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Haruna Sentongo

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Mr
Haruna Sentongo
File:Haruna Sentongo.jpg File:Haruna Sentongo.jpg
Haruna Sentongo in Kampala, December 2020
BornSentongo Segawa Haruna
(1987-11-30) November 30, 1987 (age 38)
Kalungu, Uganda
🏳️ NationalityUgandan
Other namesHaruna Towers
🏳️ CitizenshipUganda
🎓 Alma materEast High School, Ntinda
High School Diploma
Makerere University
Bachelor of Business Administration
💼 Occupation
📆 Years active  2003 — Present
👔 EmployerHaruna Enterprises U Limited
Known forHaruna Enterprises, Wealth, Properties
💰 Net worth$420
TitleChief Executive Officer
👴 👵 Parents
  • Haruna Segawa (father)
  • Nakayiza Jalia (mother)
🌐 WebsiteHaruna Enterprises

Haruna Sentongo (born 30 November 1987), is a Ugandan businessman and the founder and chief executive officer of Haruna Enterprises, a real estate company based in Kampala, Uganda.[1] [2][3][4]

He is reported to be one of the richest people in Uganda with an estimated net worth of US$420 million (April 2021).[5][6][7]

Early Life

Haruna was born on 30 November 1987, in Kalungu, a town in Masaka greater district of central Uganda.

He is a son of hajji Haruna Segawa and Nakayija Jalia, who are part of a family with extensive property investments in Kampala. [8][1]

Education Career

Haruna attended primary school in Masaka, O-Level studies at Kabojja International School in Kampala and his A-Level studies at East High School, Ntinda. He attended Makerere University, where he graduated with a Bachelor of Business Administration degree.[9]

Business career and the Founding of Haruna Enterprises Limited

In 2003, Haruna started as a small retailer dealing in ladies’ handbags which he imported from china with support from his father.[10][11][12]

In 2005, he started trading in home and office furniture from a distribution store in Kampala. With accumulated reasonable profits, he diversified into garments trading in 2007. He imported ladies’ clothes from Southeast Asia and distributed them in the great lakes region.[11] He then bought commercial plots in different suburbs of Kampala City.[13]

In 2011, he incorporated Haruna Enterprises Limited, a private company with limited liability, through which he constructed Haruna Towers with help from loan facilities from different Ugandan commercial banks.[13] With more capital inflows, he continued buying large chunks of land and developing more markets and shopping malls.[6][4][5][14]

Other business interests and investments

In addition to his real estate interests, Haruna owns and operates cinema halls including: a 7D, a 5D, and a 3D/2D theater[15], situated in Ntinda, a Kampala neighborhood.[16] He also owns a chain of fitness centers operating in different areas of Kampala.[1][3]

Manufacturing: Soft Beverages and Household Consumables

Haruna started manufacturing and processing bottled mineral water, skincare products, and a range of household consumables including hand sanitizers, laundry and toilet soap, candles, and confectionaries. His factories are located in Nsangi, Wakiso district of Central Uganda.[1]

The Uganda Daily attributes his wealth to financial discipline and proper usage and management of bank loans.[11]

Charity Work

In July 2020, Haruna exempted 500 tenants at his Segawa Market in Mengo, Kampala from paying rent for three months, citing hardships experienced during the Covid-19 lockdown.[17][18][19]

In October 2020, he also waived six months’ rent for all his tenants at Haruna Mall in Ntinda to help stabilize their businesses following the lockdown.[20][21][22][23]

Haruna plans to build a 213.4-meter/700-foot-tall, 40-floor, 5-star multi-business plaza at an estimated cost of US$250 million on Nakasero Hill in Kampala city in the next few years.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Reporter, Our (2018-02-12). "Young, Successful and Ugandan: Sentongo Haruna, C.E.O of Haruna Enterprises' Journey From Grass To Grace". Daily Express News. Retrieved 2021-08-08.
  2. ↑ "Landlord and Tenant: Notice to Terminate: Subsequent Collection of Rent as Waiver of Notice". Michigan Law Review. 39 (6): 1036–1038. April 1941. doi:10.2307/1282958. ISSN 0026-2234. JSTOR 1282958.
  3. ↑ 3.0 3.1 Times, Uganda (2016-01-28). "How Haruna Sentongo of Haruna Enterprises made his money and became a billionaire". The Uganda Times - Uganda News, Uganda Updates, Breaking News, World News, Business, Travel, About Uganda | Home. Retrieved 2021-01-30.
  4. ↑ 4.0 4.1 "Haruna Sentongo Fact File". Kampala Express. 2016-06-28. Retrieved 2021-01-30.
  5. ↑ 5.0 5.1 "ENTREPRISING: Sentongo Haruna builds empire worth USD420m brick by brick". Watchdog Uganda. 2021-03-12. Retrieved 2021-08-08.
  6. ↑ 6.0 6.1 "Ssentongo seeks to change face of Kisenyi slum". Daily Monitor. Retrieved 2021-03-20.
  7. ↑ "From Grass to Grace: The Success Journey of Sentongo Segawa Haruna, C.E.O Haruna Enterprises (U) Ltd". Thecapitaltimes. Retrieved 2021-08-08.
  8. ↑ "Siblings who own a piece of Kampala City". Daily Monitor. Retrieved 2021-08-08.
  9. ↑ Uganda Post News (28 June 2018). "Profile: Interesting facts you need to know about young city tycoon Haruna Sentongo". Uganda Post. Retrieved 18 July 2020.
  10. ↑ J, lukwago (2020-07-31). "How Haruna Sentongo Used 300k To Become Real Estate Multi-Billionaire". Newslex Point. Retrieved 2021-08-08.
  11. ↑ 11.0 11.1 11.2 Uganda Daily (22 November 2019). "Young city tycoon Haruna Sentongo's source of wealth revealed". Kampala: Uganda Daily. Retrieved 18 July 2020.
  12. ↑ "I started my empire with just Shs300,000 – property tycoon Haruna Sentongo". Matooke Republic. 2020-08-12. Retrieved 2021-08-08.
  13. ↑ 13.0 13.1 "Tycoon Haruna Sentongo's top 9 tips for youth who want to make and keep money". Watchdog Uganda. 2020-08-06. Retrieved 2021-08-08.
  14. ↑ "He is shy and reclusive. His businesses rake in billions a year. Meet Haruna Ssentongo". Nile Post. 2021-03-14. Retrieved 2021-03-25.
  15. ↑ "City Tycoon Haruna Opens 7D Cinema In Ntinda". www.howwebiz.ug. Retrieved 2020-07-25. Unknown parameter |url-status= ignored (help)
  16. ↑ Earth Finds (7 April 2019). "Haruna Enterprises Goes Multipurpose With Haruna Shopping Center". Kampala: Earth Finds Uganda. Retrieved 19 July 2020.
  17. ↑ New Vision (6 July 2020). "Segawa market landlord Haruna Sentongo gives tenants three months rent waiver". New Vision. Kampala. Retrieved 18 July 2020.
  18. ↑ Amon Katungulu (7 July 2020). "Businessman, Haruna Sentongo, grants three month rent waiver to tenants". Kampala: Nile Post Uanda. Retrieved 19 July 2020.
  19. ↑ Mubiru Ivan (5 July 2020). "You're a blessing ! Ugandans shower praise to city businessman Haruna Sentongo for waiving rent for his tenants". Kampala. Retrieved 19 July 2020.
  20. ↑ Reporter, Spy (2020-10-19). "Business Tycoon Haruna Sentongo Pardons Six Months Rent Arrears For 120 Tenants In His Multi-billion Haruna Mall In Ntinda". The Spy. Retrieved 2021-03-25.
  21. ↑ "Landlord Haruna Sentongo cancels tenants' six months rent arrears". www.newvision.co.ug. Retrieved 2020-12-02. Unknown parameter |url-status= ignored (help)
  22. ↑ "City landlords waive rent arrears for tenants". Daily Monitor. Retrieved 2021-03-25.
  23. ↑ "Businessman, Haruna Ssentongo, writes off rent arrears for tenants at Haruna Towers". Nile Post. 2020-10-19. Retrieved 2021-03-25.

Other Websites

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