Hamis Kiggundu, at just 37 years, is one of East Africa’s most admired young entrepreneur and real estate moguls. He has a property portfolio in the heart of Uganda’s city, Kampala, that comprises major shopping centres, office buildings, and hotels.
He is now constructing Ham Palm Villas, a private gated community in a prime city that will house 500 premium houses. Hamis is also building a replica of the White House in Kampala, which will serve as the headquarters for several of the younger enterprises he’s launching, including an agro-processing firm and a slew of Web and mobile tech startups.
But the renovation of the Nakivubo War Memorial Stadium is undoubtedly Hamis Kiggundu’s most important endeavour right now. In 2017, the Ugandan government formed a joint venture with Ham Group to renovate the stadium, which includes improving the grounds, expanding seating capacity from 30,000 to 35,000, and erecting retail outlets within the facility’s outer walls. His company is funding the multi-million dollar project.
Although Hamis Kiggundu was born into privilege, he built a multimillion-dollar corporation that now employs over 5,000 people in the country after his father gave him a minimum financial gift of money to establish a trading business two decades ago.
Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. He was raised in a small community of Kalunga, Uganda, in Eas. Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village.
Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a textile trader, in his shop. His family moved to Kampala while he was in high school. He attended Kabojja Secondary School from there. Later, he attended Makerere University and earned a bachelor’s degree in law. Kiggudu admits that he is more of a businessman than a lawyer these days.
In 2005, during his middle school vacations, Hamis Kiggundu’s parents gave him some funds to start a business, providing him with the opportunity to put his brooding entrepreneurial skills to the test.
Hamis began by purchasing clothing, furniture, ladies’ purses, and other items from huge importing wholesalers and reselling them locally for a profit. As his profit margins increased, he started sourcing directly from international markets and became a firsthand importer. He purchased clothing and other goods from China, Thailand, Hong Kong, and Dubai and sold them wholesale in Uganda and adjacent countries such a Kenya, Tanzania, Burundi, Congo, and Sudan.
Kiggudu’s reason for choosing those exact products he traded was because his parents dealt in those commodities at the time. As his trading business grew, he decided to branch out into a more complex industry, and real estate seemed to be an obvious choice. He mostly purchased and sold land and properties for a profit before forming Ham Enterprises (U) Ltd. and building and owning his own commercial properties.
Ham Towers is a flagship property and the first building in the Hamis Kiggudu portfolio. It is an A-class shopping, lodging, and recreation hub that features offices, restaurants, supermarkets, and a serviced apartment across Makerere University.
Ham Towers has helped Kiggudu to master the game of commercial real estate. This first project had helped him pinpoint his mistakes and move faster because he knew what to expect when it came to commercial real estate space. He made progress in a little over one year and moved on to construct his second property, Ham Shopping Mall.
His clothes business was still booming while he received additional rental money from Ham Towers, and he had secured the space where he intended to put the property. As a result, he acquired bank funding because he had adequate collateral.
Other real estate projects
The Ham Palm Villas’ has 500 modern residences under it, which means capital accumulation. The investment Kiggudu is making is slow and controlled, but he expects it to pay off handsomely in the long run. He easily sells them to stages when he needs money. The initiative functions similarly to a bank in that it secures cash for future investment while also offering a service to its community or society.
The White House will be the headquarters for all Hamis Kiggundu’s firms, also functioning as a tourist attraction. It will also serve as an example of possibilities for his Ugandan peers and Africans in general.
Real estate projects outside Uganda
Hamis Kiggudu owns a commercial property in the United Kingdom called Ham International UK Ltd, which is located at 375 Moston Ln, Manchester M40 9NB. He also owns Ham International Express Logistics LLC, a logistics company situated in Euless, Texas, that operates a fleet of vehicles across the United States.
Hamz Link Ltd, a multimedia platform company situated in Edmonton, Canada, is also owned by Hamis. He chose to invest in the West because business is all about taking calculated risks in unknown new economic zones based on a balance of probabilities.
Venturing into an agro-processing facility
Hamis Kigguda devised a proposal to build Integrated Agro-Processing Industrial Parks (IAIPs) in each of the ten agro-zones in Uganda, at a cost of $156 million per park, for a total cost of $1.56 billion for all ten IAIPs. This type of finance, however, is not yet available in Uganda.
He started with a pilot project of one integrated agro-processing plant in the central area, expecting that the government and other Ugandans would join him along the way for full implementation to cover all ten zones in Uganda.
Being a philanthropist
To tackle COVID-19 in Uganda, Kigguda contributed money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines.
He sees money as merely one of several survival tools. “If it can’t save people’s lives, it’s pointless,” he says.
With a population of 211.4 million people and ailing road networks, the motorcycle-hailing…