Uganda’s millionaire class is quietly expanding. The country added 100 new dollar millionaires in the 12 months leading up to June 2025. The addition brings the total number of individuals...
In the Ugandan business world, a few people epitomize Warren Buffett’s timeless advice like Charles Mbire, a quietly dominant billionaire, cofounder and Board Chairman of MTN Uganda. In 2024 alone,...
In a landmark moment for African enterprise, the continent’s wealthiest individuals have crossed the $100 billion threshold for the first time. The 2025 Forbes Africa Billionaires List shows that the...
Dr Sudhir Ruparelia, the billionaire businessman and founder of the Ruparelia Group, and his daughter, Sheena Ruparelia, were honoured today at the 39th National Resistance Movement (NRM/A) Victory Day Anniversary,…
Age: 60 years Source of Wealth: Entertainment and gaming, telecommunications, logistics and transport, finance and technology. Estimated Wealth: USD50 million (UGX180 bn) Bob Kabonero, born in January 1965 in Ntungamo…
Dr. Sudhir Ruparelia, the billionaire businessman and founder of the Ruparelia Group, and his daughter, Sheena Ruparelia, will be among the distinguished honorees at the 39th Victory Day Anniversary of…
As the I&M Group celebrates 50 years of building this strong foundation and looks forward to the future with optimism, Dr. Ketan Morjaria, who is also a shareholder and Director…
Simpson Birungi founded Movit Products Ltd in 1997, starting with a makeshift workshop in Namasuba, Wakiso District. Since then, the company has grown into a multi-billion enterprise, becoming one of…
In October 2022, CEO East Africa broke the story of how one of Africa’s wealthiest families, the Oppenheimers, had acquired a majority 75% stake in Uganda’s third largest soft drinks…
Succession planning is a crucial aspect of family businesses, yet many founders struggle to prepare their heirs for the responsibility of taking over the reins. In Uganda, the statistics are…
Forbes Africa released its annual list of Africa’s billionaires with its 2024 class of 20 billionaires now worth $82.4bn. Collectively, these billionaires would be the 18th richest person in the…
