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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...

    Simba Group Chairman, Dr. Patrick Bitature named Entrepreneur of the Year at the African Tourism Leadership Forum

    Muhereza KyamuteteraBillionairesBusiness & MarketsCompany NewsNovember 5, 2022November 5, 2022

    Simba Group Founder, Chairman & Chief Executive Officer, Dr. Patrick Bitature has been named Entrepreneur of the Year at the just-ended African Tourism Leadership Forum, held in Gaborone, Botswana. The…

    Nicky & Jonathan Oppenheimer, Africa’s 3rd richest billionaires acquire a majority stake in Riham, Uganda’s No.3 soft drinks maker

    Muhereza KyamuteteraBillionairesBusiness & MarketsThe Big StoryOctober 25, 2022June 6, 2024

    South Africa’s Nicky & Oppenheimer family, Africa’s third richest billionaires, have through one of their investment vehicles, Oppenheimer Partners, made a majority acquisition of Uganda’s Hariss International, makers of the…

    UGANDA’S BILLIONAIRES: Gordon Wavamunno started-from-the-bottom to the top

    CEO East Africa MagazineBillionairesThe Big StorySeptember 23, 2022September 23, 2022

    Prof. Gordon Babala Kasibante Wavamunno often referred to simply as Gordon Wavamunno is a Ugandan entrepreneur, businessman, and philanthropist. He is the owner of Spear Motors Uganda – the sole…

    These 5 Ruparelia Group mega-projects are set to redefine and dominate Kampala’s real estate and hospitality space over the next 10 years

    Muhereza KyamuteteraBillionairesBusiness & MarketsThe Big StorySeptember 23, 2022September 23, 2022

    This will certainly require significant investment by both government and private sector to meet the needs of the bustling population- especially in transport and housing infrastructure as well as social…

    SUCCESSION IN FAMILY-OWNED BUSINESS: How Joseline Kateeba staged a friendly boardroom ‘coup’ against her mother at Crest Foam; and the beautiful unfolding story

    David KangyeBillionairesBusiness & MarketsExecutive ProfilesThe Big StoryWomen In LeadershipJune 30, 2022July 1, 2023

    (This story is an adaptation from a conversation Petua Kateeba and Joseline Kateeba had with Akaego Okoye, for her African Business Stories Podcast) At least 70% of all small businesses…

    Uganda’s Billionaires: Meet Godfrey Kalule Kirumira the started-from-the-bottom now we are here billionaire chairing Uganda’s association of billionaires.

    CEO ReporterBillionairesC-Suite LeadershipNews & AnalysisThe Big StoryApril 19, 2022July 1, 2023

    Name: Godfrey Kalule Kirumira Source of Wealth: Fuel Retailing, Security, Hospitality & Tourism, Transport & Logistics, Financial Services, Education Services and Commodities Trading.  Age: 60 years Estimated Worth: US$ 30…

    Timeless real estate investment advice from billionaire property mogul, Dr Sudhir Ruparelia

    Muhereza KyamuteteraBillionairesNews & AnalysisThought LeadershipJanuary 30, 2022April 7, 2025

    #1: CONDOMINIUMS ARE THE FUTURE- BUILD SOME OR BUY ONE Land in Kampala City is getting expensive and the traditional Ugandan bungalows with large gardens can only be sustained several…

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