Enterprises Limited: Hamis Kiggundu", "Siblings who own a piece of Kampala City", "Hamis Kiggundu: Biography, Family, Wife and Net Worth", "Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda", "Islam Is Peaceful, Beautiful, Pure and Absolute. Kiggundu as well owns a commercial property in the United Kingdom located at 375 Moston Lane Manchester M40 9NB trading as Ham International UK Ltd. 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