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. 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. [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. [54], Kiggundu made the administration block for his Agro processing industries an exact replica of the US President's Office which he named The White House Uganda as an illustration of possibilities in his bid to attract future tourists, both local and international to boost Uganda's tourism industry and pioneer national growth and prosperity as well as encouraging fellow Africans to transform their motherland into a dreamland. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. [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. Kiggundus story is one of hard work, determination and sheer ambition. 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 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. This was met with both significant excitement from the sports community and deep scepticism from the public. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . Its international presence in five countries is testament to this ambition. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. What was it like building your first commercial property in Kampala, Ham Towers? 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. Hamis Kiggundu is a true success story, having risen from humble beginnings to become one of the wealthiest individuals in Uganda and the world. Do you have a story or an opinion to share? Karim Hirji USD 800m [20], The entire an estimated cost of US$139 million according to Forbes Africa. 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. [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. 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. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. 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. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. Ham Enterprises also has a property portfolio in the United States and UK. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. In life, we all desire to have a good life and to become successful men and women. Hamis Kiggundu commonly known as Ham,[2][3][4][5] born February 10, 1984 in Masaka, is a Ugandan based international businessman, investor, real estate and property developer, philanthropist,[6] author and lawyer. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. So, Ham Towers was the first building in our portfolio and our flagship property. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. 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. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. Homepage. After all, the stadium had not been touched since the 1960s, and it was showing its age. The last two years have disrupted many things including the wealth of the rich class. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. 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. He is a 34-year-old billionaire who directly employs more than 1,200 people. So you started your business journey by trading garments, furniture and ladies bags. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. So, it is best you pull everyone you can for collective welfare based on reality. . 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. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. The highest achievement of a Lifetime", "10 Things You Didn't know about Ham Hamis Kiggundu", "The Untold Story Of Uganda's Youngest Billionaire Hamis Kiggundu And", "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium", "How Hamis waved Museveni's order to take over Nakivubo land", "First Lady's visit an endorsement of Nakivubo work, says", "Hamis Kiggundu's Book Wins Business Book Of The Year! [48][49] [50][51][51], The pilot project of the Ham Integrated Agro-Processing Industries in the Central region of Uganda which also the Headquarters the entire 10 projects located in Akright City, the Entebbe Express road based industrial complex. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). The Book became a bestseller in Uganda and by December 2018. 132 ratings17 reviews. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. He also wanted to ensure that the stadium was able to handle the needs of multiple sports, so he decided to lay several courts and tracks on the main field. 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. By Hamis Kiggundu". [19], In June 2017, construction works kick-started and the stadium took shape. 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. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. 4.03. [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. If the Americans have something so grand over there, we too can have it here. 6. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. [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. As their businesses thrive, their net wealth will continue to increase. Hamis Kiggundu (born February 10, 1984), commonly known as Ham, [1] [2] [3] [4] is a Ugandan businessman, investor, real estate and property developer, philanthropist, [5] author and lawyer. Your group employs more than 7,000 people all in. The Ham Group is one of the largest conglomerates in Uganda, with presence in 5 international countries, including The United Arab Emirates, South Africa, United Kingdom, United States and Canada. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. Hamis Kiggundu. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. 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. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. Hamis Kiggundu (born February 10, 1984), commonly known as Ham,[1][2][3][4] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[5] author and lawyer. 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. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . [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. He is the chairman and principal stakeholder of the Ruparelia Group's firms. After Ham Towers, I had mastered the game of commercial real estate. However, this kind of funding is currently not available in Uganda. Later, after school, his father gave him startup capital to begin his business venture. Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. 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. 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. $36.484 billion (nominal, 2020 est.) I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. 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. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. From there, it was only natural that he would move on to bigger projects, such as real estate. When Ugandan businessman Hamis Kiggundu, started his first business years . Bebe Cool - $2.6 million. This came as a recognition of his contribution to the countrys economic progress. 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. 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. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. 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