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  • Opinion: Why Ugandan Tycoons like Ham of Ham Towers are suffering with debts

    / May 3, 2016

    Ham relaxes at his palatial home at the shores of Lake Victoria.

    By Wire James

    http://www.theinsider.ug/nrm-boss-arrested-for-smuggling-rice/

    Settle your bills the easy way using flexipay. Click here to find out how

    http://news.ugo.co.ug/centenary-moves-seize-jomayi-multi-million-home-old-kampala/

    https://xclusive.co.ug/2016/05/tycoon-ham-chokes-on-60m-loan-selling-mansion/

    The above three stories are symptomatic of the Wild Wild West Uganda has become. As a nation, lately only crooks have been able to largely survive and pop their heads above the waters threatening to drown the majority of participants in the economy.

    Apart from surviving and being able to meet school fees obligations while drinking an occasional beer or soda, most Ugandans have had a challenge breaking the barrier to the next level. Any attempt has been met by resistance from he unscrupulous players.

    Now imagine Salim Uluru who inherited a very good going concern from his late Dad, to get involved in smuggling rice in my view indicates that he has probably built his empire on quick sand – Theft.

    As for Jomayi and Ham, their love for flashy lifestyles doesn’t augur well with any serious entrepreneurial ambitions. Very few genuinely rich men will flaunt their wealth.

    I won’t be surprised if we start seeing the likes of Samona, Movie and others going down this road sooner than later. It’s a matter of time.

    But then again, if you are genuinely hustling out there, DONT GIVE UP. There is light at the end of the tunnel. Like cats, the thugs’ nine lives are nearly over.





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