Uganda’s millionaire class is quietly expanding. The country added 100 new dollar millionaires in the 12 months leading up to June 2025. The addition brings the total number of individuals...
In the Ugandan business world, a few people epitomize Warren Buffett’s timeless advice like Charles Mbire, a quietly dominant billionaire, cofounder and Board Chairman of MTN Uganda. In 2024 alone,...
In a landmark moment for African enterprise, the continent’s wealthiest individuals have crossed the $100 billion threshold for the first time. The 2025 Forbes Africa Billionaires List shows that the...
Looking back, this could be attributed to the relentless effort across the numerous production value chain of Movit from manufacturing to marketing that were both very innovative and aggressive that…
At the October 2022 People’s Choice Quality Awards, held in Kampala. Torrero Liqueur won its second consecutive award for the best locally blended liqueur. This is an unprecedented feat, considering…
The story of Steel & Tube Industries, one of Uganda’s top five steel companies and the largest indigenously owned steel maker is as fascinating as it is inspiring. His is…
After making a fortune in supermarkets and commercial real estate, Ponsiano Ngabirano, the Founder & Chief Executive Officer of Capital Shoppers Supermarkets, has ventured into the hospitality industry. The retail…
ESTIMATED WEALTH: USD1.2 billion AGE: 65 years SOURCE OF WEALTH: Financial services, real estate, education services, hospitality, agriculture, and media/broadcasting MARITAL STATUS: Married, with 3 Children PHILANTHROPY: Individually and through…
The entire decade of the 90s was not any kind to Uganda in matters of health. It was the height of the HIV/AIDS scourge and the many diseases related to…
Movit Products Limited’s Executive Chairman, Simpson Birungi, has made major people reshuffles at the personal and home care products maker, attracting some big-name hard-nosed executives, including from Unilever and Indian…
Simba Group Founder, Chairman & Chief Executive Officer, Dr. Patrick Bitature has been named Entrepreneur of the Year at the just-ended African Tourism Leadership Forum, held in Gaborone, Botswana. The…
South Africa’s Nicky & Oppenheimer family, Africa’s third richest billionaires, have through one of their investment vehicles, Oppenheimer Partners, made a majority acquisition of Uganda’s Hariss International, makers of the…
Prof. Gordon Babala Kasibante Wavamunno often referred to simply as Gordon Wavamunno is a Ugandan entrepreneur, businessman, and philanthropist. He is the owner of Spear Motors Uganda – the sole…
