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TodayWednesday, May 13, 2026

Billionaires

The report defines dollar millionaires as individuals with investable assets of more than $1 million, excluding liabilities. These assets typically include property, cash, and listed equity holdings.
The report defines dollar millionaires as individuals with investable assets of more than $1 million, excluding liabilities. These assets typically include property, cash, and listed equity holdings.

Uganda’s Dollar Millionaires Surge: New Wave of 100 Tycoons Join List of High-Net-Worth Individuals

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 with over
August 27, 2025
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Charles Mbire (left) and NSSF Managing Director Patrick Ayota (right) pictured with the MTN Uganda logo as MTN shares rally and NSSF’s stake surpasses UGX 1 trillion.
Charles Mbire (left) and NSSF Managing Director Patrick Ayota (right), whose MTN Uganda shareholdings have surged in value as the telecom’s stock rally pushed NSSF’s stake past UGX 1 trillion.

NSSF stake in MTN Uganda hits UGX1 trillion

MTN Uganda shares have staged a strong rally on the Uganda Securities Exchange (USE), delivering massive gains to its largest local investors in just eight weeks as the stock surged by UGX116
February 9, 2026
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Chris Kayoboke and Julius Kayoboke, co-founder of Crown Beverages and board director respectively, pictured during discussions on succession and governance at East Africa’s Pepsi bottler.
Chris Kayoboke (left), co-founder and majority shareholder of Crown Beverages, and his son Julius Kayoboke (right), a director on the Crown Beverages board and Regional CEO at Group Vivendi Africa.

The Quiet Billionaire and the Heir in Waiting: Is Julius Kayoboke Next in Line for East Africa’s Pepsi Franchise Bottler?

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 billionaire class.
January 23, 2026
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: Sanjay Awasthi, Chairman and Founder of Tembo Steels, stands confidently in his office—a symbol of quiet leadership and industrial ambition. From this modest space, he has led the rise of Uganda’s largest steel empire, grounded in innovation, sustainability, and a resolute belief in building from within.

Who is Sanjay Awasthi, the Quiet Billionaire Forging Uganda’s Green Steel Revolution at Tembo Steels?

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 steel empire.
May 20, 2025
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His Highness Aga Khan who has passed on today has left an indelible mark on East Africa.

Billionaire Aga Khan’s lasting business legacy and influence on East African economies 

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February 5, 2025
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