The companies are Ham Enterprises and Kiggs International Uganda Limited. 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. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. 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 is the CEO of the Ham Group of Companies. Hamis Kiggundu , commonly known as Ham, author and lawyer. The last two years have disrupted many things including the wealth of the rich class. 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. Money is only one of the tools of survival. On November 3, 2022, Court terminated the cancellation of the said titles. Kiggundus book was nominated the best book of the year at an event arranged by the Book Forum of Uganda in Kampala. 6. What was it like building your first commercial property in Kampala, Ham Towers? 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. 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. What are some of your top people management tips for first-time managers? Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. They must be malleable. Before he knew it, he was selling . With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. 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. Kiggundus story is one of hard work, determination and sheer ambition. The Home is still very safe. The Book became a bestseller in Uganda and by December 2018. The outspoken young tycoon is said to be collecting not less than USD1 million a month. He has actively pursued a number of social and economic development initiatives in Uganda through his charity foundation the Karibu Foundation. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. 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. 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. This matches with my philosophy of applying reason in any prevailing circumstances. 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. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. Who is the best musician in Uganda 2021? Hamis Kiggundu is estimated to have an annual income of 100 million US Dollars in 2021 which his highest annual earning. April 26, 2020 0 682 Less than a minute Hamis Kiggundu aka Ham's residence is not in danger despite raising Lake Victoria water levels. [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. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. 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. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. Why did you choose to trade in those specific items at the time? By Hamis Kiggundu". 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. Bebe Cool - $2.6 million. News on our desk shows that the tycoon who was born in a family of 6 and . Alykhan Karmali is among the richest people in Uganda born to immigrants. Ham is considered one of the seven richest people in Uganda. The White House is a reflection of the White House in the US. At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundus properties and all corporate and personal guarantees issued by Kiggundu. If you think your bankers are your friends, then youre mistaken; those are your business partners. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. [35] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. Kiggundus hard work is certainly paying off. He is a 34-year-old billionaire who directly employs more than 1,200 people. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . Top Best 10 Richest Musicians in Uganda. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. After all, the stadium had not been touched since the 1960s, and it was showing its age. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. They also benchmark themselves against international business best practices. Hamis Kiggundu is a powerful testament to the power of dreaming big and having the courage to aim for the stars. It will house the headquarters for all his companies. It is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. I was born to Mr. Segawa Haruna and Mrs. Nakayiza Jalia on Feb. 10, 1984, and was raised in the small village of Kalungu, Uganda, which is in East Africa. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. [6] Retrieved 2020-06-19. 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 life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. 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. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. Born in 1984 and raised in a Muslim family. At the time of its inception, the Ham Group was a small trading enterprise trading in garments, ladies bags, and other related textiles. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. 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. Tell us about that business. Karim Hirji USD 800m charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. Who designed the Uganda flag? So you started your business journey by trading garments, furniture and ladies bags. 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. [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. Two decades ago, his father provided him with capital to start a trading business. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. Later, after school, his father gave him startup capital to begin his business venture. 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. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. It stands useless if it cant save peoples lives. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Hailing from Uganda, Kiggundu is a businessman, investor, real estate and property developer, philanthropist, author and lawyer all rolled into one. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. 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. Background Do you have a story or an opinion to share? 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. His determination to save lives in such a compassionate and generous manner is really something to be admired. These businessmen have made their wealth by investing in different sectors. 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. I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. It was exciting. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. [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. 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. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. . He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. 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. ", "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. 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. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. 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. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. [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. It will equally stand as an illustration of possibilities for my fellow Ugandans and Africans at large. 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. 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. All Rights Reserved. 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. 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. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. So, Ham Towers was the first building in our portfolio and our flagship property. So, it is best you pull everyone you can for collective welfare based on reality. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. He is the editor-in-chief of Billionaires.Africa. [19], In June 2017, construction works kick-started and the stadium took shape. [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 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. 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. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Farmers can then repay in form of Agro produce, according to Forbes. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. The 500 modern homes under Ham Palm Villas are a means for capital accumulation. [23] [24], Kiggundu established a charity and philanthropic arm of his group of companies through which he works together with the government and several well-wishers to create a positive and transformative change in the lives of people and communities where he operates performing a series of charitable causes; Greater Masaka Clerics, In March 2020, Kiggundu through his Ham Foundation gifted over 200 bicycles, Qurans, and prayer mats to Muslim clerics in the Greater Masaka Region of Uganda. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. His story is one of strength, perseverance and a commitment to personal values, and his life is an example for all that success is achievable through determination and dedication. We also give preference to Ugandan community news and topical discussions. All developments, past, present, and future, discoveries to come, were, are and will always be a direct reflection of the reasoning capacity of the people of such a given time frame. 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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. Muwonge makes all the money and takes it all. He also added several new stands and a modern scoreboard. After Ham Towers, I had mastered the game of commercial real estate. Haruna Sentongo is another new entrant on the top 10 wealth list. [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. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. 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. Education and Early Years. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. 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 road to wealth for Kiggundu is quite an interesting one. [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. Website. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. 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. 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. Guidance from parents sat on top of Ugandas rich list for a long time wheat agent Kikuubo a! 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