What are some of your top people management tips for first-time managers? In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. 13 Is Uganda poor or rich? Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. Before he knew it, he was selling . They must be malleable. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. [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. 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. This gave me the opportunity to test the entrepreneurial waters. Website. In addition to Sudhir Ruparelia , Ham is also rated as one of the wealthiest Ugandans with an estimated net worth of $870M as of March 2021 by Forbes. I prefer to focus on the present and the future because challenges and mistakes are only a stepping stone forward as they give me the ability never to make the same mistakes again. Hamis Kiggundu is estimated to have an annual income of 100 million US Dollars in 2021 which his highest annual earning. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. If the Americans have something so grand over there, we too can have it here. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. I had secured the space where I was going to put the property and my garments business was still thriving while additional rental income was coming in from Ham Towers. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. As their businesses thrive, their net wealth will continue to increase. 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. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. I equally own Hamz Link Ltd, a multimedia platform company based in Edmonton Canada. He is the chairman and principal stakeholder of the Ruparelia Group's firms. The White House will house the headquarters for all my companies but will also serve as a tourist attraction. That is why they foreclose immediately as soon as you make a default on your payments. His success is a great example of what is possible when you are determined, hardworking and innovative. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. 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. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. 132 ratings17 reviews. [20], The entire an estimated cost of US$139 million according to Forbes Africa. Hamis Kiggundu , commonly known as Ham, author and lawyer. 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 the CEO of the Ham Group of Companies and is one of the wealthiest persons in Uganda with an estimated net worth of US$700 Million. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. 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. Muwonge makes all the money and takes it all. [32] 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. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. 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. Mesach Semakula - $560,000. [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. 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. This project was a success, and Kiggundu opened Ham Shopping Mall 18 months later in 2010. So, it is best you pull everyone you can for collective welfare based on reality. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles 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. 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. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. Philip Matogo Philip Matogo is a politics and business writer. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. [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. Uganda is an East African country with a thriving economy. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. 6. 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. I can easily sell them gradually once I need financing. Thereafter, Makerere University Kampala from where he graduated with a Bachelor of Laws and later the Law Development Centre (LDC) graduating with a diploma in legal practice. 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. 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 also benchmark themselves against international business best practices. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. 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 has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. The president wanted to see a modern sports facility of the times. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. Hamis Kiggundu is an inspirational figure that represents the best of what Uganda has to offer. 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. Who designed the Uganda flag? With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. So, Ham Towers was the first building in our portfolio and our flagship property. 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 . [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. 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. He is a 34-year-old billionaire who directly employs more than 1,200 people. She is also one of the property moguls in Kampala. 4million) over the course of 10 years. 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. Muwonge is an allusive billionaire who is rarely seen in public. 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. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. 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 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 has invested in real estate, agro-processing, education, and technology among others. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. [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. In addition to these projects, Kiggundu opened hospitals and schools and invested in numerous other types of industries such as oil and gas, transport, and banking. 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. Retrieved 2020-06-19. Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. 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. [54], Kiggundu made the administration block for his Agro processing industries an exact replica of the US President's Office which he named The White House Uganda as an illustration of possibilities in his bid to attract future tourists, both local and international to boost Uganda's tourism industry and pioneer national growth and prosperity as well as encouraging fellow Africans to transform their motherland into a dreamland. By Hamis Kiggundu". I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. 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. Hailing from Uganda, Kiggundu is a businessman, investor, real estate and property developer, philanthropist, author and lawyer all rolled into one. "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 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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. 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. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . 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? Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. His success story is an inspiration to not just the people of Uganda, but to everyone around the world. [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. 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. But it is to Hams credit that he parlayed that small financial gift from his father into a multimillion-dollar conglomerate that directly and indirectly employs more than 5,000 people in the country today. 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. Sudhir has maintained his Forbes net worth of USD 1.2 billion. Managers must have emotional intelligence and stamina. 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. What has your experience been like in regards to raising money from banks and other financial institutions? 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. In April 2021, Forbes Magazine Valued his net worth at US$870 million. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. 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. This matches with my philosophy of applying reason in any prevailing circumstances. [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. 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. Haruna Sentongo is another new entrant on the top 10 wealth list. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. However, real estate remains the backbone still holding his wealthy position. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. Hamis Kiggundu is a true success story, having risen from humble beginnings to become one of the wealthiest individuals in Uganda and the world. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. Hamis Kiggundu has a net worth of over 980 million US dollars which are accounted by his company Ham Group in which he owns over 90 % of the company. [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. 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. Hamis Kiggundu is one of the wealthiest people in Uganda as of 2023 and is supposed to have an estimated net worth of $1 billion. All Rights Reserved. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. The world's premier source of news on Africa's billionaires and UHNWIs. There are many positives to be taken away from his story, and hopefully it will be an inspiration for others to learn from and achieve something similar. Hamis Kiggundu net worth 655 Thousand Millions of dollars 77% Net worth score Disclamer: Hamis Kiggundu net worth displayed here are calculated based on a combination social factors. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . Its international presence in five countries is testament to this ambition. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. 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. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. 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. After Ham Towers, I had mastered the game of commercial real estate. Today, Haruna owns Nakayiza market with 12 blocks, Haruna Towers in Kisenyi, NM apartments, Old Africana agro market, Segawa market which has two blocks, he has new coming up in Kisenyi, four acres of undeveloped land in the same area, Haruna shopping mall, Haruna towers Ntinda, trading under his Haruna enterprises. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. [1] [2] 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. 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. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. It was nominated and consequently won an award of Business Motivational Book of the year from The National Book Forum of Uganda. 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. 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. 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