In an industry built on colour, fizz, and constant visibility, billionaire industrialist Chris Kayoboke has chosen the opposite posture. He is reclusive, rarely quoted, and rarely photographed—an anomaly among Uganda’s…
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 region hungry for industrial transformation, one man is quietly forging a revolution. Sanjay Awasthi, the reclusive billionaire behind Tembo Steels, has built Uganda’s most advanced and environmentally conscious…
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, held at the National Teacher’s College in Mubende District, Uganda. The event, themed “39 Years of NRM/A: Salutation to Those Who Re-sanctified Our Homeland,” celebrated the Ruparelias’ outstanding contributions to Uganda’s socio-economic transformation, infrastructural development, and international recognition as a destination for global events. Dr. Sudhir was awarded the Distinguished Order of the Crested Crane (Grand Officer). H.E., the President of the Republic of Uganda, bestows this award on people…
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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 District, Uganda, stands as a towering figure in Uganda’s entrepreneurial landscape. With a career spanning over 30 years, he has played a pivotal role in shaping the country’s entertainment, telecommunications, and oil industries. As he celebrates his 60th birthday this month, Kabonero’s legacy is a testament to the transformative power of visionary leadership and strategic investment. Born into a prominent family, Kabonero is the youngest of three siblings. His family…
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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 the National Resistance Movement (NRM/A) on January 26, 2025. This prestigious event, held at the National Teacher’s College in Mubende District, will celebrate their monumental contributions to Uganda’s socio-economic growth. Recognising Impact and Legacy Under the theme, “39 Years of NRM/A: Salutation to Those Who Re-sanctified Our Homeland,” the Ruparelias will receive medals highlighting their significant role in the country’s economic and infrastructural development. Among their many achievements, the Ruparelias…
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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 at I&M Bank Uganda recounts the bank’s past and shares key insights on how the bank is investing and evolving into a reputable and vibrant player in Uganda’s financial services industry. What inspired you to start Orient Bank⏤ there were many other ways you could have invested. What was your vision at the time? What did you want to achieve? In the 1990’s I was involved in the trading business…
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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 Uganda’s largest taxpayers with over 10,000 direct and indirect employees. Movit is now one of Uganda’s most recognizable brands, constantly innovating and delivering excellence in the hair, skin, and baby care categories. The company’s products are sold in close to 10 African countries, and it has a production plant in Zambia as well. Over the past three decades, Birungi has established himself as a successful entrepreneur. Movit’s journey is a…
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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 manufacturer, Harris International, through their investment vehicle Oppenheimer Partners. Harris International was founded in 2005 and is one of Uganda’s leading food and beverage companies. It is a proudly Ugandan company popularly known by its flagship brand, RIHAM. Since its inception in 2005, the company has evolved and expanded its portfolio to more than 50 healthy, refreshing and enjoyable products such as Carbonated Soft Drinks, Natural Mineral Water, Fruit Juices,…
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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 stark: 90% of family-owned businesses fail to survive the transition to the next generation, and even fewer make it to the third generation. However, the Kirumira family is bucking this trend. In a rare glimpse into the dynamics of a successful family business, Gideon Kirumira, son of tycoon Geofrey Kirumira, shares his experiences and insights on the importance of hard work, mentorship, and values in ensuring the continuation of generational…
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