The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. [25], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. [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. Kiggundu was born into privilege and he admits that much. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. Together, they worked tirelessly to restore the stadium to its former glory. 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. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. 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. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. Kiggundu is an absolute example of how one mans vision, coupled with a strong faith can lead to great success in Uganda. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. With banks and financiers, it is not about trust or emotions, it is about making business sense. 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. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. [58][59][11][5], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. What are some of your top people management tips for first-time managers? You must be able to adapt to change. 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. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. Hamis Kiggundu: Biography, Family, Wife and Net Worth, Swangz Avenue Profile, Founder, CEO, Artist Signed, News and History, A Look at the Toyota Passo and Why Its Worth the Purchase, Atwakiire Catheline Ndamira: Biography, Early Life, Family, Education, Career and Achievements, Auma Linda Agnes: Biography, Early Life, Family, Education, Career and Achievements, Auma Hellen Wandera: Biography, Early Life, Family, Education, Career and Achievements. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. 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. 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. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. 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. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. [52][53], Kiggundu as of January 2023 commenced opening the Ham Agro Bank, a farmers Bank to complement Ham Agro Processing industries by accommodating for agrarian needs with Agro produce as the core instrument of trade, offering loans to farmers in form of Farming desires; for example: Machines, seeds, Services, pesticides among others. 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. 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. This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. 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. Hamis has invested in real estate, agro-processing, education, and technology among others. Managers must have emotional intelligence and stamina. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. [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 talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. [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. [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. After Ham Towers, I had mastered the game of commercial real estate. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. 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. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. 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. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. What motivates your philanthropy, and what are some of the other charitable projects dearest to your heart? Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. 132 ratings17 reviews. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. After all, the stadium had not been touched since the 1960s, and it was showing its age. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. He has invested in multiple industries, and is currently expanding his businesses footprint across the continent. 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. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. 3,500. He is the chairman and principal stakeholder of the Ruparelia Group's firms. [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. Hamis Kiggundu. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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. With its focus on customer service, profitability and sustainability, The Ham Group is set to remain an important force in Uganda and internationally for years to come. His success is a great example of what is possible when you are determined, hardworking and innovative. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. 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. Kiggundus road to success began when, in 2004, he established the Ham Group of Companies, which is now considered one of the most renowned business conglomerates in Uganda. "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. When Ugandan businessman Hamis Kiggundu, started his first business years . As my margins grew, I began to source directly from international markets and became a firsthand importer myself. It is also worth noting that we produce between 2000-3000 cables per day," he said. So, it is best you pull everyone you can for collective welfare based on reality. That is why they foreclose immediately as soon as you make a default on your payments. Karim Hirji USD 800m [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. Kiggundu is the CEO and founder of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. 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? He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. Muwonge makes all the money and takes it all. 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. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. 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 has been listed among the most generous Ugandans and Africans on the Caxton magazine list. Copyright 2023 Daily Express Uganda. 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. The last two years have disrupted many things including the wealth of the rich class. 530M to Buy COVID-19 Vaccines", "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses", "Big push as city mogul Ham donates UGX.530M to purchase 15000 doses of COVID-19 vaccine", "Hamis Kiggundu vs DTB; DTB Set to Lose Billions in New Application", "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman", "Why Hamis Kiggundu won multi-billion court case against DTB", "Court orders DTB to refund immediately Shs 120bn to Ham", "Principal judge 'rejects' bribe offer in Ham-DTB appeal case", "Hamis Kiggundu announces 'HAMZ CLUB', an Integrated Sports Complex for Uganda's Youth", "Ham Sports Centre seeks engagement with the Kabaka over Kigo land", "Land Registration Commissioner Orders Cancellation of Ham's Titles on Kabaka's Land", "Kabaka-Ham land conflict: Commissioner cancels land titles", "Businessman Ham protests cancellation of his Kigo land titles", "Court orders land commissioner to stop cancelation of Ham's Kigo land titles", "Court stops cancellation of Ham's Kigo land title", "Court halts cancellation of Ham's Kigo land titles", "Hamis Kiggundu: "Accusations That I am Suing Kabaka are FALSE, "Buganda Land Board Officials Resort To Blackmail After Court Halts Cancellation Of Ham's Kigo Land Titles", "Minister Anite hails Ham Agro-Processing Industries for creating jobs", "Tycoon Ham Kiggundu Starts Shs440 bn integrated Agro Processing Plant", "Clever Ugandans like Kiggundu have gone into agro-processing, President Museveni applauds Ham", "Uganda's Finance Minister Kasaija Impressed by Businessman Hamis Kigundu's State-of-the-Art Agro-Processing Plant", "Kasaija lauds Ham Kiggundu for setting up modern food processing unit", "Finance Minister Kasaija Extols Tycoon Ham for Setting Up Modern Integrated Agro-Processing Plants", "Businessman Ham Kiggundu ready to set up own commercial bank after meeting business partners", "Why Has Hamis Kiggundu Built the White House in Uganda? 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. It stands useless if it cant save peoples lives. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. This article, therefore, presents to you the top ten richest Ugandans including their net worth. She is also one of the property moguls in Kampala. . Muwonge is an allusive billionaire who is rarely seen in public. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. 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. Any words for young entrepreneurs who desire to achieve the level of success that you have? Looking at the mistakes I had made in my first project, I was able to move a bit faster because I knew what to expect when it came to the space of commercial real estate. 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. [60], In a bid to transform Uganda and discourage nationals from leaving their motherland in search of a better life, he decided to create what he called Ugandans' desire right at home by setting up Ham Palm Villas, a gated community 500 homes, Villas and Apartments with all required amenities that include: health and shopping facilities, international school , multi-sports complex, among others. 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. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. 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. Businessmen who grew their empires from Kikuubo as a street vendor and makeshift trader in Uganda with an net! 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