Anatoli Kamugisha is a businessman, entrepreneur, and investor in

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

, the third-largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation composed of seven countries in the Great Lakes region of East Africa: the Democratic Republic of the Congo, the United Republic of Tanzania, the Republics of Kenya, Burundi, ...

. He is the managing director and chief executive officer of Akright Projects Limited, a Ugandan real estate development company. He also serves as the president of the Uganda Private Property Developers Association (UPDA). He has been reported to be one of the wealthiest individuals in the country, with an estimated net worth of approximately US$77million as of January 2017.

Background and education

He was born in 1963 in

Mitooma District Mitooma District is a district in Western Uganda. It is named after its main municipal, administrative and commercial center, Mitooma. Location Mitooma District is bordered by Bushenyi District to the north, Sheema District to the east, Ntunga ...

, Western Region. He attended local schools and was admitted to Kyambogo Polytechnic, now part of

Kyambogo University Kyambogo University (KYU) is a public university in Uganda. It is one of the eight public universities and degree-awarding institutions in the country with the motto, "Knowledge and Skills for Service." History Kyambogo University was establishe ...

, to study for a civil engineering degree. However, he left the university before graduating when he ran out of tuition money.

Work experience

In 1989, at age 26, Kamugisha founded his first company, Kanoblic Group Limited, a real estate construction enterprise. He borrowed money from friends to register his business. He won construction contracts from several reputable firms, including

Sugar Corporation of Uganda Limited Sugar Corporation of Uganda Limited (SCOUL) is a sugar manufacturer in Uganda, the third-largest economy in the East African Community. Overview SCOUL is the third-largest manufacturer of sugar in Uganda, producing an estimated 60,000 metric ton ...

and the

Norwegian Forestry Society The Norwegian Forestry Society ( no, Det norske Skogselskap, often shortened to ''Skogselskapet'') is an interest organisation in Norway. It was established as ''Det norske Skogselskab'' in 1898, with Axel Heiberg as its first chairman. Its purp ...

. In 1999, he closed down Kanoblic and started Akright Projects Limited, a company that plans, designs, and constructs organized residential communities (satellite cities) in or near urban centers in Uganda, as an alternative to the mushrooming slum problem in Uganda's cities and towns. Akright has developed several residential estates including: # Akright Namanve Housing Estate –

Namanve Namanve is an area in the Central Region of Uganda. The larger portion of Namanve lies in Kira Municipality, in Wakiso District with portions located in Mukono Municipality, in Mukono District. Location Namanve lies in Bweyogerere Ward, in s ...

# Akright Namugongo Housing Estate –

Nsasa Nsasa is a neighborhood in Kira Municipality, Kyaddondo County, Wakiso District, in the Central Region of Uganda. Location Nsasa is bordered by Kigulu to the north, Misindye in Mukono District to the east, Namugongo to the southeast, downtown ...

# Akright Kirinnya Housing Estate –

Kirinnya Kirinnya, is one of the six administrative wards in Kira Municipality in Wakiso District in the Central Region of Uganda. Location Kirinnya is located in Kirinnya Ward in south-eastern Kira Municipality. Kirinnya is approximately , by road, ...

# Akright Lubowa Housing Estate – Lubowa #

Akright City Akright City is a residential community in Wakiso District of the Central Region of Uganda. Location Akright City is bordered by ''Namugongo Road'' to the north, the community of Bwebajja and Kampala–Entebbe Road to the east, Namulanda to t ...

– Bwebajja In an interview that he gave to the

Daily Monitor The ''Daily Monitor'' is a Ugandan independent daily newspaper. Its name is shared by the ''Saturday Monitor'' and ''Sunday Monitor'', which are also published by Monitor Publications Limited. ''Daily Monitor'' averaged a daily circulation of 24,2 ...

, in April 2020, Kamugisha explains how borrowing from banks nearly destroyed his business empire. At that time, while most of his troubles were behind him, he was not totally out of the weeds yet.

Kakungulu Housing Estate

In 2002, Akright acquired of land from the descendants of Badru Kakungulu for the development of the company's largest planned housing estate in the country, Akright Kakungulu Housing Estate, also referred to as

. It is located at Bwebajja, approximately , by road southwest of Kampala, Uganda's capital, along the

Kampala–Entebbe Road The Kampala–Entebbe Road, also known as the Entebbe–Kampala Road or the Entebbe Road, is a road in the Central Region of Uganda, connecting the capital city of Kampala and Entebbe International Airport. Location The road starts on Kampala ...

References

External links

Website of Akright Projects Limited
{{DEFAULTSORT:Kamugisha, Anatoli 1963 births Living people Ugandan businesspeople People from Mitooma District Kyambogo University alumni Real estate in Uganda People from Western Region, Uganda Ugandan businesspeople in real estate

Background and education

Work experience

Kakungulu Housing Estate

See also

References

External links