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Red Pepper Uganda
Red Pepper

The Pepper  Publications Ltd.
Plot 2388 Jinja Road Namanve
P.O.Box 7335
Tel 0414-597463,
Fax 0414-290190 

Highlights and Lead Stories from the Red Pepper Uganda's first Tabloid.

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Friday, September 24 2010

You have to give up for the money bags Charles Mbiire, Chairman of MTN Uganda and Aggreko power generation. A few weeks ago he was driving in his posh Mercedes Benz silver in colour while speaking on phone when he accidentally scratched a Toyota premio's bumper, a damage that he could have sorted out with Shs 20,000.

So the driver of the Japanese Toyota Premio parked and came out spitting fire, the unbothered Mbire kept on his phone call but opened his window and went for his car glove box, and pulled out Shs 5m bundle which he handed to the ka-guy, pressed his power windows up again still on his phone call.

The embarrassed guy almost fell down, considering that the 5M was almost the cost of his whole car. He ran to his car and sped off. Mbire looked unbothered still and drove off still on his call. Eye-witnesses said the incident happened neat the round about at Nakumatt Mall.

Posted by: uowd AT 07:19 am   |  Permalink   |  Email
Friday, April 02 2010

Kampala like any other city has its own movers and shakers. The parameters for arriving at the who is who in the city is based on what these people do (work, businesses), how heavy their wallets are, where they hang out, where they stay, the wheels they drive and to a smaller extent their education background.

Charles Mbiire - He is arguably the richest Mukiiga to have ever lived in Uganda. Charles Mbiire is a businessman, entrepreneur and industrialist. He is reported to be the wealthiest indigenous Ugandan, with an estimated net worth in excess of USD65m as of December 2009.

             Charles Mbiire
He studied Business and Economics and graduated with a Hons degree from Essex University in England. He went on and obtained a Masters in Business Administration (MBA) from Leicester University, also in the United Kingdom. His Investments range from telecommunications, finance, energy, real estate and pharmaceutical. Charles Mbiire is the owner, Chairman or Member of the Board of Directors of the following Ugandan businesses:

Afro Alpine Pharma Limited, Aggreko Uganda Limited, East Africa Fish Farming Limited, Eco Bank Uganda Ltd, Eskom Uganda Ltd, Invesco Uganda Ltd, MTN Communications U Ltd, Polino Holdings Ltd, Sunco Investments Limited, Rift Valley Railways, (15%). He owns 5% shares in MTN Uganda and he is also chairman for the above mentioned Telecommunication company.

He owns a multi billion mansion in Kololo estimated to be worth USD6m fitted with state of art equipment which were all imported (even the sand). To prove his worth the man from Kabale bought a Mercedes Benz 2010 before it was even put up in any showroom which reportedly cost him over shs 500m

Posted by: uowd AT 09:15 am   |  Permalink   |  Email
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