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. A poor society can only pull one downwards, never upwards. In 2015, Ugandan President Yoweri Museveni tasked Hamis Kiggundu with the ambitious project of redeveloping and upgrading the Nakivubo Stadium into a modern sports facility. I own and fully finance a charity organization operating as Ham Foundation. 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. ", 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. [61] Construction started in 2019 and is still on going and as of march 2022 ready units were put market. 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. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. 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 company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. Exploring the Possible Causes and Judith Babirye: Gospel singer speaks out on why she fled her Prophet Samuel Kakande: Biography, Son, Wife, Family and Church, Apostle Grace Lubega: Biography, Wife, Family and Christian Ministry. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. $36.484 billion (nominal, 2020 est.) He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. [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 . 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. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. Farmers can then repay in form of Agro produce, according to Forbes. Kiggundu was born into privilege and he admits that much. 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. The Book became a bestseller in Uganda and by December 2018. . . With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. As their businesses thrive, their net wealth will continue to increase. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. 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. Kiggundu is an absolute example of how one mans vision, coupled with a strong faith can lead to great success in Uganda. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. She is also one of the property moguls in Kampala. 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 Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. 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. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. He established a youth training centre on-site to provide young people with a place to honour and improve their athletic talents. 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. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. 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. After all, no man is an island. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. Kiggundus donations have made a huge difference in helping to protect and aid Uganda citizens both during the COVID-19 pandemic and beyond, and for that he deserves immense praise. Man is successfully born with nothing but life. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda By Hamis Kiggundu". Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. HAMIS KIGGUNDU Group CEO. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. Later, after school, his father gave him startup capital to begin his business venture. 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. Later, I attended Makerere University and graduated with a bachelor of laws. The other properties include a Logistics Company trading as Ham International Express Logistics LLC based in Euless, Texas having various trucks distributing logistics across America. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. With its headquarters in Kampala, the enterprise employs more than 500 staff and over 2,000,000 customers. Hamis Kiggundu. 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. The portal also publishes community news and topical discussions. In addition toSudhir Ruparelia,Ham is also rated as one of the wealthiest Ugandanswith an estimated net worth of $870M as of March 2021 by Forbes. [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 has also raised buildings at Arua park, Parkyard, and behind Gazaland. That is why they foreclose immediately as soon as you make a default on your payments. In April 2021, Forbes Magazine Valued his net worth at US$870 million. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. On November 3, 2022, Court terminated the cancellation of the said titles. 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. This page was last edited on 12 February 2023, at 09:46. 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. 6. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. 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. 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. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Money is only one of the tools of survival. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. Top Best 10 Richest Musicians in Uganda. Hamis has invested in real estate, agro-processing, education, and technology among others. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who are part of a family with extensive property investments in Kampala. I can easily sell them gradually once I need financing. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. Managers must have emotional intelligence and stamina. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. 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? [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. 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. 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. How old is Uganda? All Rights Reserved. Hamis Kiggundu has handled various projects including Nakivubo Stadium redevelopment and upgrade, renamed Nakivubo Memorial Stadium and expands sitting capacity from 30,000 to 35000. 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. 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. Before he knew it, he was selling . Haruna Sentongo is another new entrant on the top 10 wealth list. With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. Muwonge is an allusive billionaire who is rarely seen in public. "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 own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. 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. If the Americans have something so grand over there, we too can have it here. 10 What is the net worth of Hamis Kiggundu? This gave me the opportunity to test the entrepreneurial waters. After Ham Towers, I had mastered the game of commercial real estate. He is the editor-in-chief of Billionaires.Africa. He says in his lifetime, Islam is the highest achievement. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Yes, I did follow in my fathers footsteps because he is equally a businessman. Ham was born and raised in an Islamic home. 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. 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. 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. 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. 2023 Billionaires.Africa. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. Kiggundu was not done yet, however. [6] 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. Your group employs more than 7,000 people all in. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. 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? 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. Apart from his business acumen, Kiggundu is also a renowned philanthropist and has dedicated a significant part of his life to helping and uplifting the lives of those in his motherland. 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. I chose those specific items because it was those commodities that my parents were dealing in then. Other projects include a charity organization named Ham Foundation that aims at social development. His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. [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. You recently donated money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines in an effort to combat COVID-19 in Uganda. 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. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. 132 ratings17 reviews. This was met with both significant excitement from the sports community and deep scepticism from the public. This project was a success, and Kiggundu opened Ham Shopping Mall 18 months later in 2010. What was it like building your first commercial property in Kampala, Ham Towers? Mesach Semakula - $560,000. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . 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. During the period I was to attend high school, my family relocated to Kampala, the capital of Uganda, and from there, I went to Kabojja Secondary School. 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. Together, they worked tirelessly to restore the stadium to its former glory. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. [8][9][10], Kiggundu was born and raised in a Muslim family. However, this kind of funding is currently not available in Uganda. 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. I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. In February 2020, Hamis hamis kiggundu net worth 2020 dragged Diamond Trust Bank to Court over fraud issues because.: success and Failure Based on Reason and Reality Ugandans and Africans on the Caxton magazine list one... Says in his lifetime, Islam is the highest achievement for other include. Help where and wherever I can since my individual personal survival is only one of the.! In business, Kiggundu and Buganda Kingdom over Kigo Land also publishes community and! 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