Mohammed Hamid (entrepreneur)

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Mohammed Hamid
Born 1976 (age 41–42)
Sudan
Residence Kampala, Uganda
Nationality Ugandan
Alma mater Makerere University
Occupation Businessman, entrepreneur, investor
Years active 1987 - present

Mohammed Hamid (born 1976) is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Aya Group.

According to Forbes in 2015, he was the second richest African under 40, after Tanzanian multi-millionaire Mohammed Dewji.[1]

Background[edit]

Hamid was born in the Sudan circa 1976. In 1987, he traveled to Uganda for the first time to visit his elder brother, Mohammed El Hamid, who operated a commodity trading business called Pan Afric Impe. He fell in love with the country and stayed.

The younger Mohammed worked with his elder brother until the early 1990s when he started his first company Pan Afric Commodities, also a commodities trading business. Later, he bought a milling machine from Premiere Mills, one of the companies owned by businessman Sudhir Ruparelia. In 1997, he bought a 15 acres (6.1 ha) piece of land in Kawempe, where he relocated the machinery and started milling wheat. Later he bought more mills and started baking bread and confectioneries.[2]

Later, he started a trucking business, FIFI Transport Uganda Limited, which is "a leading hauler in the East and Central African region", with a fleet of more than 3,000 Mercedes-Benz Actros trucks.[3] One of his companies, Aya Investments, is the developer of the Kampala Hilton Hotel, under construction since 2006.[4]

See also[edit]

References[edit]

  1. ^ Nsehe, Mfonobong (7 February 2015). "Meet Mohammed Hamid, The $200 Million Milling Tycoon Of Uganda". Forbes.com. Retrieved 9 February 2016.
  2. ^ Kiggundu, Joseph (31 January 2016). "How Ugandan investor of Sudanese origin milled his way to become Forbes second richest African under 40". Daily Monitor. Kampala. Retrieved 9 February 2016.
  3. ^ Wanyenya, Prisca (8 February 2016). "Mohammed Hamid: From Vending To Shs900bn Aya Empire". The Red Pepper Newspaper. Kampala. Retrieved 8 February 2016.
  4. ^ Nkaheebwa, Rowland (8 September 2014). "Hilton Hotel Boss Lives Like A king". The Red Pepper Newspaper. Kampala. Retrieved 9 February 2016.

External links[edit]