Billionaires

The phenomenal story of Prof. Dr. Maggie Kigozi, the Gayaza High School alumna who became one of Uganda’s most loved, trusted and influential business leaders of our generation.

by Muhereza KyamuteteraBillionairesProfilesThe Big StoryWomen In LeadershipJanuary 11, 2024May 3, 2024

Let’s start from where it all started. Tell us about your childhood, growing up and early working days. My father’s dad Mr. Penn Blick was a British settler in Gomba,…

How African Queen’s Sophie Nantongo built a multi billion distribution company from a cosmetics shop

by CEO ReporterBillionairesProfilesThe Big StoryJanuary 8, 2024January 8, 2024

In the late 80s, Sophie Nantongo, then in her early 20s set up a cosmetics shop in Makindye, a Kampala suburb. According to a friend, she was coming out of…

THE SECRET BILLIONAIRE: Sanjay Awasthi, the man behind Uganda’s Tembo Steels

by Muhereza KyamuteteraBillionairesProfilesQ + AsThe Big StoryJanuary 8, 2024December 19, 2024

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….

Wealth Report: African millionaires to reach 195,000 by 2032

by CEO ReporterBillionairesThe Big StoryDecember 26, 2023December 26, 2023

Over the next 10 years, the number of millionaires in Africa will reach 195,000 signaling a 42% increase from the current figures, the 2023 Africa Wealth Report has revealed. The…

From matooke vendor to owning Freedom City: How John Ssebalamu became a billionaire

by CEO ReporterBillionairesThe Big StoryDecember 13, 2023December 13, 2023

If John Ssebalamu walked from City Square to the old taxi park, chances are that nine out of ten Ugandans would not be able to positively identify him. This is…

Waiting to step into giant shoes: Meet Uganda’s billionaire heirs and heiresses

by CEO ReporterBillionairesThe Big StoryNovember 22, 2023November 22, 2023

By Michael Kanaabi Dollar Being born with a silver spoon in the mouth as the English love to say is ideally every one’s wish especially if you have faced some…

BILLIONAIRES: Meet Kimani Rugendo, the Kenyan billionaire behind Afia and Pick N’ Peel juice

by The CEO Magazine TeamBillionairesThought LeadershipNovember 15, 2023November 15, 2023

“The greatest fear of human beings is the fear of failure. But I encourage you, whatever you are doing, do it well and don’t be afraid of falling. When a…

Africa’s Top 10 Billionaires In 2023

by CEO ReporterBillionairesNovember 8, 2023November 8, 2023

1. ALIKO DANGOTE Net worth: $13.5 billionRank in 2022: 1Origin of wealth: Cement and Sugar Self-madeAge: 65Country: NigeriaResidence: Lagos Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the…

BILLIONAIRES: Meet BIDCO’s Vimal Shah, the richest East African who still dreams big

by CEO ReporterBillionairesCEOsThought LeadershipNovember 6, 2023November 6, 2023

When Vimal Shah and his older brother took their ambitious idea for man­u­facturing consumer goods to potential backers in 1985, they could not get a loan. “Unilever will kill you,” one banker told them. Since then Unilever has sold several brands to them; and international rich lists put them top of the charts – most recently at $1.7bn – in…

Man of steel:  Roofings Group’s Dr Sikander Lalani lays firm foundation for his succession

by The CEO Magazine TeamBillionairesCompany NewsThought LeadershipNovember 3, 2023November 3, 2023

On October 4 amid fanfare, billionaire Dr Sikander Lalani chairman of the Roofings Group, inked a deal that will see the firm expand its production to 150,000 tonnes-a-year thanks to a new cold rolling plant at the Namanve Industrial Park. The move, some say, is a bold expression of Lalani’s future intentions as he prepares to consolidate the firm’s position…