Uganda was recognized as one of the top entrepreneurial countries in the world, only frustrated by one of the highest rates of business mortality.
However, Ugandan entrepreneurs are fortunate to have examples of entrepreneurial endurance and success to emulate.
Here are the most successful entrepreneurs in Uganda:
1. Sudhir Ruparelia
Sudhir Ruparelia has been topping this list for quite some years. Sudhir is famed for rising his fortune from $25,000 which he saved from his hustle in United Kingdom before he returned to Uganda in mid 1980s as a beverages merchant and later as foreign currency dealer. Today, his portfolio goes across sectors including real estate, hospitality, agriculture, media, education, insurance, and finance.
2. Karim Hijri
The godfather of Dembe Group of Companies, Karim Hijri has steadily kept run behind Sudhir Ruparelia. Karim is the force behind Dembe Group of Companies with interests in hotels such as Imperial Imperial Group of Hotels.
3. Alykhan Karmali
Until his death recently, the founder of Mukwano Industries, Alykhan Karmali has been among the richest Ugandans for several decades. He is one of the business architects of Uganda’s resurgence in 1990s with his popular household flagship. Mukwano family has interests in banking, manufacturing, agriculture and real estate.
4. Charles Mbire
Charles Mbire has worked up his way on top on the rich list. He is well known for his interest in MTN Uganda, as well as investments in cement manufacturing, transportation, agribusiness, pharmaceuticals, telecommunications, real estate, energy, and finance.
5. Sikander Lalani
Lalani is the man made of steel, since he has grown Roofing Group into an east African giant.
6. Aaron M. Mukooza
With regard to his large investments which heavily span across the media together with the banking sector, Mukooza has amassed some net worth valued at $200 million.
7. Gordon Wavamunno
As the best part of his wealth is believed to have stemmed from his automotive business, Gordon Wavamunno is immensely linked with the ownership of Spear House together with Spear Motors -his automotive company.
8. Mukesh Shukla
Shukla is behind Shumuk Group of Companies -a successful company concerned with cooking utensils.
9. Patrick Bitature
Bitature is the founder, chairman and Group CEO of the Simba Group of Companies which is primarily based in East Africa.
As Simba Telecom Ltd is regarded as Uganda’s biggest seller/merchant of MTN airtime, Bitature’s current net worth hangs around $100 million. On the other hand, his interests span hospitality, energy, real estate among others.
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