THE SECRET BILLIONAIRE: Sanjay Awasthi, the man behind Uganda’s Tembo Steels According to Sanjay Awasthi- the Chairman and Founder of Tembo Steels Uganda Limited- there are two types of steel manufacturers in Uganda. There is a category of steel wannabes- those who import 90%-95% semi-finished steel disguised as raw materials and only add 10%-5% value and then pass that off as steel manufacturing. Then there are real steel manufacturers, who go all the way- from iron ore to liquid steel, to billets and through various forms of continuous configuration that can be made into all sorts of other steel products.

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When he came to Uganda, back in 2000, Sanjay Awasthi chose the latter- and he does it with zero importation of physical steel, unlike most of his peers and competitors. That is why he proudly identifies his company as a 100% indigenous steel maker and 100% Buy Uganda, Build Uganda (BUBU). In this interview with CEO East Africa’s Muhereza Kyamutetera, he narrates the 23-year story of Tembo Steels

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.