I equally own Hamz Link Ltd, a multimedia platform company based in Edmonton Canada. 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? The source of Hamis Kiggundu's wealth has been revealed. 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. $36.484 billion (nominal, 2020 est.) On top of that Sudhir has not stopped his support for charitable works and other social causes. [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October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. It stands useless if it cant save peoples lives. 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. 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. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. The Ham Group is keen to increase its position as a leader and an innovator in the industry, while ensuring that its operations are profitable and service focused. 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. Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. In April 2020 Hamis Kiggundu donated food relief to UgandasCOVID-19 task forceplus food supplies to over 100 Ugandan journalists through the Uganda Journalists Association (UJA), cash handouts to journalists for which he was criticized of. 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. Andrew Kayiira. Man is successfully born with nothing but life. 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. [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. 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. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. Why did you choose to trade in those specific items at the time? 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. With banks and financiers, it is not about trust or emotions, it is about making business sense. [32], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totaling to UShs34.29billion and US$23.4million,[33][34] with an additional 8% interest for legal costs. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles 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. Thecourt also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundus properties. I can easily sell them gradually once I need financing. He was raised in a small community of Kalunga, Uganda, in Eas. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. 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. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. His determination to save lives in such a compassionate and generous manner is really something to be admired. The company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. Yes, I did follow in my fathers footsteps because he is equally a businessman. 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. [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. $113.476 billion (PPP, 2020 est.) The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. 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. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. It is also inspiring to see a man from humble beginnings, having created such a great amount of wealth for himself and is now looking to give back to society. The portal also publishes community news and topical discussions. 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. They can also contact 0724 871079 . . [56][57], Hamz Subsidiaries and platforms include: Hamz App, Hamz Pay, Hamz Wave, Hamz Chart, HamPLine, Hamz Club, Hamz E Mall, Hamz Agro and Hamz Campus . In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. In April 2021, Forbes Magazine Valued his net worth at US$870 million. . The stadium project equally makes business sense because it is surrounded by a number of commercial premises such as shops and restaurants which will bring income for us. 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. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. If the Americans have something so grand over there, we too can have it here. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. He is the editor-in-chief of Billionaires.Africa. 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. 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. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Muwonge is an allusive billionaire who is rarely seen in public. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. ", https://www.spyuganda.com/not-even-covid-19-can-stop-education-businessman-hamis-kiggundu-launches-online-university/, "Tycoon Kiggundu dives into social media business with Hamz app", https://thecapitaltimes.co.ug/2021/10/25/city-businessman-hamis-kiggundu-launches-hamz-campus/, https://realmuloodi.co.ug/exclusive-estates-part-2-ham-palm-villas/, https://www.watchdoguganda.com/business/20220608/137748/ham-palm-villas-inside-the-finished-and-virtual-corporate-smart-homes-for-sale-to-high-class-buyers-photos.html, https://dailyexpress.co.ug/2022/06/08/tycoon-kiggundu-opens-market-for-newly-furnished-ict-corporate-smart-homes-at-ham-palm-villas/, "Pictorial: Tycoon Hamis Kiggundu's Residence Very safe and not Flooded as alleged", https://en.everybodywiki.com/index.php?title=Hamis_Kiggundu&oldid=3209756, Businesspeople in the hospitality industry, Pages with citations using unsupported parameters, Pages using infobox person with unknown parameters. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. . We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. But it was really Kiggundus move into the banking sector that sealed his fortune. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. Kiggundu was not done yet, however. What was it like building your first commercial property in Kampala, Ham Towers? He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. 13 Is Uganda poor or rich? 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