{UAH} Biography and Net worth: Meet Charles Mbire, the richest Indigenous Ugandan

Charles Magezi Mbire is a businessman, entrepreneur, and industrialist in Uganda. He was reported to be the wealthiest indigenous Ugandan, with an estimated net worth exceeding US$400 million as of January 2019.

Mbire was born in 1959 to Ponsiano Mbire and Thereza Mbire in Mparo, Rukiga District, southwestern Uganda.

He attended Kabale Primary School and Kitante Primary School for his elementary education. He studied at St. Mary's College Kisubi for his O-Level education.

He then attended Namasagali College for his A-Level studies.

He studied business and economics and graduated with the honors degree of Bachelor of Science, from Essex University in England.

He went on to obtain a Master of Business Administration from Leicester University, also in the United Kingdom. His investments are in telecommunications, finance, energy, real estate, pharmaceuticals, agribusiness, and transportation.

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
• Eskom Uganda Limited
• Invesco (Uganda) Limited
• MTN Communications Uganda Limited
• Polino Holdings Limited
• Sunco Investments Limited
• Bomi Holdings Limited
• Rift Valley Railways
• Chui Investments Limited – An investment company specializing in the construction, operations and ownership of small and medium-sized power stations in Uganda

Mbire was appointed chairman of the Uganda Securities Exchange 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.

In December 2008, it was estimated that Mbire's net worth exceeded US$65 million. In January 2012, his net worth was estimated to have increased to greater than US$200 million. In January 2019, he was estimated to be worth US$400 million (Shs1.5 Trillion).

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"When a man is stung by a bee, he doesn't set off to destroy all beehives"

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