Madhvani Group
Company typeConglomerate
IndustryManufacturing, tourism.
Founded1914; 110 years ago (1914)
HeadquartersKakira, Uganda
Key people
Muljibhai Madhvani, Jayant Madhvani, Manubhai Madhvani, Pratap Madhvani, Surendra Madhvani, Mayur Madhvani.
ProductsSugar,Biomass energy, Ethanol, Matches, Packaging, Insurance, Construction, Steel, Tea, Communication, Horticulture, Software, Properties, Hotels and Resorts.
Number of employees
10,000+
Websitemadhvanifoundation.com

The Madhvani Group of Companies commonly referred to as the Madhvani Group, is one of the largest conglomerates in Uganda. The group has investments in Kenya, Uganda, Rwanda, South Sudan, Tanzania, the Middle East, India, and North America.

History

Main article: Muljibhai Madhvani

In 1912, Muljibhai Madhvani, then aged 18, arrived in Jinja following his older brother Nanjibhai. Starting in 1914, he was able to join his brothers small trading concern and help create a business that would later account for 10 percent of Uganda's gross domestic product. Following the Asian expulsion of 1972 Muljbhai's five sons decided to split parts of the business equally. His workers and their dependents have enjoyed free education, housing, and healthcare under the Group. The Group's businesses are run primarily by Madhvani family members, but many of the newer investments are joint ventures with other businesses.[1]

During the 1970s, the Madhvani family was expelled from Uganda by Idi Amin and their businesses were nationalized and mismanaged to near-extinction. In 1985, the family returned to Uganda and with loans from the World Bank, the East African Development Bank, and the Uganda Development Bank, they resurrected and rehabilitated their businesses and started new ones.[2]

Muljibhai Madhvani Foundation

The Muljibhai Madhvani Foundation is a charitable trust that was established in 1962, just before Uganda gained its independence, to honor the vision of Muljibhai Madhvani (14 May 1894 – 11 July 1958). The foundation awards scholarships to deserving undergraduate and postgraduate university students to study in Ugandan universities. One of the foundation's primary objectives is to maintain and promote scientific and technical education among the people of Uganda.[3]

Subsidiary companies

The Madhvani Group includes but is not limited to the following companies:[4]

References

  1. ^ Namaganda, Sumin (11 May 2010). "Building On The Legacy of A Family Business". Daily Monitor. Retrieved 13 July 2014.
  2. ^ MVF. "The Madhvani Group of Companies". MadhvaniFoundation.com (MVF). Archived from the original on 26 June 2014. Retrieved 14 July 2014.
  3. ^ MVF. "The Muljibhai Madhvani Foundation". MadhvaniFoundation.com. Retrieved 14 July 2014.
  4. ^ Nsehe, Mfonobong (8 January 2014). "The 10 Leading Family Businesses In Africa". Forbes Africa. Retrieved 14 July 2014.
  5. ^ Muhumuza, Mark Keith (8 February 2016). "Liberty acquires majority stake in Madhvani's firm". Daily Monitor. Kampala. Retrieved 8 February 2016.
  6. ^ Google (17 December 2017). "Location of Kakira Airport, Kakira Town, Jinja District, Uganda" (Map). Google Maps. Google. Retrieved 17 December 2017.
  7. ^ Kabona, Esiara (20 September 2017). "Marasa Africa yet to give Umubano's new design". The EastAfrican. Nairobi. Retrieved 23 March 2018.
  8. ^ Marasa Africa (23 March 2018). "About Mara Africa". Kampala: Marasa.net. Retrieved 23 March 2018.

External links

Official Website

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