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Here are the top richest families in Uganda

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Dr. Sudhir Ruparelia

Dr. Sudhir Ruparelia was named one of the richest man in Africa by Forbes in 2015.

By Prim Kembabazi

Careful financial planning, business shrewdness have made these families the wealthiest in Uganda. They have accumulated so much wealth, guarded it jealously and are always ready to pass it on to the next generation once the time comes. Here are the top richest families in Uganda.

1. Mukwano Family

They have been in the industrialization business for a long time. It all started back in the day when their father Ali Muhammad Karmali came to Uganda in 1904 and built a big empire for them. They have invested heavily in cotton, tea and coffee. The company name came from their founding father’s closeness with the people who called him “Mukwano Gwa Bangi” loosely meaning “friend of the masses” hence the name Mukwano. Mukwano has a group of factories that manufacture soap, toilet paper, process Tea leaves and many other products. They have expanded their business to Rwanda, Kenya, Burundi among other nations. Money flows in this family like the river Nile from Uganda to Egypt.

2. Madhvani Family

They got their wealth from their father Mujibai Madhvani. He was a prosperous businessman in the UK. They decided to invest heavily in Uganda. They are into lots of trading deals in the county. They deal in sugar and tea with a stake in Kakira sugar. They own several tourism businesses across the county. Green house farming is also on their business portfolio. They are into IT firms and software development for big companies.

3. Wavamuno Family

They are a household name in Uganda. Wavamuno owns shares in different businesses in Uganda making a huge fortune every year. The Wavanumo family is into real estate. They own Mercedes benz in Uganda. They are also into bottled water business. He has shares in Radio Simba and a top insurance company. All Wavamuno’s children are very successful with the likes of Elvis Sekyanzi making it big with their personal businesses. Gloria Wavamuno is also big on the international fashion scene. Sadly, they recently lost one of their businesses, WBS TV over unpaid tax arrears.

4. Sembule Family

They own Sembule Steel Rolling mills. They started from humble beginnings back in 1971. Founded by Christpher C. Sembuya and Lt Henry W. Buwule. The two were siblings. Their company has overtime become one of the leading wire-nail manufacturing companies in the country. They are also into banking, electronics, and insurance among others. After 30 years in the business, they have amassed so much wealth. In 2014, they got a bailout from government when business was not going on well.

5. Hajji Mutaasa Kafeero family

Hajji Mutasa’s wealth is estimated at a total of 20 Million USD. He is a Ugandan businessman from Bushenyi. He attended school at his father’s Primary School. Mutasa owns several arcades in the city including Mutasa Kafero Mall, Zainab Azia Emporium. He is also the owner of Hotel Triangle. He also owns several other properties in the city and in Jinja.

6. Sudhir Ruparelia Family

According to Forbes in 2015, he was the 27th wealthiest individual in Africa, with an estimated net worth of US$800 million. Ruparelia was born in Kabatoro, Kasese District in the Western Region of Uganda to an upper-middle-class Gujarati family. His great-grandfather reached Mombasa, Kenya in 1897 from India and set up a trading store there before coming to Uganda in 1903. His grandfather was born in Uganda in 1918 and his father in 1932.

He moved to the United Kingdom with his parents in 1972 at the age of 16, when the dictator Idi Amin expelled all Asians from Uganda. He returned to Uganda in 1985, with US$25,000 earned from several casual jobs including working in supermarkets, factories, and butcheries. Ruparelia started selling beer and spirits imported from Kenya. In 1989, beer importation was banned to encourage local brewing of alcohol and he realised he could not make beer. But since his customers, who were mainly foreigners, paid him in foreign currency, he started Crane Forex Bureau, the first in Uganda. With his profits, Ruparelia ventured into other businesses, including forming Crane Bank in 1995. Later, he organized his businesses under the umbrella of the Ruparelia Group.

Also on the list is Ssenseko Kulabya family, Cranimwer Kaaya, Mohan Kiwanuka, Musa Kasule Family, Aga Ssekalala Family, The Mehtas, Bumba Family and Mugaalasi Family.

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Celebrity Gossip

Trendz Lounge to host East African DJ show down.

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Top East African DJs are set for a musical battle at Trendz Lounge this Saturday on May 26th 2018. East African top DJs from Uganda, Kenya and many others are set to rock parties at the Bugolobi based hangout. DJs Mark (Uganda), Lyta Kenya), Trace, Josh and MC Manyota will combine their music efforts this Saturday to entertain partiers.

You can also catch live Champions League final game live on giant screens as you enjoy the music.

“26th  May 2018 this Saturday Trendz Lounge Bugolobi presents the biggest East African DJ showdown featuring DJ Lyta from Kenya, DJ Mark from Uganda, DJ Trace, DJ M Josh and MC Manyota. Get your lighters ready because we gonna light up the place,” Trendz Lounge posted.

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Specials/Features

MPs start campaign to make Uganda’s highways safer

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The Parliamentary Forum For Road Safety with support from the World Bank’s Global Road Safety Facility and in partnership with the Ministry of Work and Transport and Safe Way Right Way have launched the implementation of the road safety legislative action plan as an effort to address legislative issues regarding the institutionalized management of road safety, safer roads and mobility, safer vehicles and road users, and post-crash response

In Uganda, fatal crashes rose from 500 in 1991 to 3,503 in 2016, representing a seven-fold increment over period of 25 years. a new World Bank study finds that reducing road traffic deaths and injuries could result in substantial long-term income gains for low- and middle-income countries.

Using detailed data on deaths and economic indicators from 135 countries, the study estimates that, on average, a 10% reduction in road traffic deaths raises per capita real GDP by 3.6% over a 24-year horizon. the study finds that countries that do not invest in road safety could miss out on anywhere between 7 and 22% in potential per capita GDP growth over a 24-year period.

This justification requires policymakers to prioritize proven investments in road safety and provides the bedrock for the World Bank intervention through the Global Road Safety Facility. Established in 2006, the global road safety facility is a global partnership program administered by the world bank with the mission to help address the growing crisis of road traffic deaths and injuries in low and middle-income countries through funding, knowledge transfer, technical assistance and advocacy.

The who global road safety status report – 2015 puts annual road traffic fatalities in Uganda at over 10,000, it is abundantly clear that road safety is a significant and rapidly growing public health and socio-economic burden… the health management information system data indicates that the public health system is overwhelmed with road traffic crashes which are listed among the 10 top leading causes of hospital deaths in the country.

It was this alarming rate of road accidents that led Safe Way Right Way and Members of Parliament to establish the PARLIAMENTARY FORUM ON ROAD SAFETY (PAFROS) and the subsequent development of a legislative action plan based on a gap analysis of the traffic and road safety act as well as recommended best practice across an array of policies and legislation cutting across several government ministries, departments and agencies”.

The emphasis for the success of this project will be the ability for staekholders to ensure sustained policy development and implementation across several government agencies with a mandate to support road safety improvement.

“The most critical output following the establishment of the forum is the development of a legislative action plan informed by the 5 pillars of road safety as recommended under the United Nations decade of action for road safety to which Uganda is a signatory”.

“Our action plan seeks to address legislative action: policy development, enactment, implementation and evaluation across several sectors”, to create national awareness, debate and attention towards improvement of road safety in Uganda.

PAFROS intends to deliver legislation that will support government agencies to develop and implement policies that will ensure a systematic approach to road safety improvement in uganda.

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J.K Holdings drags CMA’s Kiryabwire to Law Council.

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J.K Holdings has petitioned the Uganda Law Council over Capital Markets Authority’s Angella Kiryabwire for bleaching the professional ethics and the non discourse agreement.
In the letter dated May 18. 2018 from Tumukunde & Luwaga Co. Advocates and signed by Tumukunde N, J.K Holding accuses Angella Kiryabwire for leaking their confidential information to their competitors.
According to the letter, Ref/ 18/TL/05, J.K Holdings Limited sought to establish a Collective Investment Scheme through CMA, upon which Kiryabwire requested the company lawyer to furnish the authority with a checklist of all documents needed before approval.


The letter says that though Kiryabwire and JK. Holdings signed a Non-Disclosure of Information Agreement to third parties before the elapse of six years unless ordered by a competent court, she went ahead and shared the information with Stanlib Uganda Limited who runs a collective investment scheme called Money Markets Fund and IRSTA Limited.
JK. Holdings’ lawyer explained that they had mail correspondences between Kiryabwire, the Chief Executive Officer of Standlib Limited Mrs. Annette Rumanyika Mulira and Lydia Muleembe of IRTSA Limited.
“On August 12, 2018 at 11am, Mrs. Angella Kiryabwire sent all our documents we shared with her to kirabwiretrevor@gmail.com after a few minutes kiryabwiretrevor@gmail.com forwarded all the documents received to Imuleembe@gmail.com this is the personal email of Lydia Muleembe the CEO of IRSTA Limited,”
As a result to sharing this information our software servers have been hacked into, several messages have been sent to our prospecting investors discouraging them from investing with us. “Our prospecting agents in Uganda who had agreed to work with us have been contacted and told not to work with us because we are a fraudster. This has greatly damaged the reputation of the company and its prospecting business,” the letter adds.
“The location of our intended premises which was among our Trade secrets disclosed to Mrs. Kiryabwire has been taken over by our competitor IRSTA Limited.”
According to J.K Holdings, the application to operate a Collective Investment Scheme by IRTSA was granted within one week. The company claims that though they had filed their application over one year ago, they had received no explanation from CMA as to why their application had taken that long.
“The actions of Kiryabwire contravene Rule 7 of the Advocates Professional conduct regulations SI-267-2.”The letter states.


“We disclosed this information to Mrs. Kiryabwire trusting that she is an advocate of the High court who respects Advocates Professional conduct regulations. The information we disclosed included; the unique products the company was to bring on the market, sources of funding, marketing strategies, trade secrets, branding materials, contingent agency contracts, prospectus and passwords to soft wares executed between our client and prospecting investors.”The letter explains.
Now that Tumukunde &Luwaga CO. Advocates on behalf J.K Holding Limited has filed a complaint against Angela Kiryabwire head legal department Capital Markets Authority, shows that Angela Kiryabwire Kanyima is no stranger to controversies.
Angela Kiryabwire superintended over the money bonanza in the 74 Km Katosi road scandals where Shs24billion was dished out to a non existing US firm without a bank guarantee.
Kiryabwire as Chairperson of the Uganda National Roads Authority (UNRA) Board failed in her oversight role and tax payers’ money was lost.

The story was first published by Uganda’s leading daily; the New Vision how UNRA through the Housing Finance Bank paid sh24.7b to a ‘ghost’ firm without a bank guarantee.
Kiryabwire moved and sacked UNRA managers except herself. The Minister for Works and Transport later sacked Kiryabwire and her entire board from overseeing UNRA and replaced her with an efficient and confident former State Minister for Finance; Fred Jachan Omach.

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