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Ham Enterprises Ltd

From EverybodyWiki Bios & Wiki
(Redirected from Draft:Ham Enterprises)

Ham Enterprises Ltd
Ham Towers Makerere.jpg
Ham Shopping Mall Makerere, former Headquarters of Ham Enterprises
Ham Enterprises Ltd
Real Estate Company
ISIN🆔
IndustryReal Estate
Founded 📆
Founder 👔Hamis Kiggundu
Headquarters 🏙️923 Makerere Hill Road Opposite University
Area served 🗺️
Key people
Hamis Kiggundu (Director)
ServicesReal Estates, Property Development, Property Management & General Construction, Book publishing
Members
Number of employees
7000
ParentHam Group of Companies
🌐 WebsiteOfficial Website
📇 Address923 Makerere Hill Road
📞 telephone+256702141589
🥚 Twitterhamenterpiese
👍 Facebookhamenterpiesesug
📷 Instagramhamenterpieses
Couldn't parse video from https://m.youtube.com/c/HamEnterprises


Ham Enterprises Ltd commonly known as Ham Enterprises, is a Real Estate subsidiary of the Ham Group of Companies, a Ugandan conglomerate owned by businessman Hamis Kiggundu.[1]

Overview[edit]

As of August 2020, Ham Enterprises is mainly involved in real estate development and management, Agro-Processing, International Trade and book Publishing. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. In April 2021, Forbes Magazine Valued his net worth at US$870 million.[1]

Background[edit]

It was established in 2009 as a private company by owned Hamis Kiggundu also having Majority of the Shares.

Hamis Kiggundu through Ham Enterprises acquires, develops and manages properties for and on behalf of Ham Group[2][3][4][5]

Projects[edit]

Nakivubo Stadium Re-Development[6][7][edit]

In 2015, Ham Enterprises was awarded a contract to redevelop and Upgrade Nakivubo War Memorial Stadium into a modern sports facility and venue with a relatively bigger capacity by the president of Uganda[8], H.E Yoweri Kaguta Museveni. This project is currently being undertaken with Roko Construction as the lead contractor.[9][10][11][12][13]

Ham Palm Villas[edit]

This is a gated Luxury residential community in Akright City off Entebbe Express Highway with 500 homes, villas and apartments with resident: Health, Shopping and Fully Fledged Sports facilities.[1][14]

Ham Agro Processing Industries[15][edit]

Ham Agro-Processing Industries refer to 10 (ten) Integrated Agro-processing Industrial Parks (IAIPs) in the different significant agro-produce and Livestock production zones in Uganda.[16]

The company initially embarked on a US$156 million project in the central region (First Agro Zone) where advanced Integrated Agro-Processing Industrial Plants (IAIP) are being setup at Akright City as a pioneer project, with a goal of providing value addition for resident and international consumption of Uganda's Agro produce. The project aim is to promote import substitution by being able to add value to local produce instead of importation of agro-processed products. Silos (Storage Units) of over 500,000 metric ton, have already been established as reported by Forbes.[17]

The White House Uganda

The White house the administration block housing the National offices of Ham Agro Processing Industries. It is a replica of the US White House.[18]

Court case[edit]

In January 2020, Ham Enterprises (The Company) together with Hamis Kiggundu and 2 other associates indicted Diamond Trust Bank Uganda and Diamond Trust Bank Kenya for illegally debiting monies amounting to UGX 34.29 billion and USD 23.4 million, jointly from their bank accounts over a spread period of approximately 10 years.[19][20][21][22]

On October 7,2020, The Company won the suite and the High Court of Uganda ordered Diamond Trust Bank to repay all the illegally debited monies at an interest rate of 8% per year in addition to legal costs. The court also ordered the bank to completely release all mortgages allegedly created over the companies’ properties and all corporate and personal guarantees issued by the Directors.[23][24][25][26][27][28][29]

DTB Bank immediately appealed[30] the judgement in the High Court and an alleged exparte order halting payment of the monies to Ham Enterprises was Issued pending determination of the Appeal.[31][32][33][34]

Book Publishing[edit]

The Company has of March 2021 published two books: Success and Failure Based on Reason and Reality in 2018.and Reason as the World Masterpiece in 2021, all authored by Hamis Kiggundu[35]

See Also[edit]

Reference[edit]

  1. ↑ 1.0 1.1 1.2 FORBES AFRICA, Magazine (2021-03-10). "Ham Enterprises (U) Ltd: Hamis Kiggundu" (PDF). Forbes Africa ,Magazine. APRIL / MAY 2021: Page 24 – via UGANDA - The Pearl Of Africa (wp-content/uploads/2021/03/FORBES-UGANDA_2021_40pags_vok5-online.pdf).
  2. ↑ "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used". Watchdog Uganda. 2019-05-29. Retrieved 2021-04-12.
  3. ↑ Times, Uganda (2020-01-31). "Ham Group Masterminding Mass Real Estate and property Developments in Uganda". The Uganda Times - Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 2021-02-12.
  4. ↑ "Tycoon Ham Reveals How He Made His Money » Business Focus". Business Focus. 2017-12-11. Retrieved 2021-04-09.
  5. ↑ "KCCA to Sue Ham Enterprises over Park Yard Market". NBS Television. Retrieved 2021-04-09.
  6. ↑ "Sh178b Nakivubo stadium redevelopment by HAM continues". thelocal.ug. Retrieved 2020-06-26. Unknown parameter |url-status= ignored (help)
  7. ↑ "Ham Optimistic as Nakivubo Stadium Construction Resumes". ChimpReports. 2020-09-30. Retrieved 2021-04-09.
  8. ↑ "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium". Red Pepper Uganda. 2015-04-01. Retrieved 2020-06-26.
  9. ↑ "Minister Obua Confident Of Nakivubo Stadium Progress". www.newvision.co.ug. Retrieved 2020-06-26. Unknown parameter |url-status= ignored (help)
  10. ↑ "Nakivubo Stadium Will be Ready by End of 2021 – Says Project Manager". ChimpReports. 2020-04-17. Retrieved 2020-06-26.
  11. ↑ "Nakivubo Stadium works take shape again". PML Daily. 2019-02-18. Retrieved 2020-06-26.
  12. ↑ Reporter, Our (2019-12-11). "Ham Enterprises, trustees and others dragged to court for mortgaging Nakivubo Stadium at US$7m". Eagle Online. Retrieved 2020-06-26.
  13. ↑ "Hamis Kiggundu: I Am Your Son, Don't Frustrate Nakivubo Development Project". ChimpReports. 2017-12-11. Retrieved 2021-04-09.
  14. ↑ Post, Entebbe (2020-06-07). "Ham Palm Villas: The Story of Success Mixed with Hard work". Entebbe Post. Retrieved 2021-04-09.
  15. ↑ Reporter, NELSON MANDELA | PML Daily (2020-10-16). "PICTORIAL: Tycoon Ham starts $120M integrated Agro Processing Plant". PML Daily. Retrieved 2021-04-12.
  16. ↑ "Agro Processing Industries In Uganda". holzbau-reichlin.ch. Retrieved 2021-04-09.
  17. ↑ Forbes, Africa, Magazine (2021-12-03). "Ham Agro Processing Industries: US$156 million project" (PDF). Forbes Africa. Retrieved 2021-04-09.
  18. ↑ https://realmuloodi.co.ug/why-has-hamis-kiggundu-built-the-white-house-in-uganda/
  19. ↑ "Ham Enterprises drags DTB to court over Shs112bn "fraudulent" deductions from their account". Matooke Republic. 2020-03-11. Retrieved 2021-04-09.
  20. ↑ "Court orders appointment of auditor in DTB, Ham case". Daily Monitor. Retrieved 2021-04-09.
  21. ↑ "Analysis of Ham Enterprises Limited & 2 Others v Diamond Trust Bank (U) Limited & Another | Afronomicslaw". www.afronomicslaw.org. Retrieved 2021-04-09.
  22. ↑ Times, Uganda (2020-07-27). "DTB on the Verge of Collapse following over 127 Bn Fraud Cases by Ham Enterprises, Gen Charles Angina, Yiga Musa & Others". The Uganda Times - Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 2021-04-09.
  23. ↑ Bank of Uganda (2021-10-08). "HAM ENTERPRISES VS DIAMOND TRUST BANK" (PDF). Press Release: 1 – via Bank of Uganda.
  24. ↑ "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman". Watchdog Uganda. 2020-10-07. Retrieved 2021-04-09.
  25. ↑ Independent, The (2020-10-08). "DTB ordered to refund UGX 120 billion to Ham Kiggundu". The Independent Uganda. Retrieved 2021-04-09.
  26. ↑ Kiyonga, Derrick. "How Kiggundu court victory brought banks on their knees". The Observer - Uganda. Retrieved 2021-04-09.
  27. ↑ "DTB vs HAM: How the case impacts Uganda's banking system". CNBC Africa. 2020-10-06. Retrieved 2021-04-09.
  28. ↑ "HAM ENTERPRISES LTD vs DIAMOND TRUST BANK (U) LTD RULING". www.madvocates.com. Retrieved 2021-04-09.
  29. ↑ "OPINION: Historical Ham Enterprises Vs DTB Court Ruling to Save Uganda Billions Lost in Unsupervised Syndicated Loans". The Ugandan Wire. 2020-10-12. Retrieved 2021-04-09.
  30. ↑ Kigongo, Juliet (2020-10-08). "Uganda: Ham Wins Loan Case, Dtb to Appeal". allAfrica.com. Retrieved 2021-04-09.
  31. ↑ "Julius Galisonga: Why the decision of court in the case of Ham Vs. DTB is very important to every Ugandan". The Legal Reports. 2020-10-09. Retrieved 2021-04-09.
  32. ↑ URN. "High court halts execution of Commercial court orders in DTB case". The Observer - Uganda. Retrieved 2021-04-09.
  33. ↑ "Principal Judge halts Shs120b payout to Ham Enterprises". Leadership Magazine. 2020-10-14. Retrieved 2021-04-09. Unknown parameter |url-status= ignored (help)
  34. ↑ "Court Rejects Bank of Uganda 'Friend Request' in DTB-HAM Case". CEO East Africa. 2021-01-28. Retrieved 2021-04-09.
  35. ↑ Success and Failure based on Reason and Reality , Reason as the World Masterpiece, AMAZON. "Ham Enterprises (U) Limited". www.amazon.com. Retrieved 2021-04-12. Unknown parameter |url-status= ignored (help)

External Links[edit]



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