Alykhan Karmali

Alykhan Karmali is a businessman, entrepreneur, industrialist, and philanthropist in Uganda. He is the managing director of Mukwano Industries Uganda Limited, a member company of the Mukwano Group.[1] He also served as a non-executive director of Exim Bank (Uganda), a commercial bank in which the Mukwano Group maintains 36.5 percent shareholding.[2][3]

Alykhan Karmali
Born1968 (age 51–52)
Uganda
NationalityUgandan
CitizenshipUgandan
Years active1988–present
Home townKampala
Net worth$700 million (2018)
PredecessorAmirali Karmali

Background

Ali Mohamed Karmali, Alykhan's paternal grandfather, was an entrepreneur of Indian descent who migrated to Uganda circa 1904. He worked as a shop assistant in Jinja before shifting to Mbarara in Uganda's Western Region. Later, he settled in Bukandula in present-day Gomba District in the Buganda Region of Uganda, where "in partnership with other Asian families, he did a roaring trade in cotton and coffee". He had so many friends that he was locally nicknamed "Mukwano gwa Bangi" (Friend of Many). The family shortened it to "Mukwano" and named the family business after him. Amirali Karmali, Alikhan's father died on 10 July 2019 at Kololo, an upscale neighborhood in Kampala. He was buried in a cemetery in the same neighborhood, on Saturday 13 July 2019.[4] In 1995, Amirali handed over the family business to his son, Alykhan.[1][5]

See also
  • List of wealthiest people in Uganda

References
  1. Administrator (16 April 2004). "Uganda's Rich: Alykhan Karmali & Others". Kampala: Ismaili.net Quoting Daily Monitor. Retrieved 9 March 2016.
  2. EBU (7 March 2016). "Exim Bank (Uganda) Limited: Shareholding, Board of Directors & Senior Management" (PDF). Kampala: Exim Bank Uganda (EBU). Archived from the original (PDF) on 15 June 2016. Retrieved 9 March 2016.
  3. Sanya, Samuel (7 March 2016). "Tanzania's Exim bank takes over Imperial Bank". New Vision. Kampala. Retrieved 9 March 2016.
  4. Mpagi, Charles (11 July 2019). "Ugandan Business Magnate Mukwano Dies Aged 89". The EastAfrican. Nairobi. Retrieved 14 July 2019.
  5. Eriasa Mukiibi Sserunjogi, Henry Lubega, and Gillian Nantume (26 July 2015). "The 100 Most Influential Ugandans". Daily Monitor. Kampala. Retrieved 14 July 2019.
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