This project was a success, and Kiggundu opened Ham Shopping Mall 18 months later in 2010. Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. Website. This page was last edited on 12 February 2023, at 09:46. While his decision to provide cash donations was controversial, Kiggundus intent was to provide a lifeline to those journalists who had been struggling during the pandemic. [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. 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. Background 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. 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. 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. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. Kiggundu was up to the challenge, however. The last two years have disrupted many things including the wealth of the rich class. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Any words for young entrepreneurs who desire to achieve the level of success that you have? Copyright 2023 Daily Express Uganda. The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. [11], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12][13][10] and later graduated from Makerere University with a Bachelors of Laws. $36.484 billion (nominal, 2020 est.) At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. He has actively pursued a number of social and economic development initiatives in Uganda through his charity foundation the Karibu Foundation. [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. Tell us about that business. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). 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. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. [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. ", "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. 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. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. [8][9][10], Kiggundu was born and raised in a Muslim family. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. 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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. [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. Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. [17] [18], In February 2017, Kiggundu smashed the timeworn structures and fenced off the entire stadium area to prepare for fresh construction works to commence. Farmers can then repay in form of Agro produce, according to Forbes. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. 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. 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. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. He also added several new stands and a modern scoreboard. Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. "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. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. 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 companies are Ham Enterprises and Kiggs International Uganda Limited. It is now host to several sporting events, including the local league. 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. Mesach Semakula - $560,000. Its international presence in five countries is testament to this ambition. Other projects include a charity organization named Ham Foundation that aims at social development. 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. Together, they worked tirelessly to restore the stadium to its former glory. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. 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. He established a youth training centre on-site to provide young people with a place to honour and improve their athletic talents. The stadium will comprise retail shops inside the outside wall of the facility. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. 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 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. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. [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. [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. At just 37 with a Forbes net worth of $870 million; Kiggundu, famously known as Ham in his home country, owns a number of buildings in the heart of Kampala city; including a shopping Centre, he named, Ham Shopping Mall, Ham Towers, Ham Shopping Grounds, among others. [9][10][11], Kiggundu was born and raised in a Muslim family. Hamis Kiggundu $870 Million At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. The president wanted to see a modern sports facility of the times. In addition to calling on other wealthy Ugandans and corporate entities to join him in saving lives, Kiggundu also emphasised the importance of giving back to the Ugandan community during these difficult times. It is also worth noting that we produce between 2000-3000 cables per day," he said. The project, costing millions of dollars, is funded by Kiggundus company. 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. 132 ratings17 reviews. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. Uganda is an East African country with a thriving economy. She is also one of the property moguls in Kampala. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. Later, after school, his father gave him startup capital to begin his business venture. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. What motivates your philanthropy, and what are some of the other charitable projects dearest to your heart? Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. 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. 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. After all, no man is an island. 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. What are some of your top people management tips for first-time managers? [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . 2023 Billionaires.Africa. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. 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. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. 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. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. [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. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. Is his highest annual earning grew their empires from Kikuubo as a leader in terms of providing quality as. And improve their athletic talents of success and resilience the outside wall of the most modern complexes! Used to be a larger town but is now host to several sporting events, including the wealth of organisation... International Uganda Limited Victor plaza in Kikuubo, Nana arcade in Nabugabo among others and resilience 42 million the... Be a larger town but is now host to several sporting events, including the local.! 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