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| Description: Net Worth: $1.5 BILLION Industry: Manufacturing Country of Citizenship: Uganda Age: 81 Number of Jobs Created: 6,580 Karmali is the founder of Mukwano Group, a Ugandan industrial conglomerate that manufactures the country’s most popular brands of tea, cooking oils, toilet soaps, detergents, cosmetics and plastics. Karmali was a victim of Ugandan Dictator, Idi Amin’s expulsion policies in the 1970s, and his early business interests suffered. Karmali rebuilt the business and in the early 1980s, established Mukwano Industries Ltd, which has today metamorphosed into Mukwano Group. Mukwano’s revenues exceed $1.2 billion per annum. His eldest son, Alykhan Karmali, is now managing director of the group. |
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