Hamis Kiggundu

Hamis Kiggundu (born 10 February 1984), commonly known as Ham,[3][4][5][6] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[7] and author.

Hamis Kiggundu
Hamis Kiggundu, C.E.O of HAM GROUP OF COMPANIES
Born1984 (age 36–37)
Lukerere, Kalungu, Uganda
NationalityUgandan
EducationKabojja International School, Munyonyo
Alma materSchool of Law, Makerere University, Kampala (Bachelor of Laws)
OccupationBusinessman, entrepreneur, investor, lawyer
Years active2003–present
Known forInvestments, Business, Need for Banking Reforms in Uganda[1]
Net worthUS$520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes[2]
AwardsBusiness Motivation Book of the Year 2018, Uganda

Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality.

Background

Kiggundu is the son of Haruna Segawa, who is part of a family with extensive property investments in Kampala.[8]

In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle against Diamond Trust Bank;[5][9] he alleged that the bank defrauded him 30 million dollars over the course of 10 years.[10]

Religion and family

Kiggundu was born and raised in a Muslim family. He talks about Islam as "the highest achievement of a lifetime".[11]

Early life and education

Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12] and later graduated from Makerere University with a Bachelors of Laws.

He joined the Law Development Center where he graduated with a diploma in legal practice.

Nakivubo Stadium redevelopment

In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility.[13][14][15][16]

Book writing

Kiggundu wrote Success and Failure Based on Reason and Reality in 2018.[17][18][19]

Philanthropy

In 2019 he established Ham Foundation,[20] a charity organization to improve lives and create a positive and transformative change in individuals and their communities.

In March 2020, Kiggundu donated 200 bicycles,[21] Qurans, and prayer mats to Muslim clerics in the Greater Masaka Region through the Ham Foundation.[22]

In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force.[23] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[24][25] but was also criticized for providing cash handouts to journalists.[26]

Lawsuit

In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over USD 30 million (UGX 34.29 billion and USD 23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years.[27]

In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totaling to UGX 34.29 billion and USD 23.4 million,[28][29] with an additional 8% interest for legal costs.[30] 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.[31]

Awards

In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala.[3][32]

See also

References
  1. J, lukwago (18 January 2016). "A CALL FOR BANKING REFORMS IN UGANDA". The Uganda Times. Retrieved 6 August 2020.
  2. J, lukwago (18 January 2016). "Top 10 Youngest Billionaires In Uganda – Check Them Out!". Newslex Point. Retrieved 19 June 2020.
  3. "Ham Kiggundu: "I have made money genuinely"". Nile Post. 23 July 2018. Retrieved 21 June 2020.
  4. "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used". Watchdog Uganda. 29 May 2019. Retrieved 19 June 2020.
  5. "Tycoon Ham drags DTB to court over sh100b". www.newvision.co.ug. Retrieved 21 June 2020.
  6. Ssejjombwe, Isaac. "Ham hosts Muslims ahead of Eid feast – Sqoop – Get Uganda entertainment news, celebrity gossip, videos and photos". Retrieved 21 June 2020.
  7. The Spy, Uganda (7 April 2020). "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus". We lead in INVESTIGATIVE, well researched and balanced JOURNALISM covering Pan-Africanism, Business, Politics, Entertainment, Sports, Special projects. Retrieved 29 January 2021.
  8. "Siblings who own a piece of Kampala City". Daily Monitor. Retrieved 25 July 2020.
  9. "Ham Enterprises takes on DTB in fraud accusations fallout". PML Daily. Retrieved 21 June 2020.
  10. Times, Uganda (11 March 2020). "Ham Enterprises drags DTB to court over 100Bn UGX Fraud". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
  11. Kiggundu, Hamis (21 May 2019). "Islam Is Peaceful, Beautiful, Pure and Absolute. The highest achievement of a Lifetime". The Uganda Post. Retrieved 29 August 2020.
  12. "Kabojja International School". kabojjainternational.com. Retrieved 19 June 2020.
  13. "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium". Red Pepper. 1 April 2015. Retrieved 19 June 2020.
  14. "First Lady's visit an endorsement of Nakivubo work, says". Daily Monitor. Retrieved 19 June 2020.
  15. "Nakivubo Stadium re-development takes shape". www.newvision.co.ug. Retrieved 19 June 2020.
  16. Times, Uganda (19 February 2020). "Minister Obua confident of Nakivubo Stadium progress Credits Hamis Kiggundu". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
  17. Times, Uganda (24 July 2018). "Hamis Kiggundu publishes a book on Success & Failure". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
  18. "Hamis Kiggundu". www.goodreads.com. Retrieved 19 June 2020.
  19. "Success and failure based on reason and reality – By Hamis Kiggundu". Retrieved 19 June 2020.
  20. "Ham Foundation". Thecapitaltimes. Retrieved 29 August 2020.
  21. The Uganda Times. "Charity: Tycoon Hamis Kiggundu donates 200 bicycles to Rural Clerics". The Uganda Times. Retrieved 19 June 2020.
  22. Times, Uganda (14 March 2020). "Charity: Tycoon Hamis Kiggundu donates 200 bicycles to Rural Clerics". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
  23. "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy". Nile Post. 4 April 2020. Retrieved 21 June 2020.
  24. Times, Uganda (20 April 2020). "Young City Tycoon Hamis Kiggundu donates food to Uganda Journalism Association, Bails Out 100 Ugandan Journalists". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
  25. "UJA to Support Journalists with Foodstuff". ChimpReports. 20 April 2020. Retrieved 19 June 2020.
  26. URN. "Journalists scramble for Hamis Kiggundu's cash". The Observer – Uganda. Retrieved 26 July 2020.
  27. Times, Uganda (11 March 2020). "Ham Enterprises drags DTB to court over 100Bn UGX Fraud". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 13 November 2020.
  28. "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman". Watchdog Uganda. 7 October 2020. Retrieved 13 November 2020.
  29. "Why Hamis Kiggundu won multi-billion court case against DTB". Nile Post. 9 October 2020. Retrieved 13 November 2020.
  30. URN. "Court orders DTB to refund immediately Shs 120bn to Ham". The Observer – Uganda. Retrieved 13 November 2020.
  31. Times, Uganda (8 October 2020). "Commercial Court Orders against Diamond Trust Bank in the 120 Billion Fraud Case Ruling". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 13 November 2020.
  32. Times, Uganda (12 December 2018). "Hamis Kiggundu's Book Wins Business Book Of The Year!". The Uganda Times – Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 19 June 2020.
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