Hamis Kiggundu

Hamis Kiggundu
Born1984 (age 39–40)
Masaka, Uganda
EducationKabojja International School, Munyonyo
Alma materSchool of Law, Makerere University, Kampala (Bachelor of Laws)
Occupation(s)Businessman, entrepreneur, investor, lawyer
Years active2003–present
AwardsBusiness Motivation Book of the Year 2018, Uganda
WebsiteHomepage

Hamis Kiggundu (born 1984), commonly known as Ham,[1][2][3][4] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[5] and author.

Kiggundu is the CEO of the Ham Group of Companies and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece.[6]

As of 2024, Kiggundu is among the richest Ugandans by net worth.[7]

Lawsuit

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

In October 2020, Kiggundu won the case. The Ugandan High Court ordered Diamond Trust Bank to refund all unlawfully withdrawn money totaling UGX 34.29 billion and USD 23.4 million,[8][9] with an additional 8% interest for legal costs.[10] The court also ordered the bank to release all mortgages on Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. A permanent injunction was issued to prevent DTB from enforcing the mortgages on Kiggundu's properties.[source?] DTB Bank later appealed the decision and were issued an injunction halting payment of the monies.[11]

Awards

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In 2018, Kiggundu received an award for his book, Success and Failure Based on Reason and Reality. It was named the best book of the year in the "Business Motivation" category at an event held by the Book Forum of Uganda in Kampala.[1]

References

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  1. ↑ 1.0 1.1 Katungulu, Amon (23 July 2018). "Ham Kiggundu: "I have made money genuinely"". Nile Post. Retrieved 21 June 2020.
  2. ↑ "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used". Watchdog Uganda. 29 May 2019. Retrieved 19 June 2020.
  3. ↑ "Tycoon Ham drags DTB to court over sh100b". www.newvision.co.ug. Retrieved 21 June 2020.
  4. ↑ Ssejjombwe, Isaac. "Ham hosts Muslims ahead of Eid feast – Sqoop – Get Uganda entertainment news, celebrity gossip, videos and photos". Retrieved 21 June 2020.
  5. ↑ "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus". The Spy Uganda. 7 April 2020. Retrieved 29 Jan 2021.
  6. ↑ "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka". NTV Uganda. Retrieved 2021-03-18.
  7. ↑ Asiteza, Remmy (2024-04-07). "LIST: Unveiling Uganda's wealthiest moguls in 2024 as Sudhir retains top spot". Daily Express. Archived from the original on 2024-04-07. Retrieved 2024-06-09.
  8. ↑ "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman". Watchdog Uganda. 7 October 2020. Retrieved 13 November 2020.
  9. ↑ "Why Hamis Kiggundu won multi-billion court case against DTB". Nile Post. 9 October 2020. Retrieved 13 November 2020.
  10. ↑ URN. "Court orders DTB to refund immediately Shs 120bn to Ham". The Observer – Uganda. Retrieved 13 November 2020.
  11. ↑ URN. "Principal judge 'rejects' bribe offer in Ham-DTB appeal case". The Observer - Uganda. Retrieved 2021-03-11.