Tag: Charles Mbire

  • Charles Mbire shares cheat-code to wealth at SBG Securities Inaugural Investor Day

    Charles Mbire shares cheat-code to wealth at SBG Securities Inaugural Investor Day

    Kampala: Business leader Charles Mbire has set a powerful tone for Uganda’s investment community, telling participants at the inaugural SBG Securities Investor Day that integrity—not physical assets—is now the most valuable currency in modern business.

    Delivering the keynote address at the landmark event hosted by SBG Securities, a subsidiary of Stanbic Uganda Holdings, Mbire said Uganda’s entrepreneurs must recognise that trust, ethics and governance increasingly determine who gets capital, who earns partnerships and who sustains longterm success.

    Charles Mbire delivering his keynote address during the Investor Day in Kampala

    “Invest in your character and integrity before you invest in business,” Mbire told the audience of investors, policymakers and business leaders. “Financial institutions such as Stanbic Bank will always support individuals with a good reputation, a sound business plan and strong governance.”

    A New Era of Investing

    The Investor Day SBG Securities’ first, was created to help Ugandans transition from a culture of saving to a culture of informed investing. The event brought together industry leaders to demystify financial markets and highlight opportunities in regulated investment products. Mbire noted that rapid technological change has transformed the business landscape, making data, trust and credibility more valuable than traditional collateral.He cautioned against high risk, quick profit schemes that have cost many Ugandans their savings and, in some cases, their freedom.

    “Many people have lost fortunes chasing unrealistic returns,” he said. “Young investors should prioritise well governed, regulated portfolios that offer stable, long term growth.”SBG Securities CEO Grace Semakula said the Investor Day aligns with Stanbic Uganda’s purpose—Uganda is our home; we drive her growth—by equipping Ugandans with the knowledge and tools needed to participate confidently in capital markets. He highlighted the firm’s strong performance, including a 391% growth in its Umbrella Fund and the broader industry’s expansion to UGX 5.6 trillion in assets under management.

    “Uganda is gradually shifting from saving alone to embracing investment as a pathway to financial independence,” Semakula said. “Investor Day gives people access to experts, insights and opportunities that can shape their financial future.”

    Experts Call for Discipline, Early Planning

    Economists and regulators echoed Mbire’s message, urging Ugandans to adopt disciplined financial habits with Pumla Nabachwa, Lead Economist at the Bank of Uganda, encouraging young people to leverage their greatest asset—time—by saving consistently and avoiding impulsive spending.

    Daisy Lynda Nabakooza, Director of Supervision and Market Conduct at URBRA, reminded Ugandans that retirement planning should begin as soon as one starts earning. “It is never too early—and never too late—to start planning for retirement,” she said. Sam Mwogeza, Stanbic Bank Uganda Executive Director and head of personal and private banking said the bank is investing heavily in digital innovation to make investing more accessible. “Clients can now access investment services conveniently without visiting multiple branches,” he said.

    “Our goal is to remove barriers and make investing simple for every Ugandan.” The inaugural SBG Securities Investor Day marks a significant step in strengthening Uganda’s investment ecosystem as more Ugandans pick interest in diversifying growth opportunities with stable and secure returns.

  • MTN Uganda shareholders retain tycoon Charles Mbire as the Board Chairman

    MTN Uganda shareholders retain tycoon Charles Mbire as the Board Chairman

    Shareholders of MTN Uganda have overwhelmingly endorsed Charles Mbire for another term as Board Chairman, reaffirming confidence in his leadership during the company’s Annual General Meeting (AGM) on Friday Morning.  

    Also David Ogong, the NSSF board chairman has been appointed a new director on MTN board.

    According to the AGM resolution, Mbire was reappointed for a fresh three-year term after securing an emphatic 99 percent vote, highlighting strong shareholder approval of his stewardship.

    The vote reflects recognition of Mbire’s role in steering MTN Uganda’s growth, with investors crediting his strategic guidance and decisions for the telecom’s continued success in a competitive market.

    Leadership credited for market dominance 

    Under Mbire’s chairmanship, MTN Uganda has maintained its leading position in both voice and data services, reinforcing its status as the country’s top telecom operator.

    His tenure has been marked by sustained expansion, strong market performance, and continued investor confidence, positioning the company as a key driver on the Uganda Securities Exchange (USE).

    Strong share price growth on the USE 

    MTN Uganda’s performance on the stock market has mirrored this confidence. The company’s share price has climbed steadily from Shs312 in November 2025 to Shs428 in February 2026, before rising further to Shs470 in March.

    Charles Mbire

    Overall, the stock has gained Shs158 per share over the period, underlining one of the strongest rallies on the USE in recent months.

    NSSF stake rises above Shs1.236 trillion 

    The National Social Security Fund (NSSF), MTN Uganda’s largest local institutional investor with a 10.7 percent stake equivalent to 2,629,607,810 shares, has seen the value of its investment surge.

    At the current price of Shs470 per share, the Fund’s total holding is now valued at:

    Shs1,235,915,713,700
    (approximately $347.12 million)

    From November to March, the share price increase has generated gains of:

    Shs415,478,034,980
    (approximately $116.96 million)

    Mbire’s stake climbs to nearly $118 million

    Beyond his leadership role, Mbire has also personally benefited from the telecom’s strong market performance.

    He holds a 4 percent stake in MTN Uganda, equivalent to 895,561,810 shares, which at the current share price of Shs470 is valued at:

    Shs420,392,050,700
    (approximately $117.97 million)

    The steady rise in MTN Uganda’s stock price has increased the value of his holding by:

    Shs141,498,765,980
    (approximately $39.74 million) since November underscored the scale of wealth created during the rally.

  • East Africa’s Richest Stock Market Investors

    East Africa’s Richest Stock Market Investors

    Here is the list of East Africa’s most influential stock market investors, according to Billionaires Africa.  

    LIST

    Philip Ndegwa Family (Kenya) — $180.8 m (NCBA Group)

    Mama Ngina Kenyatta & Family (Kenya) — $159.8 m (NCBA Group)

    Charles Mbire (Uganda) — $91.1 m (MTN Uganda and Bank of Baroda)

    Zarin Merali & Family (Kenya) — $89.97 m (NCBA Group, Sameer Africa)

    Patrick Schegg (Tanzania) — $78.3 m (NMB Bank, CRDB Bank)

    James Mwangi (Kenya) — $67.62 m (Equity Group)

    Baloobhai Patel (Kenya) — $66.87 m (Carbacid, financial holdings)

    Suresh Bhagwanji R. Shah (Kenya) — $61.03 m (I&M Group)

    Andrew S.M. Ndegwa (Kenya) — $57.01 m (NCBA Group)

    James P.M. Ndegwa (Kenya) — $56.25 m (NCBA Group)

    Aunali Rajabali (Tanzania) — $55.9 m (NMB Bank)

    Sajjad Rajabali (Tanzania) — $55.9 m (NMB Bank)

    Sudhir Ruparelia (Uganda) — $11.4 m (Stanbic Uganda Holdings, Bank of Baroda)

    Frederick Kitaka (Uganda) — $3.4 m (Banking and other holdings)

    Hans Aingaya Macha (Tanzania) — $26.9 m (CRDB Bank)

    Michael N. Shirima estate (Tanzania) — $10.4 m (Precision Air, TOL Gases)

    Emmanuel Katongole (Uganda) — $ 3.4m (pharmaceuticals)

    Joseph Byamugisha (Uganda) — $1.3 m

    Andrew Muhimbise (Uganda) — $1.2 m

    Ceasor Mulenga (Uganda) — $3.8 m

    Sanjay Rughani (Uganda) — $4.2 m

    Ernest S. Massawe (Tanzania) — $7.4 m (TOL Gases)

    Murtaza Nasser (Tanzania) — $3.9 m (Tanzania Portland Cement)

    Said Bakhresa (Tanzania) — $3.3 m (Tanzania Portland Cement)

    Sayed Kadri (Tanzania) — $2.5 m (Tanzania Portland Cement)

    Arnold B.S. Kilewo (Tanzania) — $1.3 m (TOL Gases)

    Gideon Maina Muriuki (Kenya) — $35.2 m (Co-operative Bank, CIC)

    John Kibunga Kimani (Kenya) — $27.5 m (Kakuzi, Centum, Nation Media)

    (Optional/Minor investors not listed in the original sources, can be left blank).

    Charles Mbire
  • Business mogul Charles Mbire honoured with Prestigious Award for Outstanding Service and Lifelong Impact

    Business mogul Charles Mbire honoured with Prestigious Award for Outstanding Service and Lifelong Impact

    The 2025 SMACKOBA Dinner & Awards Night at Hotel Africana brought together hundreds of Old Boys of St. Mary’s College Kisubi for an evening of celebration, leadership recognition, and renewed commitment to community service.

    The prestigious event, graced by the Katikkiro of Buganda, Owek. Charles Peter Mayiga, highlighted the extraordinary achievements of individuals who have upheld the values of their alma mater while driving impact across the country.

    Among the standout honourees was leading businessman Dr. Charles Mbire, Chairman and local shareholder of MTN Uganda, who received the Alumni Medallion Award.

    His plaque read: “In recognition of your exceptional dedication, distinguished service and unwavering commitment to the ideals and values of St. Mary’s College Kisubi. Your contributions stand as an inspiration to all members of our community. Given this 5th day of December, 2025,” signed by Ray Nyamatebe Baguma (President, SMACKOBA) and Alex Munobe (Secretary General, SMACKOBA).

    Mbire’s recognition placed him among several top city businessmen whose professional accomplishments and public service continue to elevate the SMACK legacy.

    The same award was presented to Titular head of the Muslim community in Uganda, Prince Kassim Nakibinge Kakungulu.

    Beyond celebrating individual excellence, the evening also showcased SMACKOBA’s far-reaching charitable work.

    Over the years, the association has funded children’s school fees, supported patients struggling with hospital bills, contributed to community development efforts, and consistently mobilised resources to uplift vulnerable groups.

    These acts of service remain a defining hallmark of the Old Boys’ fraternity.

    With distinguished alumni such as Fabian Kasi, Joseph Balikuddembe, and other industry leaders in attendance, the 2025 Dinner & Awards Night reaffirmed SMACKOBA’s ethos of discipline, service, leadership, and giving back.

    The event closed on a note of unity and pride, with members pledging to continue transforming communities while upholding the spirit of Kisubi.

  • Behind the scenes at Nadia Kabahita Matovu’s Shs 25m ‘Gender Reveal Party’

    Behind the scenes at Nadia Kabahita Matovu’s Shs 25m ‘Gender Reveal Party’

    Gender reveal parties are an event for parents to celebrate finding out their baby’s gender, and have become increasingly popular over the last decade. Usually only one of the parents knows the gender and will surprise the other, or none of the parents will know and a family member or close friend shall organize the reveal.

    In this case Nadia Kabahita Matovu’s husband Yassah Matovu Youma knew the gender of their unborn baby and Nadia had to anxiously wait to find out what it is.

    The glamorous party attended by who is who from the rich families of Kampala was hosted at the Pearl of Africa Restaurant, Kampala Serena Hotel.

    Sources say the party cost the couple a whopping Shs25m and was as colorful as ever. The décor was a top notch and on point.

    Nadia’s husband Matovu wore blue for “team boy” and Nadia wore pink for “team girl”, though both of them said they didn’t have a gender preference. “We just want a healthy baby,” Nadia said.

    Their families and friends came dressed in white and the decor theme of the party was an Enchanted Garden.

    The reveal was done using cold fireworks and confetti, and to Nadia’s surprise, the two are having a baby girl! “I am so excited to be having a mini-me and my husband is happy to be having a little princess, “Nadia said.

    Nadia is the daughter to tycoon Charles Mbire while Matovu Youma is the son to tycoon Youma.

    Decor: Decor Concepts & Design

    Photography: Owaraga Photos

    Dress: Sham Tyra

    For more log onto Nadia’s personal blog http://glamomrous.com/

    Matovu, Nadia and Charles Mbire on their wedding day
  • Meet Nadia Mbire, the queen of Crème de la Crème of young Kampala ladies

    Meet Nadia Mbire, the queen of Crème de la Crème of young Kampala ladies

    She describes herself as a lady who keeps a low profile despite her father being a billionaire but Nadia Kabahita Matovu is up their in the game.

    Nadia got married to Yassah Matovu, son to tycoon Yusuf Matovu of Youma Builders. Nadia’s dream is to become a Forbes material before clocking 30 as a top young entrepreneur.

    “Had the pleasure of being part of a team that facilitated a capacity building workshop for civil society organisations that are part of the Mwanzo Bora Nutrition Program. Fun fact: strategic planning is not only applied to private sector businesses, but to the public sector as well! Strategy is key for any organisation to reach its overall goal,” Nadia Kabahita Matovu

    Her Life

    Her social media bio screams brains, “Business Analyst at Deloitte, MSc International Business Management & Marketing, BA Politics”. Her photos define beauty, class, love and wealth.

    Nadia Matovu, Yassah Matovu’s wife, Charles Mbiire’s daughter and the internet’s blackimk is truly the reigning queen of Kampala’s young Crème de la Crème.

    Nadia has come a long way from the young teenager who we knew as the girl whose dad Charles Mbire paid then hot act Brick and Lace to perform for her, sister Thandiwe and a group of equally moneyed friends.

    Nadia and Thandiwe are still our version of Hilton heiresses Paris and Nicky. Before she turned into Yassah’s wifey, Nadia was an international jet setter and fraternized with rich and famous celebrities such as Chris Brown and Tyga. Her Instagram account that you can only look at on pay-day is testimony that Nadia lives a life of the rich and famous.

    “I am sitting here at my desk imagining myself being Nadia’s friend then I remembered every morning starts with me bargaining with my boda guy and I woke up from my daydream. When Nadia missed home and came back to settle, she successfully displaced our socialites hanging out with other rich and famous fellows like Lucy Bunyenyezi.

    Do I have to mention that the handsome Yassah Matovu is the son to ceramic tiles mogul Yusuf Matovu of Youma Builders? Looking at the lovely couple, one can only imagine how adorable the future little Matovu’s will be. Recently Yassah went all in and rented a whole restaurant to celebrate Valentine’s Day with his woman. This comes months after Nadia threw Yassah an out of the world birthday party,” Laureen Kanyana said.

    Nadia is not a fan of showbiz but we have no choice but to bring her to you.