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Hamis Kiggundu

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Hamis Kiggundu
Born (1984-02-10) February 10, 1984 (age 40)
Lukerere, Kalungu, Uganda
EducationKabojja International School, Munyonyo
Alma materSchool of Law, Makerere University, Kampala (Bachelor of Laws)
Occupation(s)Businessman, entrepreneur, investor, lawyer
Years active2003–present
AwardsBusiness Motivation Book of the Year 2018, Uganda

Hamis Kiggundu (born on February 10, 1984), commonly known as Ham,[1][2][3][4] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[5] lawyer and author.[6][7]He is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece.[8]

He is regarded as one of Uganda's wealthiest individuals, with an estimated net worth of approximately US$870 million as of 2023.[6][9]

Background and early life[edit]

Kiggundu was born on February 10, 1984 in the Kalungu Masaka District in the Central Region of Uganda to Mr. Segawa Haruna and Mrs. Nakayiza Jalia.[6][10] [11] He was born and raised in a Muslim family. He talks about Islam as "the highest achievement of a lifetime".[12]

Education[edit]

He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[10] and later graduated from Makerere University with a Bachelors of Laws.[13] He joined the Law Development Centre where he graduated with a diploma in legal practice.[6][10]

Early Career[edit]

He started his career by assisting his father, a textile trader, during school holidays. This early exposure to business laid the foundation for his entrepreneurial journey.[6][10]After completing his education, Kiggundu received startup capital from his parents and began trading garments and other commodities, initially sourcing them from large wholesalers and later importing directly from international markets.[6][10]

Business Ventures[edit]

Early Ventures[edit]

Hamis started his business career with capital provided by his parents, dealing in garments and other commodities. He initially sourced these items from large wholesalers and eventually began importing them directly from international markets such as China, Thailand, Hong Kong, and Dubai.[6][14][15]

Ham Group of Companies[edit]

In 2005, Hamis founded the Ham Group of Companies now called Ham Enterprise (U) Limited encompassing sectors such as real estate, agro-processing, and logistics. Hamis's real estate ventures include the construction of notable properties such as Ham Towers and Ham Shopping Mall in Kampala. In 2015, he undertook the redevelopment of Nakivubo Stadium into a modern sports facility.[16]He has commercial properties in the United Kingdom (Ham International UK Ltd) and the United States (Ham International Express Logistics LLC) under his company.[6][17][18] Since 2018, he ventured into agro-processing and value addition to support Uganda's agricultural sector. This included the establishment of Ham Integrated Agro-Processing Industries.[16]

Technology Investments[edit]

Hamis founded Hamz Link Ltd a multimedia platform company based in Edmonton, Canada which has launched various digital products, including an online learning platform (Hamz Campus), a video streaming app (Hamz Wave), and a social media platform (Hamz Line).[6][19]

Nakivubo Stadium redevelopment[edit]

In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility.[20][21][22]

Philanthropy[edit]

In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force.[23] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[24] but was also criticized for providing cash handouts to journalists.[25]

In July 2021, Kiggundu donated to the Uganda Government a total of Shs 530 Million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community.[26][27][28]

Lawsuit[edit]

In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over USD 30 million (UGX 34.29 billion and USD 23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years.[citation needed]

In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totaling to UGX 34.29 billion and USD 23.4 million,[29][30] with an additional 8% interest for legal costs.[31] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties.[citation needed] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies.[32]

Awards[edit]

In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala.[1]

Bibliography[edit]

See also[edit]

References[edit]

  1. ^ a b Katungulu, Amon (23 July 2018). "Ham Kiggundu: "I have made money genuinely"". Nile Post. Retrieved 21 June 2020.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used". Watchdog Uganda. 29 May 2019. Retrieved 19 June 2020.
  3. ^ "Tycoon Ham drags DTB to court over sh100b". www.newvision.co.ug. Retrieved 21 June 2020.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Ssejjombwe, Isaac. "Ham hosts Muslims ahead of Eid feast – Sqoop – Get Uganda entertainment news, celebrity gossip, videos and photos". Retrieved 21 June 2020.
  5. ^ "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus". The Spy Uganda. 7 April 2020. Retrieved 29 January 2021.{{cite web}}: CS1 maint: url-status (link)
  6. ^ a b c d e f g h i Express, The Daily (12 November 2021). "PROFILE: Meet Hamis Kiggundu, the 37-year-old Investor transforming Uganda through Real Estate". Daily Express. Retrieved 8 June 2024.
  7. ^ URN (8 June 2023). "Attorney General, Karugire after my life - Hamis Kiggundu". The Observer - Uganda. Retrieved 8 June 2024.
  8. ^ "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka". NTV Uganda. Retrieved 18 March 2021.
  9. ^ Mangoli, Ericson (6 April 2023). "Meet Uganda's Hamis Kiggundu who's richer than Ronaldo and Messi". Who Owns Africa. Retrieved 8 June 2024.
  10. ^ a b c d e Media, Flash Uganda; Uganda, Flash (6 June 2022). "Hamis Kiggundu: Biography, Family, Wife and Net Worth". Flash Uganda Media. Retrieved 8 June 2024.
  11. ^ "Siblings who own a piece of Kampala City". Daily Monitor. Retrieved 25 July 2020.
  12. ^ Kiggundu, Hamis (21 May 2019). "Islam Is Peaceful, Beautiful, Pure and Absolute. The highest achievement of a Lifetime". The Uganda Post. Retrieved 29 August 2020.
  13. ^ thehomelandnewspaper (16 March 2021). "Homeland Newspaper". The Homeland Newspaper. Retrieved 7 July 2021.
  14. ^ Post, Entebbe (10 May 2022). "Hamis Kiggundu: The 38 year old tycoon constructing the "White House in Uganda". Entebbe Post. Retrieved 8 June 2024.
  15. ^ "Hamis Kiggundu, the 37-year-old African Building White House Replica in Uganda". Business Elites Africa. 21 February 2022. Retrieved 8 June 2024.
  16. ^ a b Mangoli, Ericson (21 August 2023). "Hamis Kiggundu: How a Ugandan Man Built His Own White House". Who Owns Africa. Retrieved 8 June 2024.
  17. ^ "Vision Group, Ham Group of Companies forge strategic partnership". New Vision. Retrieved 8 June 2024.
  18. ^ "HAM GROUP LIMITED more information - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 8 June 2024.
  19. ^ "WHO WE ARE". HAM GROUP OF COMPANIES. Retrieved 8 June 2024.
  20. ^ "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium". Red Pepper. 1 April 2015. Retrieved 19 June 2020.
  21. ^ "First Lady's visit an endorsement of Nakivubo work, says". Daily Monitor. Retrieved 19 June 2020.
  22. ^ "Nakivubo Stadium re-development takes shape". www.newvision.co.ug. Retrieved 19 June 2020.{{cite web}}: CS1 maint: url-status (link)
  23. ^ "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy". Nile Post. 4 April 2020. Retrieved 21 June 2020.
  24. ^ "UJA to Support Journalists with Foodstuff". ChimpReports. 20 April 2020. Retrieved 19 June 2020.
  25. ^ URN. "Journalists scramble for Hamis Kiggundu's cash". The Observer – Uganda. Retrieved 26 July 2020.
  26. ^ "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses". Daily Express News. 10 June 2021. Retrieved 5 July 2021.{{cite web}}: CS1 maint: url-status (link)
  27. ^ "Tycoon Ham Kiggundu donates 15,000 COVID-19 doses to Ugandans – The Informer UG". The Informer UG. 10 June 2021. Retrieved 5 July 2021.
  28. ^ Ssenti, Peter (3 July 2021). "Big push as city mogul Ham donates UGX.530M to purchase 15000 doses of COVID-19 vaccine". PML Daily. Retrieved 5 July 2021.{{cite web}}: CS1 maint: url-status (link)
  29. ^ "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman". Watchdog Uganda. 7 October 2020. Retrieved 13 November 2020.
  30. ^ "Why Hamis Kiggundu won multi-billion court case against DTB". Nile Post. 9 October 2020. Retrieved 13 November 2020.
  31. ^ URN. "Court orders DTB to refund immediately Shs 120bn to Ham". The Observer – Uganda. Retrieved 13 November 2020.
  32. ^ URN. "Principal judge 'rejects' bribe offer in Ham-DTB appeal case". The Observer - Uganda. Retrieved 11 March 2021.
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