As the I&M Group celebrates 50 years of building this strong foundation and looks forward to the future with optimism, Dr. Ketan Morjaria, who is also a shareholder and Director...
Simpson Birungi founded Movit Products Ltd in 1997, starting with a makeshift workshop in Namasuba, Wakiso District. Since then, the company has grown into a multi-billion enterprise, becoming one of...
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...
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...
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...
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…
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…
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…
“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…
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…
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…
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…
Billionaire businessman and co-Founder of the Ruparelia Foundation, Dr. Sudhir Ruparelia, has been awarded the Lifetime Achievement Award by the Chimpanzee Sanctuary & Wildlife Conservation Trust (CSWCT) for his philanthropic…
SOURCE OF WEALTH: Manufacturing (plastics & packaging) and real estate. ESTIMATED WEALTH: UGX120+ billion Except for being a member of Kwagalana Group, an association of self-made billionaires in Kampala, Hajj…
On Saturday, June 24, 2023, the new Rotary Club of Kigo Seven Lakes Golf celebrated its Charter Ceremony at an elegant event held at the prestigious lake-shore Lake Victoria Serena…
