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    Billionaires

    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.

    NSSF stake in MTN Uganda hits UGX1 trillion

    February 9, 2026February 9, 2026 0 Shares
    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...
    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.

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

    January 23, 2026January 24, 2026 0 Shares
    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 Dollar Millionaires Surge: New Wave of 100 Tycoons Join List of High-Net-Worth Individuals

    August 27, 2025November 4, 2025 0 Shares
    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...

    Billionaire Charles Mbire: 8 Timeless Lessons on Making, Growing & Keeping Money

    June 9, 2025June 9, 2025 0 Shares
    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,...

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

    May 20, 2025January 8, 2026 0 Shares
    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...

    Gideon Kirumira: My Father Has Taught Me the Value of Hard-work.

    Jonathan N. LubwamaBillionairesEntrepreneurshipThe Big StoryJune 6, 2024June 6, 2024

    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…

    AFRICA’S RICHEST 2024⎮ S.Africa, Egypt and Nigeria Dominate Forbes Billionaires List

    Jonathan N. LubwamaBillionairesBusiness & MarketsEast AfricaLists & RankingsThe Big StoryJune 6, 2024June 6, 2024

    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…

    UGANDAN BILLIONAIRES: Amos Nzeyi, the little bread vending boy from Kabale who grew up into a ‘big boy’ in Kampala

    CEO ReporterBillionairesC-Suite LeadershipNews & AnalysisThe Big StoryMay 17, 2024May 17, 2024

    Name: Amos Nzeyi Source of Wealth: Carbonated Soft Drinks and Water, Hospitality & Tourism, Confectionaries & Real Estate  Age: 75 years Estimated Worth: US$ 57 million (UGX200 billion) Amos is…

    Billionaires: Anand Kapoor quit his job to set up a forex bureau. Now he owns Pearl Dairies that manufactures Lato Milk

    CEO ReporterBillionairesThe Big StoryJanuary 29, 2024January 29, 2024

    Twenty seven years ago, Anand Kapoor left an MBA course in India to take up a job on a treasury and forex desk at a Ugandan bank. After 18 months…

    Billionaires: How Tanzania’s Said Salim Bakhresa built one of the biggest business conglomerates in Africa

    The CEO Magazine TeamBillionairesThe Big StoryJanuary 27, 2024January 27, 2024

    Said Salim Awadh Bakhresa, one of the richest East Africans, dropped out of school at the age of 14 to become a potato mix salesperson. His proper business journey did…

    How a 15 year old followed his dream and built the biggest cardboard packaging firm in Uganda, East Africa

    CEO ReporterBillionairesThe Big StoryJanuary 22, 2024January 22, 2024

    At 15 years of age when most young people’s idea of having fun is clubbing, Ashish J. Thakkar, decided to start an IT company. In numerous media interviews Thakkar has…

    Robert Zikusooka, the Kamuli born millionaire who has built Rose Foam into a great mattress brand

    CEO ReporterBillionairesThe Big StoryJanuary 18, 2024

    If businessman Robert Zikusooka walked on the streets of Kampala, not many people would identify him. In fact it is difficult to find a clear photo of him. Zikusooka is…

    Pius Ngugi, the Kenyan billionaire who has built a fortune from exporting cashew nuts, macadamia

    The CEO Magazine TeamBillionairesEast AfricaThe Big StoryJanuary 16, 2024January 16, 2024

    Pius Ngugi is one of the wealthiest Kenyans. He was born in Kiambu on March 8, 1944. He is a proud polygamist and is married to Josephine Wambui Ngugi and…

    From billboards to beer labels to pull-up banners: How Graphic Systems Limited became the giant of printing in Uganda, region

    CEO ReporterBillionairesMedia & CommunicationThe Big StoryJanuary 12, 2024January 11, 2024

    If your favourite beer is Nile Special or Club Pilsner or even Bell Lager, that sleek label on the bottle that you often like to tinker with is made by…

    The phenomenal story of Prof. Dr. Maggie Kigozi, the Gayaza High School alumna who became one of Uganda’s most loved, trusted and influential business leaders of our generation.

    Muhereza KyamuteteraBillionairesExecutive ProfilesThe Big StoryWomen In LeadershipJanuary 11, 2024May 3, 2024

    Let’s start from where it all started. Tell us about your childhood, growing up and early working days. My father’s dad Mr. Penn Blick was a British settler in Gomba,…

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