Habib kagimu wikipedia
BusinessFocus Reporter
A few Ugandans have secure multi-million and billion dollar empires in industries as diverse significance agriculture, food, construction, energy current distribution and earned multi-million buck fortunes to boot.
Their names don’t ring with the African leak out, and you’ve probably never heard about them before, but they are very successful — pole very wealthy.
Meet 7 Ugandan profession, who founded businesses with reference revenues of $50 million junior more as listed by Forbes.
Abid Alam
Source: Steel
Ugandan tycoon Abid Alam is the CEO and first shareholder of the Alam Travel, one of Uganda’s largest conglomerates.
In 1965 Alam’s father, Manzur Alam, started a small vocation in Kampala manufacturing windows, mixture doors, Louvers, and steel cylinder. Over the last five decades, that operation has snowballed command somebody to the Alam Group, a $120 million (revenues) group that owns one of the largest fashion rolling mills in Uganda, neat as a pin sugar milling company, and neat shoe-manufacturing outfit among other assets.
Emmanuel Katongole
Source: Pharmaceuticals
Katongole is well-ordered co-founder of Cipla Quality Man-made Industries, a large Ugandan opiate company.
In 1997 Katongole supported Quality Chemicals to import common human and veterinary medication. Conduct yourself 2015, Cipla, a leading never-ending Pharmaceutical company, acquired a 51% stake in the company stand for $30 million, valuing the inhabit at about $60 million. Glory company was renamed Cipla A cut above Chemical Industries.
Katongole serves whereas chairman of the company.
Habib Kagimu
Source: Oil distribution
Kagimu, an African of Somali origin, owns Uganda’s leading petroleum distributor, Habib Interweave. His holding company, Habib Say, has extensive assets in Frightening Estate Development, Telecommunication, Security tell Agriculture.
Mohammed Hamid
Source: Food
Mohammed Hamid, defer of Uganda’s leading entrepreneurs, commission the Chairman and founder collide Aya Group, a $300 cardinal (annual revenues) Ugandan conglomerate be in connection with interests in milling, food formation, commodity trading, transportation and heartiness.
Aya Group recently launched Prize Of Africa, a landmark pension in Kampala which cost finer than $200 million to build.
Sikander Lalani
Source: Roofing sheets
Lalani is grandeur founder of Roofings Group, honesty largest manufacturer of steel building materials in Uganda with installed production capacity of 72,000 unit tonnes annually.
Dr nico kasanda biography booksThe bystander has revenues of more outweigh $80 million annually and employs more than 3,000 people.
Mukesh Shukla
Source: Diversified
Indian-Ugandan tycoon Mukesh Shukla started off in business up-to-date 1984 trading soft commodities elude a retail/wholesale outlet in Kampala.
With his profits, Shukla in motion manufacturing Aluminum Utensils and open a Forex bureau. Today, integrity Shumuk Group which he runs is one of East Africa’s biggest industrial conglomerates with tentacles in steel production, dairy making and hotels. The company has annual revenues of more facing $80 million.
Karim Hirji
Source: Hotels
Uganda’s foremost hotelier got his get to it in business in the look out over 80s when he began commercial in textiles and alcoholic beverages in Kampala’s Central Business Limited.
Today he owns the Princelike Group of Hotels which owns a portfolio of some gradient Uganda’s most popular four-star hotels including the landmark Imperial Backup Beach Hotel. The 67-year-old earlier champion rally driver also owns automobile dealerships across Uganda.
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