Anatoli Kamugisha

Anatoli Kamugisha
Born 1963 (age 51–52)
Uganda
Residence Kakungulu, Uganda
Nationality Ugandan
Ethnicity Munyankole
Citizenship Uganda
Alma mater Kyambogo University
(Did Not Graduate)
Occupation Investor & Businessman
Years active 1989 — present
Known for Real Estate
Home town Mitooma
Religion Protestant

Anatoli Kamugisha is a businessman, entrepreneur and investor in Uganda, the third-largest economy in the East African Community. He currently serves as the Managing Director and CEO of Akright Projects Limited, a Ugandan real estate development company that he founded. He also serves as the President of the Uganda Private Property Developers Association (UPPDA).[1] He is reported to be one of the wealthiest individuals in the country, with an estimated net worth of approximately US$15 million as of January 2012.[2]

Background and education

He was born in 1963, in Mitooma District, Western Uganda. He attended local schools and was admitted to Kyambogo Polytechnic, now part of Kyambogo University, to study for a degree in Civil Engineering. However, he left the university before graduating, when he ran out of tuition money.[3]

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 (SCOUL) and the Norwegian Forestry Society (NFS).[4]

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 Projects Limited

The mode of operation employs a set of actions which begins by (a) identifying an area of potential planned residential real estate development (b) acquisition of the land (c) planning the development; including roads, schools, shops, recreational areas and residences (d) bringing the three main utilities (electricity, water and sewerage) to the planned estate and making them available to each demarcated plot of land (e) selling demarcated plots of land to interested end users (e) working with pre-approved contractors and the end users to erect residences that meet pre-set standards and community norms.

Akright has developed several residential estates including:

  1. Akright Namanve Housing Estate - Namanve
  2. Akright Namugongo Housing Estate - Nsasa
  3. Akright Kirinnya Housing Estate - Kirinnya
  4. Akright Lubowa Housing Estate - Lubowa
  5. Akright Kakungulu Housing Estate - Kakungulu

Kakungulu Housing Estate

In 2002, Akright acquired 2 square miles (1,300 acres) of land from the descendants of Prince Badru Kakungulu for the development of the company's largest planned housing estate in the country; Akright Kakungulu Housing Estate. It is located at Bwebajja, approximately 18 kilometres (11 mi), by road southwest of Kampala, Uganda's capital, along Kampala-Entebbe Road.[5][6]

See also

References

  1. ↑ Ssempijja, David (8 December 2012). "Low Cost Housing Remains A Dream". New Vision (Kampala). Retrieved 28 November 2014.
  2. ↑ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets". New Vision Mobile (Kampala). Retrieved 28 November 2014.
  3. ↑ Kulabako, Faridah (10 March 2014). "Real Estate Entrepreneur". Daily Monitor (Kampala). Retrieved 28 November 2014.
  4. ↑ Akright, . "Background To Formation of Akright Projects Limited". Akright Projects Limited (Akright). Retrieved 28 November 2014.
  5. ↑ Kisambira, Edris (17 April 2006). "Uganda: Shelter Afrique, Akright In US$8.5 Million Housing Deal". East African Business Week (Kampala) via AllAfrica.com. Retrieved 28 November 2014.
  6. ↑ w'Ouma, Wandera (14 July 2006). "Uganda: Museveni to Launch Kakungulu Estate Today". Daily Monitor (Kampala) via AllAfrica.com. Retrieved 28 November 2014.

External links