Young And Rich! List Of Massively Booming Businesses Owned By Hamis Kiggundu In Uganda And Abroad
By Uganda Online Media
The 38-year-old Hamis Kiggundu, aka ‘Ham’, is a Ugandan businessman, investor, real estate and property developer, philanthropist, author and the current CEO of the Ham Group of Companies.
Listed among the wealthiest businessmen in Uganda and East Africa Including the likes of Sudhir Ruparelia, and Patrick Bitature among others, Ham is the youngest billionaire with an estimated net worth of $870M as of March 2021 by Forbes.
With a long list of yet-to-be-fulfilled dreams, Ham owns a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd.
He also owns a logistics company trading as Ham International Express Logistics LLC based in Euless, Texas, with a number of trucks throughout the United States, Hamz Link Ltd, a multimedia platform company based in Edmonton Canada where he has been able to launch an online learning platform, Hamz Campus, a video streaming App, Hamz Wave, and a social media platform, Hamz Line among others.
In Uganda, the young and famous billionaire owns a chain of other projects and properties including; Ham Integrated Agro-Processing Industries an Agro-Processing plant, Ham Group of Companies, Ham Enterprises, Ham Shopping Ground in downtown Kampala City, Ham Towers, Ham Palm Villas located in Entebbe, Kiham Enterprises, a multi-billion state-of-the-art building dubbed the “Ugandan White House” located in Entebbe among other booming businesses.
Drawing inspiration from the official residence and workplace of the president of the United States of America, Ham’s replica of the white house is not only a dream come true for him but an insiparation to the youths and the country at large.
Lets Take A Look At The Muiltibillion ‘Ugandan White House’
The unstoppable young and blessed tycoon also took over the renovation and upgrading of the yet-to-be-unveiled Nakivubo Stadium and renamed it Nakivubo Memorial Stadium plus expanding its sitting capacity from 30,000 to 35000 and also adding retail shops inside the facility.
Ham is also famous for his book; Success and Failure Based on Reality and Reason that was nominated for the best book of the year at an event arranged by the Book Forum of Uganda in Kampala.
In July 2021, Ham also donated Shs 530 Million to the government of Uganda to help in the purchase of COVID-19 vaccines for Ugandans.
Succesful Legal Battles
In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed “unclear debits” in 10 years period.
In October 2020, Kiggundu won the case and Diamond Trust Bank got instructed to refund all the money Kiggundu lost on his account amounting to 34.29billion including 8% interest legal costs by the High Court in Kampala.
The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu’s properties and all corporate and personal guarantees issued by Kiggundu.
The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu’s properties. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies.
