Alykhan Karmali Explained

Alykhan Karmali
Birth Place:Uganda
Occupation:Businessman, entrepreneur, industrialist and philanthropist
Years Active:1988–present
Known For:Business acumen
Group Managing Director and Group CEO of Mukwano Group of Companies
Predecessor:Amirali Karmali

Alykhan Karmali is an 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 stake.[2] [3]

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

External links

Notes and References

  1. Web site: Uganda's Rich: Alykhan Karmali & Others . 16 April 2004 . 9 March 2016 . . Kampala . Administrator.
  2. Web site: Exim Bank (Uganda) Limited: Shareholding, Board of Directors & Senior Management . 7 March 2016 . 9 March 2016 . Exim Bank Uganda (EBU) . EBU . Kampala . dead . https://web.archive.org/web/20160615070317/http://www.eximbank-ug.com/EXIM%20BANK%20UGANDA.pdf . 15 June 2016 .
  3. Web site: Sanya . Kampala . Tanzania's Exim bank takes over Imperial Bank . Samuel . 7 March 2016 . . 9 March 2016.
  4. Web site: 11 July 2019 . Ugandan Business Magnate Mukwano Dies Aged 89 . . 14 July 2019 . Charles . Mpagi . Nairobi.
  5. Web site: . The 100 Most Influential Ugandans . 26 July 2015 . 14 July 2019 . and Gillian Nantume . Eriasa Mukiibi Sserunjogi, Henry Lubega . Kampala.