Mukwano group of companies owner dies

0
1569
Karmali [Centre]

Ugandan businessman Amirali Karmali commonly known as Mzee Mukwano, has died., according to family.

Mukwano passed on at his home in Kololo, Kampala, where he was reported to be on oxygen support for days.

He was one of Uganda’s most powerful businessman and one of the richest.

There is probably no home in the country without at least one of his products.

Amirali was born in the mid-1930s to Ali Mohammed Karmali, a pioneer Indian investor, came to Uganda in 1904 and laid the foundation of the empire.

He is the father to Alykhan Karmali who currently running the family business empire that spans real estate, banking, transport, and manufacturing.

The history of the Mukwano Group dates back to 1904, when Alimohamed Karmari, the father of Amirali, landed on the East African coast.

He settled in Fort Portal in Western Uganda. Amirali later shifted his base to Kampala.

Mr Amirali Karmali (2nd left) meeting The Aga Khan [R]

He was one of the few Asians who stayed in Uganda during Idi Amin Dada’s military regime.

In 2011, he was decorated with the ‘distinguished order of the Nile (class one) award’ for his distinct performance in production and enterprise development.

The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries.

The Group’s headquarters are located on Mukwano Road (Bypass Road), in the Central Division of Kampala, Uganda’s capital and largest city.

The group was established in 1986, although it did not start operations until 1989.

As of October 2016, the group is involved in six main areas of business: (a) manufacturing (b) real estate investments (c) bulk storage & shipment (d) cargo clearing & forwarding (e) agriculture and (f) financial services.

Mukwano Group is one of the most active investment groups in Uganda.

The group won the coveted Annual Presidential Award of Best Exporter of the Year for 2004.

Subsidiary companies include: (1) AK Transporters Uganda Limited; Gulf Stream Investments Limited; Exim Bank (Uganda); Lira Maize Factory Limited; Lira Oil Mill Limited; Mukwano Agro Project Limited; Mukwano AK Plastics; Mukwano Dar es Salaam Factory; Mukwano Industries Limited; Mukwano Sugar Factory; Nationwide Properties Limited; Riley Packaging Limited.

Loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here