Hamis Kiggundu is a true success story, having risen from humble beginnings to become one of the wealthiest individuals in Uganda and the world. [21], 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. He is a 34-year-old billionaire who directly employs more than 1,200 people. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. 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. [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. [35] 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. 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. 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. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. But it was really Kiggundus move into the banking sector that sealed his fortune. That is why they foreclose immediately as soon as you make a default on your payments. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. 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. 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. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Copyright 2023 Daily Express Uganda. Background 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. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. 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. Kiggundus book was nominated the best book of the year at an event arranged by the Book Forum of Uganda in Kampala. 11 Which tribe is the poorest in Uganda? In October 2020,Kiggundu won the case and Diamond Trust Bank got instructed to refund all the money Kiggundu lost on his account amounting to 34.29billionincluding 8% interest legal costs by the High Court in Kampala. 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. Ugandan business magnate, Internet entrepreneur, philanthropist, and author 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. 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. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. Why Does Zinc Make Me Nauseous? 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. Why did you choose to trade in those specific items at the time? According to Forbes, he has a net worth of $900 million. Wanna follow Hamis Kiggundu's net worth? I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. I own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. 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. Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. Hamis Kiggundu is an inspirational figure that represents the best of what Uganda has to offer. On November 3, 2022, Court terminated the cancellation of the said titles. 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. 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. 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. 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 Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. If you think your bankers are your friends, then youre mistaken; those are your business partners. 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. [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. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. [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. Your group employs more than 7,000 people all in. With banks and financiers, it is not about trust or emotions, it is about making business sense. 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. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. I equally own Hamz Link Ltd, a multimedia platform company based in Edmonton Canada. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. This gave me the opportunity to test the entrepreneurial waters. Who is the best musician in Uganda 2021? Current pictures Ham's Residence, home of Hamis Kiggundu, C.E.O of Ham Enterprises (U) Ltd show that the posh residence is not in any danger. At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. His net worth was about $1.2 billion as of 2019. 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. They must be malleable. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. 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. His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. 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. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. He established a youth training centre on-site to provide young people with a place to honour and improve their athletic talents. Its international presence in five countries is testament to this ambition. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30 million (UShs 34.29 billion and US$23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. A Subsidiary of Daily Express Media Ltd. Police confirm arrest of Minister Nandutu over iron sheets scandal, Lawyer Kashillingi named Vice President of International Lawyers Network, Corruption & Deception: The Lifestyle of Ugandans, Minister Nandutu surrenders to police, held at Kibuli, EC seeks shs80bn to organize LC, Women Council elections, Lugoloobi faces 7 years in jail over Karamoja Iron Sheets, Pastor claims to be father of 17 children rescued from suspected trafficker, Mukula decries corruption in aviation industry, Museveni was set for Khartoum visit on coup day Sudan Media reports, Ismaili Community donates hundreds of relief items to needy in Ramadan Charity drive. Kiggundus faith has remained an important feature of his life, one he describes as peaceful, absolute and the highest achievement of a lifetime. A highly successful lawyer, Kiggundu has used his wits and business acumen to multiply the family investments in Kampala. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. 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. 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. [32] 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. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. 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. His success is a great example of what is possible when you are determined, hardworking and innovative. Kiggundu further underlined his commitment to helping the Ugandan people in July 2021, when he donated USh 530 million to the Government of Uganda to help in the purchase of COVID-19 vaccine doses. [8], In June 2018 Kiggundu wrote Success and Failure Based on Reason and Reality which advises on financial success and the need to have a sense of purpose. 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. Karim Hirji USD 800m 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. Ham Enterprises also has a property portfolio in the United States and UK. 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. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. 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. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. 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. Hamis has invested in real estate, agro-processing, education, and technology among others. He is the editor-in-chief of Billionaires.Africa. 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. This came as a recognition of his contribution to the countrys economic progress. Money is only one of the tools of survival. 12 Who is the richest in Uganda 2021? Education and Early Years. Who designed the Uganda flag? 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. 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. They can also contact 0724 871079 . Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. 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 mansion was described as "palatial" by the Uganda Times. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. It is now host to several sporting events, including the local league. It comes fully equipped with its helipad and will be a regional tourist attraction. [9][10][11], Kiggundu was born and raised in a Muslim family. However, real estate remains the backbone still holding his wealthy position. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. By BigEyeUg Team. This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. As an author, Kiggundu has written two books, Success and Failure Based on Reason and Reality and Reason as the World Masterpiece, which serve as a guide for entrepreneurs who wish to follow in his footsteps. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. In April 2020, Ugandas COVID-19 task force was the recipient of an incredible donation from Hamis Kiggundu, who provided food relief supplies to help the nation fight the pandemic. 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. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. [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. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. [8][9][10], Kiggundu was born and raised in a Muslim family. Alykhan Karmali is among the richest people in Uganda born to immigrants. In April 2021, Forbes Magazine Valued his net worth at US$870 million. 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. Language links are at the top of the page across from the title. Born in 1984 and raised in a Muslim family. [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. [42][43][44] Dissatisfied by the court's order, Buganda Land Board officials resorted to media propaganda, blackmail, spreading falsehood and character assassination[45][46], Kiggundu ventured into agro-business, setting up a $156M a pilot integrated Agro Processing and value addition industrial park with a main goal of promoting agro value addition through assessing, sorting, quality analysis managing, packaging and marketing Ugandan farmer's agro produce domestically through import substitution , regionally and internationally. 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. It was nominated and consequently won an award of Business Motivational Book of the year from The National Book Forum of Uganda. Number of employees. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. 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. 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. 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. Muwonge makes all the money and takes it all. Ragga Dee - $4 million. ", "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. Farmers can then repay in form of Agro produce, according to Forbes. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. 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