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Charles Mbire
Charles Mbire
Born	1959 (age 64–65); Mparo, Rukiga District; Uganda
Nationality	Ugandan
Citizenship	Uganda
Alma mater	Essex University; (Bachelor of Science in Economics); Leicester University; (Master of Business Administration)
Occupation(s)	Chairman; MTN Uganda; Eskom Uganda; Uganda Securities Exchange; Director; Rift Valley Railways
Years active	1980s — present
Title	Chairman; MTN Uganda

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$200 million as of January 2012.^[3]

Background

Mbire was born Charles Magezi in 1959 to Ponsiano Mbire and Thereza Mbire in Mparo, Rukiga District, southwestern Uganda. He is the third-born in the family with three sisters, two of them older than him, and two younger brothers.^[4] 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.^[5] 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. His investments are in energy, finance, real estate, telecommunications, pharmaceuticals, agribusiness, and transportation.^[6]

Business interests

Mbire is part owner and/or member of the board of directors of the following Ugandan businesses:^[6]^[7]

Afro Alpine Pharma Limited
East Africa Fish Farming Limited
Eskom Uganda Limited
Invesco (Uganda) Limited
MTN Uganda Limited^[8]^[9]
Polino Holdings Limited
Sunco Investments Limited
Bomi Holdings Limited
Rift Valley Railways^[10]
Chui Investments Limited - An investment company specializing in the construction, operations and ownership of small and medium-sized power stations in Uganda^[11]
Bank of Baroda (Uganda).^[6]

Other responsibilities

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.^[12]

Net worth

In December 2008, it was estimated that Mbire's net worth exceeded US$65 million.^[13] In January 2012, his net worth was estimated to have increased to greater than US$200 million.^[3] In January 2019, he was estimated to be worth US$400 million^[14]

Photos

Photo of Charles Mbire In 2012

References

^ "Mbire Now Courts Ecobank". New Vision (Kampala). 8 February 2008. Archived from the original on 2014-10-21. Retrieved 14 October 2014.
^ "Mbire Appointed To Rift Valley Railways Board". Uganda Radio Network. 2 September 2008. Retrieved 4 May 2015.
^ ^a ^b Kanaabi, Michael; Kiryowa, Ssebidde (January 2012). "Uganda: The Deepest Pockets". New Vision Mobile (Kampala). Archived from the original on 21 October 2014. Retrieved 14 October 2014.
^ "Mama Mbire: 71 And Still Thinking Big". New Vision. Kampala, Uganda. 2 February 2006. Archived from the original on 2015-05-05. Retrieved 4 May 2015.
^ "Dr. Charles Magezi Mbire". Public Opinions Publications (Uganda). 2014. Retrieved 4 May 2015.
^ ^a ^b ^c New Vision (14 July 2022). "Mbire acquires stake at Bank of Baroda". New Vision. Kampala, Uganda. Retrieved 15 July 2022.
^ Kim Aine (23 August 2022). "Charles Mbire Acquires Yet More Stake in MTN". ChimpReports. Kampala, Uganda. Retrieved 4 June 2024.
^ Feyisayo Ajayi (25 August 2022). "Uganda's richest investor Charles Mbire acquires additional 2.26 million shares in MTN Uganda". Billionaires.Africa. Retrieved 1 September 2022.
^ "Board Chairman Charles Mbire to Receive Shs5 Billion from MTN Uganda's Dividend Payout". Lifestyleuganda.com. Kampala, Uganda. 23 November 2023. Retrieved 24 November 2023.
^ Ainebyoona, Emmanuel (22 September 2014). "New RVR Trains To Boost Cargo Volumes, Says Company Official". Daily Monitor (Kampala). Retrieved 14 October 2014.
^ Mugabe, David (7 December 2010). "National Grid To Get 200MW Boost". New Vision (Kampala). Archived from the original on 2014-10-21. Retrieved 14 October 2014.
^ Mugabe, David (4 November 2010). "Bourse Get New Chair". New Vision (Kampala). Archived from the original on 21 October 2014. Retrieved 14 October 2014.
^ "Mbire At It Again". New Vision (Kampala). 26 December 2014. Archived from the original on 2014-10-21. Retrieved 14 October 2014.
^ Forex News Now (January 2019). "Who are the richest millionaires in Uganda and what they do: Charles Mbire". ForexNewsNow.com. Tbilisi, Georgia. Retrieved 5 October 2021.