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Hamis Kiggundu
Kiggundu
Born1984 (age 39–40)
Lukerere, Kalungu District, Uganda
NationalityUgandan
SiglumHAM
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 February 10, 1984), commonly known as Ham,[1][2][3][4] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[5] author and lawyer.

Kiggundu 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.[6]

He is one of the wealthiest people in Uganda with an alleged estimated net worth of US$870 Million (March 2021 Forbes).[7][non-primary source needed]

Background and early life

Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. Kiggundu is among the children of Haruna Segawa and Nakayiza Jalia, who is part of a family with extensive property investments in Kampala.[8][9][10]

Kiggundu was born and raised in a Muslim family. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion.[11]

Education

He attended his elementary education in Masaka, later joined Kabojja International School in Kampala for his high school education,[12][9][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.[14][15]

Trading Debut and Voyage

The Ham Group was established in 2005 as a trading enterprise trading in garments. Hamis used to support his father Hajji. Segawa in his textile shop from where he learnt basic business principles.[16] And during middle school holidays his father gave him capital to start his own venture.[10][17] As business burgeoned, he started buying and selling land and properties and In 2009 he incorporated Ham Enterprises (U) Ltd and advanced to constructing and owning commercial properties.[18] In 2010, Kiggundu started erection of Ham towers, his first commercial tower at the Makerere suburb of Kampala city. According to billionaires.Africa, having mastered the commercial real estate trifles with reference to lessons learnt from his first project, Kiggundu was able to move a bit faster and within 18 months, he had built his second property — Ham Shopping Mall.[10] With combined rental income coming from both properties, he was able to easily secure more financing with the banks, for other projects given his reasonable collateral.[2][8][11]

The Group diversified into large scale industrialization in 2021, mainly focusing on Agro-processing and value addition. According to the Forbes report on Uganda By Penresa, Hamis embarked on a US$156 million project in the central region where a pilot advanced Integrated Agro-Processing Industrial Plant (IAIP) was setup at Akright City to add value on Uganda's Agro produce.[8][19]

Nakivubo Stadium redevelopment

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

In early 2017, the reconstruction of Nakivubo Stadium commenced with demolishment of existing structures[23][21] by Roko Construction Company with estimated capacity of 30,000 to 35,0000 people.[24][25][26]

The reconstruction of Nakivubo stadium is estimated to cost Ugx 176.4billions and to have various facilities like screens, chairs, floodlights, parking space.[24]

In 2023, the reconstruction process was partially completed[26]

Philanthropy

In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force.[27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[28] but was also criticized for providing cash handouts to journalists.[29]

In July 2021, Kiggundu donated to the Uganda Government a total of USh 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.[30][31][32]

Lawsuit

In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30 million (USh 34.29 billion and US$23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years.[33]

In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh 34.29 billion and US$23.4 million,[34][35] with an additional 8% interest for legal costs.[36] 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.[33] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies.[37]

In November 2022, Kiggundu sued the Kabaka of Buganda and the Commissioner Land registration in the Ministry of Lands over cancellation of land titles of Kigo Land that sits on 140 acres.[38]

Awards

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]

In August 2023, Hamis scooped The Pan African Pyramid Global award 2023 in the category African Renaissance and Iconic Development Entrepreneur Award.[39][40][41][42][43]

White House

From inspiration of the White house architecture, Kiggundu constructed a replica of White house located in Entebbe which houses Ham Agro Processing industries headquarters[44]

Bibliography

See also

References

  1. ^ a b Katungulu, Amon (23 July 2018). "Ham Kiggundu: "I have made money genuinely"". Nile Post. Retrieved 21 June 2020.
  2. ^ a b "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.
  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.
  6. ^ "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka". NTV Uganda. Retrieved 18 March 2021.
  7. ^ Penresa.com (10 March 2021). "Ham Enterprises Limited: Hamis Kiggundu" (PDF). Forbes Africa Magazine. p. 24. Retrieved 20 March 2020.
  8. ^ a b c "Siblings who own a piece of Kampala City". Daily Monitor. Retrieved 25 July 2020.
  9. ^ a b Media, Flash Uganda (6 June 2022). "Hamis Kiggundu: Biography, Family, Wife and Net Worth". Flash Uganda Media. Retrieved 22 January 2023.
  10. ^ a b c d Nsehe, Mfonobong (5 October 2021). "Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda". Billionaires.Africa. Retrieved 22 January 2023.
  11. ^ a b 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.
  12. ^ Iragaba, Apollo (10 April 2022). "10 Things You Didn't know about Ham Hamis Kiggundu". Hard Rock Media. Retrieved 22 January 2023.
  13. ^ thehomelandnewspaper (16 March 2021). "Homeland Newspaper". The Homeland Newspaper. Retrieved 7 July 2021.
  14. ^ "The Untold Story Of Uganda's Youngest Billionaire Hamis Kiggundu And". Echonewsug. 30 October 2020. Retrieved 11 February 2022.
  15. ^ Kiggundu, Hamis (27 August 2018). Success and Failure: Based on Reason and Reality. Ham Enterprise. p. 1. ISBN 9781719869546.
  16. ^ Bizmart (29 March 2023). "Meet the youngest and first African billionaire to build a national stadium using own funds". Bizmart | Business in Motion. Retrieved 1 December 2023.
  17. ^ "Hamis Kiggundu, 37-year-old African Building White House in Uganda". 21 February 2022. Retrieved 6 April 2023.
  18. ^ BigEyeUg3 (10 June 2015). "Here is how Ham of Ham towers made his money and became a billionaire". BigEye.UG. Retrieved 6 April 2023.((cite web)): CS1 maint: numeric names: authors list (link)
  19. ^ "Finance minister commends Kiggundu for setting up food processing unit". New Vision. Retrieved 6 April 2023.
  20. ^ "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium". Red Pepper. 1 April 2015. Retrieved 19 June 2020.
  21. ^ a b "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.
  23. ^ "How Hamis waved Museveni's order to take over Nakivubo land". Monitor. 1 February 2021. Retrieved 12 October 2023.
  24. ^ a b Mugalu, Moses (15 December 2017). "Nakivubo to be ready in 2021, to sit 30,000". The Observer - Uganda. Retrieved 12 October 2023.
  25. ^ "Nakivubo Stadium construction phase one nears completion". New Vision. Retrieved 12 October 2023.
  26. ^ a b "Nakivubo construction works at 75%". New Vision. Retrieved 12 October 2023.
  27. ^ "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy". Nile Post. 4 April 2020. Retrieved 21 June 2020.
  28. ^ "UJA to Support Journalists with Foodstuff". ChimpReports. 20 April 2020. Retrieved 19 June 2020.
  29. ^ URN. "Journalists scramble for Hamis Kiggundu's cash". The Observer – Uganda. Retrieved 26 July 2020.
  30. ^ "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses". Daily Express News. 10 June 2021. Retrieved 5 July 2021.
  31. ^ "Tycoon Ham Kiggundu donates 15,000 COVID-19 doses to Ugandans – The Informer UG". The Informer UG. 10 June 2021. Retrieved 5 July 2021.
  32. ^ 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.
  33. ^ a b "Hamis Kiggundu vs DTB; DTB Set to Lose Billions in New Application". Real Muloodi News Network. 29 November 2021. Retrieved 11 February 2022.
  34. ^ "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman". Watchdog Uganda. 7 October 2020. Retrieved 13 November 2020.
  35. ^ "Why Hamis Kiggundu won multi-billion court case against DTB". Nile Post. 9 October 2020. Retrieved 13 November 2020.
  36. ^ URN. "Court orders DTB to refund immediately Shs 120bn to Ham". The Observer – Uganda. Retrieved 13 November 2020.
  37. ^ URN. "Principal judge 'rejects' bribe offer in Ham-DTB appeal case". The Observer - Uganda. Retrieved 11 March 2021.
  38. ^ "City tycoon Ham Kiggundu has taken Kabaka Ronald Mutebi to Court". Kalisho. 10 November 2022. Retrieved 10 November 2022.
  39. ^ Sande, Nyongesa (27 August 2023). "UGANDA'S HAMIS KIGGUNDU HONORED WITH IMPRESSIVE PAN AFRICAN AWARD". Nyongesa Sande. Retrieved 12 October 2023.
  40. ^ Uganda, TheSpy (2 September 2023). "PAP Global Awards 2023: Here Is Why Hamis Kiggundu Was Recognized! - TheSpy". Retrieved 12 October 2023.
  41. ^ "Deputy Speaker Tayebwa, Business Man Kiggundu Win PAP Awards – DAILY PRESS UGANDA". Retrieved 12 October 2023.
  42. ^ kobusiinge (5 September 2023). "Details! Why Hamis Kiggundu Was Recognized! During PAP Global Awards 2023". THE PAN-AFRICAN PYRAMID. Retrieved 12 October 2023.
  43. ^ "UGANDA'S HAMIS KIGGUNDU HONORED WITH IMPRESSIVE PAN AFRICAN PYRAMID GLOBAL AWARD. Archives". Bizmart. Retrieved 12 October 2023.
  44. ^ Reporter, Real Muloodi (24 October 2021). "Why Has Hamis Kiggundu Built the White House in Uganda?". Real Muloodi News Network. Retrieved 12 October 2023.
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