Joseph Magandaazi Yiga

Last updated

Joseph Magandaazi Yiga
Born
Magandaazi

1957 (age 66–67)
Uganda
NationalityUgandan
Occupation(s)Entrepreneur and business executive
Years active1997 – present
TitleManaging director & CEO
Jomayi Property Consultants

Joseph Magandaazi Yiga (born 1957) is a Ugandan businessman and entrepreneur. He is the managing director and chief executive officer of Jomayi Property Consultants Limited, a leading real estate and development company based in Kampala, Uganda's capital and largest city. Yiga is reported to be one of the wealthiest individuals in Uganda, with net assets of approximately US$10 million as of January 2012. [1]

Contents

Background

He was born in the Central Region of Uganda, sometime in the mid to late 1950s.

Career

After several odd jobs, including as a telephone booth operator, Yiga founded Jomayi in 1997, naming the company from the first two letters of each of his three names. [2] Jomayi Property Consultants Limited maintains its headquarters in a building that the company wholly owns, at 20 Old Kampala Road, on Kampala Hill, in Uganda's capital, Kampala.

As of December 2013, Jomayi has developed nearly 100 residential housing estates, where it buys acreage in bulk, brings utilities (electricity, water and sewerage) to the location, subdivides the land into plots, and sells those to interested end-users. As the property development function has prospered, Jomayi has formed other businesses to complement its business; in the process, forming the Jomayi Group of Companies. Companies in the Group include the following: [3]

  1. Jomayi Construction Company – Founded in 2007 to construct houses for clients who were finding it hard to engage honest, reputable builders.
  2. Jomayi Stones & Concrete Limited – Founded in 2008, it owns a stone quarry on 300 acres (0.47 sq mi), in Mukono District.
  3. Jomayi Water Company Limited – A water supply company in Mukono District.
  4. Jomayi Hardware Centre Limited – Founded in 2011.
  5. Jomayi Paints Limited – Supplier of locally made and imported house paints. Founded in 2012.
  6. St. Josephat Secondary School – Located at Kabaga, Kitagobwa in Mpererwe.

See also

Related Research Articles

John Ssebaana Kizito was a Ugandan businessman, economist and politician. He was the president of the Democratic Party (DP) in Uganda from 2005 to 2010. Kizito was a member of the University Council of Ndejje University. He was reported to be one of the wealthiest people in Uganda, having sizable holdings in real estate and insurance.

<span class="mw-page-title-main">National Social Security Fund (Uganda)</span> Quasi-government agency

The National Social Security Fund (NSSF), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with total assets of USh18.58 trillion, as of June 2023.

Umeme Limited is the largest energy distributor in Uganda, distributing about 97 percent of all electricity used in the country. The shares of the stock of the company are listed on the Uganda Securities Exchange (USE) and are cross listed on the Nairobi Stock Exchange (NSE). As of December 2023, the company's total assets were approximately UGX:2.347 trillion, with shareholders' equity of approximately UGX:937.381 billion.

The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group, is a privately owned conglomerate in Uganda. Sudhir Ruparelia, a wealthy Ugandan businessman, is a shareholder in each of the companies in the Group.

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.

National Housing and Construction Company Limited (NHCC), is a Ugandan construction and real estate management company, partly owned by the Uganda Government. The Company’s mandate is to increase the housing stock in the country, rehabilitate the housing industry and encourage Ugandans to own homes in an organized environment.

The Aya Group of Companies, commonly referred to as the Aya Group, is a business conglomerate based in Uganda.

Muyenga is a hill in Kampala, the capital of Uganda and the largest city in that country. The name also applies to the upscale community that sits on that hill.

The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries.

Opportunity Bank Uganda Limited (OBUL), is a Tier II credit institution in Uganda. It was previously registered as a commercial bank by the Bank of Uganda, the central bank and national banking regulator. The institution received a commercial banking license on 25 September 2019.

Maria Kiwanuka is a Ugandan economist, businesswoman and politician who served as Minister of Finance in the Cabinet of Uganda from 27 May 2011 to 1 March 2015. Since 2015 she has been Senior Advisor to the President of Uganda on financial matters, responsible for the Bretton Woods Institutions.

Kigulu is a neighborhood in Kira Municipality, Kyaddondo County, Wakiso District, in Central Uganda.

Kitukutwe is a neighborhood in Kira Municipality, Kyaddondo County, Wakiso District, in Central Uganda.

This is an article about a Ugandan businessman.

Anatoli Kamugisha is a businessman, entrepreneur, and investor in Uganda, the third-largest economy in the East African Community. He is the managing director and chief executive officer of Akright Projects Limited, a Ugandan real estate development company. He also serves as the president of the Uganda Private Property Developers Association (UPDA). He has been reported to be one of the wealthiest individuals in the country, with an estimated net worth of approximately US$77million as of January 2017.

Akright Projects Limited (APL) is a privately owned real estate development company in Uganda. It is a leading property development company in the country. APL is the largest indigenous property development company in Uganda.

James Mulwana, was a Ugandan businessman. He was the Group chairman and chief executive officer of the Mulwana Groupof Companies, a diverse business conglomerate with interests in dairy farming, plastics, manufacturing, and real estate. From 1992 until his death in 2013, Mulwana served as a non-executive director on the board of directors of Standard Chartered Uganda, the second-largest commercial bank in the country, by assets. From 1998 until 2013, he was the chairman of that board. At the time of his death, he was listed as one of the wealthiest individuals in Uganda.

Sophia Namutebi, also known as Sofia Namutebi, Sylvia Namutebi, and Maama Fiina, is a Ugandan businesswoman, traditional healer, and community leader. She was listed in 2013 as one of the wealthiest people in Uganda.

Mulawa is a neighborhood in Kira Municipality, Kyaddondo County, Wakiso District, in Central Uganda.

References

  1. ↑ Kanaabi, Michael; Kiryowa, Ssebidde (6 January 2012). "The Deepest Pockets". New Vision (Kampala). Retrieved 29 November 2014.
  2. ↑ Kanaabi, Michael (26 May 2012). "I started As A Downtown Phone Booth Operator". New Vision (Kampala). Retrieved 29 November 2014.
  3. ↑ "Profile of Jomayi Property Consultants Limited & Related Businesses" (PDF). Jomayi Property Consultants Limited (JPCL). 2013. Retrieved 29 November 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.