Mohammed Hamid (born 1976) is a

Ugandan }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The sou ...

business magnate and

investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

. He is the owner and chairman of the executive board of directors for the

Aya Group The Aya Group of Companies, commonly referred to as the Aya Group, is a business conglomerate based in Uganda. Location With headquarters at 62 Bombo Road, Kawempe, in northern Kampala, Uganda's largest city, the group's business activities exte ...

. According to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' in 2015, he was the second-richest African under 40, after Tanzanian multi-millionaire Mohammed Dewji. He is currently the 2nd wealthiest individual in Uganda, with an estimated networth of USD$1.259 Billion.

Background

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 Impex. He fell in love with the country and stayed. Hamid and his family

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 Sudhir Ruparelia (born 17 January 1956) is a Ugandan business magnate and investor of Indian origin. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insura ...

. In 1997, he bought a piece of land in

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

, a suburb of Kampala, where he relocated the machinery and started milling wheat. Later he bought more mills and started baking bread and confectioneries. Later, he started a trucking business, FIFI Transport Uganda Limited, later renamed Panafric Transport, which is a leading hauler in the East and Central African region", with a current fleet of hundreds of heavy duty Scania and MAN prime movers and semi trailers . One of his companies, Aya Investments, is the developer of the Pearl of Africa Hotel, launched in 2017 by President

Yoweri Museveni Yoweri Kaguta Museveni Tibuhaburwa (born 15 September 1944) is a Ugandan politician and retired senior military officer who has been the 9th and current President of Uganda since 26 January 1986. Museveni spearheaded rebellions with aid of then ...

. In 2018, ''

'' listed Hamid among the 5 young African Millionaires to watch.

References

External links

Aya Group Homepage
{{DEFAULTSORT:Hamid, Mohammed 1976 births Living people Ugandan businesspeople Ugandan people of Sudanese descent Ugandan businesspeople in real estate Businesspeople in the hospitality industry Makerere University alumni People from Kampala District Ugandan business executives

Background

See also

References

External links