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Ivan Semwanga was a self-made millionaire who earned shs120m monthly salary

Mulema Najib by Mulema Najib
8 years ago
in Showbiz
4 0

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By Watchdog reporter

A lot has been said about the late Ivan Semwanga’s source of income. Many people claimed that ye made a living through dubious deals and fraud but what we can exclusively tell you is that Semwanga was a self made millionaire who earned a living from his schools in South Africa.

The fallen businessman earned a monthly salary of shs120 million as a director from his schools in South Africa and even though he died, that money will always be deposited on an account as trust fund for his three children until they come of age.

The the monthly salary will be deposited on a fixed account in a South African bank until the children make 21 years when they are able to make their decisions.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
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Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

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