Charles Mbire
Encyclopedia
Charles Mbire is a businessman, entrepreneur
and industrialist in Uganda
. He is reported to be the wealthiest indigenous Ugandan, with an estimated net worth in excess of US$65 million, as of December 2008.
, southwestern Uganda. He studied business and economics and graduated with Honors from Essex University in England
. He went on to obtain a Master of Business Administration
(MBA) from Leicester University, also in the United Kingdom
. His investments range from telecommunications, finance
, energy
, real estate
, pharmaceuticals and transportationplus this man is part of the most richest family in Uganda
in 2010. He is also a member of the Presidential Investor Roundtable, an elite group of businesspeople who advise the President of Uganda
on how to improve business competitiveness and business conditions in the country.
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and industrialist in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. He is reported to be the wealthiest indigenous Ugandan, with an estimated net worth in excess of US$65 million, as of December 2008.
Background
Mbire traces his origins to Mparo, Kabale DistrictKabale District
Kabale District is a district in Western Uganda. As with most other Ugandan districts, it is named after its 'chief town', Kabale. It was originally part of the district of Kigezi, before the districts of Rukungiri, Kanungu and Kisoro were peeled off to form separate districts.-Location:Kabale...
, southwestern Uganda. He studied business and economics and graduated with Honors from Essex University in England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. He went on to obtain a Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA) from Leicester University, also in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. His investments range from telecommunications, finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, pharmaceuticals and transportationplus this man is part of the most richest family in Uganda
Business Interests
Charles Mbire is part owner and member of the Board of Directors of the following Ugandan businesses:- Afro Alpine Pharma Limited
- East Africa Fish Farming Limited
- Ecobank Uganda LimitedEcobank (Uganda)Ecobank is a commercial bank in Uganda. The bank began operations in January 2009 as a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and...
- Eskom Uganda LimitedEskomEskom is a South African electricity public utility, established in 1923 as the Electricity Supply Commission by the government of South Africa in terms of the Electricity Act . It was also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie . The two acronyms were combined in 1986 and...
- Invesco (Uganda) Limited
- MTN Communications Uganda Limited
- Polino Holdings Limited
- Sunco Investments Limited
- Bomi Holdings Limited
- Rift Valley RailwaysRift Valley Railways ConsortiumThe Rift Valley Railways Consortium is a consortium that was established to manage the parastatal railways of Kenya and Uganda. The consortium won the bid for private management of the century-old Kenya-Uganda railway in 2005.-History:...
- Chui Investments Limited - An investment company specializing in small and medium-sized power stations in Uganda
Other responsibilities
Charles Mbire was appointed Chairman of Uganda Securities ExchangeUganda Securities Exchange
The Uganda Securities Exchange is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.The exchange's doors opened to trading in...
in 2010. He is also a member of the Presidential Investor Roundtable, an elite group of businesspeople who advise the President of Uganda
President of Uganda
-List of Presidents of Uganda:-Affiliations:-See also:*Uganda*Vice President of Uganda*Prime Minister of Uganda*Politics of Uganda*History of Uganda*Political parties of Uganda...
on how to improve business competitiveness and business conditions in the country.
Net worth
As of May 2009, it is estimated that the net worth of Charles Mbire is in excess of US$65 million.External links
Photos
See also
- GatunaGatunaGatuna is a town in northern Rwanda.-Location:Gatuna is located in Burera District, Northern Province, at the border with the Republic of Uganda. Its location is about , by road, north of Kigali, Rwanda's capital and largest city...
- Kabale DistrictKabale DistrictKabale District is a district in Western Uganda. As with most other Ugandan districts, it is named after its 'chief town', Kabale. It was originally part of the district of Kigezi, before the districts of Rukungiri, Kanungu and Kisoro were peeled off to form separate districts.-Location:Kabale...
- Ecobank (Uganda)Ecobank (Uganda)Ecobank is a commercial bank in Uganda. The bank began operations in January 2009 as a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and...
- List of wealthiest people in Uganda