Hassan Basajjabalaba (born 4 June 1967) is a Ugandan businessman, investor and philanthropist. He is best known as the founder, chairman, and CEO of the HABA Group of Companies, A large conglomerate in East Africa with an estimated value of $520M [1]
Hassan Basajjabalaba | |
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| Born | 4 June 1967 Ishaka, Bushenyi, Uganda |
| Occupations |
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| Years active | 1986–present |
| Children | 14 |
| Relatives |
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Early life
editHassan was born into a wealthy Banyankole Muslim family on 4 June 1967. His father, the late Idd Basajjabalaba, was the son of a businessman involved in the export of hides and skins, farming, cattle keeping, and education.[1] According to the New Vision newspaper His father was also one of the largest landowners in Bushenyi District, located in the western part of the country.[2] Hassan attended secondary school in Bushenyi but dropped out just before his final year to focus on expanding and growing the family business after his father's passing in the early 1980s. This was also around the same time the country was heavily impacted by the coup d'état that overthrew President Obote and brought the current president, Yoweri Kaguta Museveni, and the National Resistance Movement (NRM) to power.[3]
Business career
editHABA Group of Companies began as a trading firm in 1986, established shortly after the death of Hassan's father. Hassan focused on the realms of education and the hides and skins industry.[3]
Today, Kampala International University is one of the largest Private Universities in Africa, with international operations in Kenya, Tanzania and Rwanda with Study centres across Uganda. HABA Group of Companies has moved from being a trading company to being the largest group in Uganda, encompassing divisions like; Sugar Refinery, Tea Plantations and Factories in Butare and Buhweju, and Pharmaceutical Factory, Hospitals, Real-estate.[4]
In 2009, Hassan approached Kampala City Council Authority - KCCA to lease Nakasero and Owino markets in Kampala, which was approved. The Management of the markets immediately commenced the process of rebuilding and major improvements around the markets which promoted rental increments that were passed on to the vendors. The later resulted in major strikes across the city and the president was left with no choice but to issue directive that led to the cancellation of the contract prompting the government to compensate Basajjabalaba billions of Shillings.[5]
References
edit- ^ a b "Home page". KIU (in Arabic). Retrieved 14 February 2021.
- ^ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets". New Vision. Kampala. Retrieved 13 March 2016.
- ^ a b Eriasa Mukiibi Sserunjogi (10 September 2011). "Basajjabalaba: The merchant of trouble". The Independent. Kampala. Archived from the original on 6 January 2012. Retrieved 13 March 2016.
- ^ KIU (13 March 2016). "Kampala International University: School of Health Sciences". Kansanga: Kampala International University (KIU). Retrieved 13 March 2016.
- ^ "Presidential directive throws city markets into another phase of chaos". independent.co.ug. The Independent (KIU). 23 November 2022. Archived from the original on 14 April 2024. Retrieved 30 May 2024.