There has been several investments by various entrepreneurs who have played a significant role in order to boast Uganda’s Economy. A number of companies have therefore been formed and grown from scratch.
The following are some of the top richest companies in Uganda today.
1. MTN Uganda
With an estimated number of 11.2million subscribers, MTN Uganda is the largest telecom company in the Country, accounting for 55 percent market share as of 30th June 2017 and by 31st December 2019, its customer base had increased to 12.6million customers.
However, in 2021, the Uganda Communications Commission estimated the number of MTN customers in Uganda at 15million and the company registered her 20millionth customer in the country.
Founded on 21st October 1998, the company’s headquarters are located at 69-71 Jinga Road in the Kampala Central Division.
2. Nile Breweries
Nile Breweries is a brewing Industry in Uganda, founded by Rambhai Somabhai Patel with it’s headquarters located in Jinga the Eastern region of Uganda.
The company specifically produces Beer and water with a product output of 2.4million hectoliters and hence the leading Beer manufacturer in Uganda.
3. Airtel Uganda
With it’s headquarters at Airtel Towers 16A Clement Hill Road in Kampala the capital city of Uganda, the telecommunications company was founded on 8th June 2010.
Airtel Uganda is a mobile communications and information technology services provider in Uganda, a company that offers mobile funds, transfer and banking services and the company is a subsidiary of Airtel Africa PLC.
4. Uganda Breweries
Uganda Breweries Limited is Uganda’s leading premium adult Beverage Company that focuses on the development of great brands and great people.
The consumer driven company takes time to study the market and understand consumer needs, wants and as well as what satisfies them.
5. Stanbic Bank
A commercial Bank in Uganda which is licensed by the Bank of Uganda, the central bank and National banking regulator.
Stanbic bank was founded in 1906 and it’s headquarters are located in Kampala Central the capital city of Uganda.
6. Tororo Cement Factory
Tororo Cement Company Limited is one of the largest building materials manufacturing companies in Uganda and East Africa at large.
Located in Tororo Uganda, the company was founded in 1952 and it’s key founders are B.M Gagrani who is the Executive director of this private company, with over 8000 employees, it specifically manufactures cement, Galvanized Iron, steel bars, nails among others.
7. Century Bottling Company
The company is the official authorized producer and distributor of Coca Cola products in Uganda such as coke, Dasani and Fanta.
It owns two plants, the first one in Namanve with a capacity of producing 24,000 bottles an hour and the second plant is in Mbarara.
8. Bujagali Energy Limited
A leading electric Energy generating company in Uganda which owns and operates the Bujagali power station the largest hydropower plant in Uganda.
Founded in 2004, this private industry delivers affordable and clean energy in Uganda through the Bujagali
9. Kakira Sugar Factory
Often referred to as Kakira Sugar works, it is a leading sugar manufacturer in Uganda the third largest economy in the East African Community.
Kakira sugar works was founded on 1st January 1930 with over 7,500 employees and it accounts for half of the National sugar production.
10. UMEME
Umeme is the largest energy distributor in Uganda, distributing about 97 percent of electricity used around the Country.
The company’s total assets are approximately $619.18million with shareholders of equity approximately $247.27million.
However, there are more companies in the country that have also almost equally contributed to the growth and expansion of Uganda’s economy.
