Billionaires

Meet the Oppenheimers, Africa’s Third Richest Family, Who Own a 75% Stake in Uganda’s Hariss International, Makers of Riham Brands.

by Jonathan LBillionairesFinanceProfilesThe Big StoryJune 10, 2024July 19, 2024

In October 2022, CEO East Africa broke the story of how one of Africa’s wealthiest families, the Oppenheimers, had acquired a majority 75% stake in Uganda’s third largest soft drinks…

Gideon Kirumira: My Father Has Taught Me the Value of Hard-work.

by Jonathan LBillionairesBusiness GuruThe Big StoryJune 6, 2024June 6, 2024

Succession planning is a crucial aspect of family businesses, yet many founders struggle to prepare their heirs for the responsibility of taking over the reins. In Uganda, the statistics are…

AFRICA’S RICHEST 2024⎮ S.Africa, Egypt and Nigeria Dominate Forbes Billionaires List

by Jonathan LBillionairesEast AfricaLists & RankingsThe Big StoryTop 10June 6, 2024June 6, 2024

Forbes Africa released its annual list of Africa’s billionaires with its 2024 class of 20 billionaires now worth $82.4bn. Collectively, these billionaires would be the 18th richest person in the…

UGANDAN BILLIONAIRES: Amos Nzeyi, the little bread vending boy from Kabale who grew up into a ‘big boy’ in Kampala

by CEO ReporterBillionairesCEOsNews & AnalysisThe Big StoryMay 17, 2024May 17, 2024

Name: Amos Nzeyi Source of Wealth: Carbonated Soft Drinks and Water, Hospitality & Tourism, Confectionaries & Real Estate  Age: 75 years Estimated Worth: US$ 57 million (UGX200 billion) Amos is…

Billionaires: Anand Kapoor quit his job to set up a forex bureau. Now he owns Pearl Dairies that manufactures Lato Milk

by CEO ReporterBillionairesThe Big StoryJanuary 29, 2024January 29, 2024

Twenty seven years ago, Anand Kapoor left an MBA course in India to take up a job on a treasury and forex desk at a Ugandan bank. After 18 months…

Billionaires: How Tanzania’s Said Salim Bakhresa built one of the biggest business conglomerates in Africa

by The CEO Magazine TeamBillionairesThe Big StoryJanuary 27, 2024January 27, 2024

Said Salim Awadh Bakhresa, one of the richest East Africans, dropped out of school at the age of 14 to become a potato mix salesperson. His proper business journey did…

How a 15 year old followed his dream and built the biggest cardboard packaging firm in Uganda, East Africa

by CEO ReporterBillionairesThe Big StoryJanuary 22, 2024January 22, 2024

At 15 years of age when most young people’s idea of having fun is clubbing, Ashish J. Thakkar, decided to start an IT company. In numerous media interviews Thakkar has…

Robert Zikusooka, the Kamuli born millionaire who has built Rose Foam into a great mattress brand

by CEO ReporterBillionairesThe Big StoryJanuary 18, 2024

If businessman Robert Zikusooka walked on the streets of Kampala, not many people would identify him. In fact it is difficult to find a clear photo of him. Zikusooka is…

Pius Ngugi, the Kenyan billionaire who has built a fortune from exporting cashew nuts, macadamia

by The CEO Magazine TeamBillionairesEast AfricaThe Big StoryJanuary 16, 2024January 16, 2024

Pius Ngugi is one of the wealthiest Kenyans. He was born in Kiambu on March 8, 1944. He is a proud polygamist and is married to Josephine Wambui Ngugi and…

From billboards to beer labels to pull-up banners: How Graphic Systems Limited became the giant of printing in Uganda, region

by CEO ReporterAdvertising & CommunicationBillionairesThe Big StoryJanuary 12, 2024January 11, 2024

If your favourite beer is Nile Special or Club Pilsner or even Bell Lager, that sleek label on the bottle that you often like to tinker with is made by…