Top 20 Richest Companies To Work in Uganda 2024

By | May 12, 2024

Let’s have a brief overview of the country of interest: Uganda. Also, it is bordered by Kenya, South Sudan, Rwanda, Congo, and Tanzania. Uganda has some surprisingly successful companies in East Africa. Some of these companies provide services to countries outside East Africa, even towards the Middle East and India.

Biggest company in Uganda

Some companies are making it big in Uganda despite the challenges that face businesses in the country. Perhaps you are seeking a job in Uganda or you want to change job and you are searching for a company that will be able to pay your worth, journey with us as we unveil to you the richest companies in Uganda that will be worth your time.


Although we have a few high-paying companies in Uganda, most of them are indeed the richest currently. However, without the qualifications required for recruitment, it may not be easy to secure a job in the companies. Certainly, this is because the majority of firms deploy individuals with practical knowledge. Most importantly, such companies or firms require individuals with human resources to boost sales and productivity.

Top 20 Richest Companies in Uganda 2022

That is based on their net worth, revenue, investment, and some other factors.

This list is not a ranking based on a single factor, and it follows no order.


1. MTN Uganda Limited

Coming first place on our list is MTN Uganda Limited.

Founded on the 21st of October 1998, MTN Uganda is the top richest telecommunications company in Uganda.

It is a subsidiary of MTN Group that provides telecommunication services to 22 countries in the Middle East and Africa.

MTN Uganda has about 11.2 million customers in Uganda alone, which accounts for 55% of the market share.

This was on the 30th of June 2017.

MTN Uganda had a revenue of about 200 million USD in 2017.

This converts to about 734.4 billion Ugandan shillings.

As a result, we could say that MTN Uganda Ltd is the richest company in Uganda.

2. Nile Breweries Limited

Next on this list is Nile Breweries Limited.

It was founded in 1951 by Rambhai Somibhair Patel.

Nile Breweries Limited is the top beer manufacturing company in Uganda.

In 2013, Nile Breweries Ltd had about 52% share of the Ugandan beer market, which later grew to 57%.

It currently has a production output of about 2.4 million hectoliters, according to recent news.

Nile Breweries does not just produce beer but has also added water to its line of products.

Also, this company seeks to reduce the country’s dependence on imported raw materials by making use of its local materials.

Locally cultivated sorghum is the active ingredient in their Eagle Lager beer.

3. Airtel Uganda Limited

Airtel Uganda Limited came on board on the 8th of June, 2010.

After being bought from Zain Uganda, who previously bought Celtel Uganda.

It is the next richest telecommunications company after MTN Uganda Ltd.

It has over 8.9 million customers in Uganda.

With a swooping revenue of 44.9 million USD as of 2016.

Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited.

4. Uganda Breweries Ltd

Forth on our top richest companies in Uganda is an old but gold company.

Uganda Breweries Ltd came into existence shortly after World War II in 1946.

It will celebrate its 74th year of existence this year.

98.2% of Uganda Breweries Limited’s shares are owned by East African Breweries Limited (EABL).

Which has its headquarters located in Kenya.

Uganda Breweries initially started out producing 650, 000 hectoliters of beer.

Since then, it has grown to more than 1.2 hectoliters.

5. Stanbic Bank

According to 2017 reports, Stanbic bank was the top richest commercial bank in Uganda.

Stanbic Africa owns Stanbic Bank, which is a subsidiary of Standard Bank Group.

Stanbic Bank has gone through a number of name changes.

It was first the National Bank of India in 1906.

It later became Grindlays Bank, after which it was bought and renamed Stanbic Bank by the Standard Bank.

Stanbic Bank has resources worth more than 5.4 trillion Ugandan Shillings.

That made more than 200 billion Ugandan Shillings in revenue as of 2017.

It purchased and later merged with Uganda Commercial Bank in 2002.

Stanbic Bank may have the most noteworthy number of open investors.

After the Ugandan government offered a large portion of its offers on the Uganda Stock Exchange (USE) in 2005.

They are pioneers in banking development and have the second top system of banking ATMs in the nation.

In June 2018, Stanbic Bank Uganda was given an AAA rating with a Stable outlook by Fitch Rating Agency.

The company makes more than UGX 200 billion in income every year.

6. Tororo Cement Ltd

The sixth position in the top richest companies in Uganda.

The list belongs to Tororo Cement Ltd is the top producer of concrete in Uganda and as of March 2018.

It will begin creating an excess of 3 million tons of concrete every year.

This company seeks to put more than UGX 86 billion in extension.

About 8,000 employees work in this company.

Therefore, the company is probably the top manufacturer of development materials in East Africa.

It was set up in 1952 by the British as Uganda Cement Industries.

Under the Uganda Development Corporation before being auctioned off and rebranded later.

Tororo Cement Limited’s expense esteem is at Shs 82,252,203,594.

7. Century Bottling Company Ltd

Century Bottling Company is claim by CocaCola SABCo (South African Bottling Company) since 1995.

It has a packaging office in Mbarara (1998) and Namanve, Mukono (2001).

Also, it has set various standards for how drinks are wrap in Uganda.

The company is the approved bottler and merchant of CocaCola items in Uganda like:

  • Coke
  • Coke Zero
  • Fanta
  • Sprite
  • Novita
  • Minute Maid
  • Dasani water
  • Tonic water
  • Schweppes
  • Rwenzori mineral water

8. Bujagali Energy Limited

Bujagali Energy Limited occupies 8th position in the top richest companies in Uganda.

Which is claimed by Bujagali Holding Power Company Limited.

That is comprised of Industrial Promotion Services Limited (IPS) in Kenya.

A part of the Aga Khan Fund for Economic Development (AKFED), Sithe Global (SG) Power LLC from the USA and the Ugandan Government.

Bujagali Energy Limited commenced operations in 2004.

It works and claims Bujagali Power Station, the top hydropower plant in the nation.

That has been credited with making in excess of 200,000 employments around the nation.

And also has been creating over 90% of all the power.

BEL has an expense estimation of Shs 74,975,273,650.

9. Kakira Sugar Limited

Kakira Sugar Works Limited frequently referred to as Kakira Sugar Works (KSW).

The main sugar producer in Uganda, the third top economy in the East African Community.

The company creates more than 165,000 tonnes of sugar every year, representing almost 47% of the sugar supply in Uganda.

The sugar is likewise sold to South Sudan, DRC, Rwanda, Tanzania, Burundi, and Kenya.

The assessment income for this company worth 70.6 billion Ugandan Shillings.

Kakira Sugar Works Limited had experienced a US$75 million (about UGX:191 billion) processing plant extension and redesigned by November 2013.

About 76.5 billion Ugandan shillings (approximately US$30 million) was raised through 10-year corporate security on the Uganda Securities Exchange.

And therefore the rest was sourced from nearby banks.

10. Umeme Limited

It is the richest vitality wholesaler in Uganda, representing practically 97% of the nation’s stockpile of power.

Umeme was framed in 2004 when the legislature of Uganda rented the Uganda Electricity Distribution Company Limited.

See also:

With a consortium having a place with Globeleq (56 %), Eskom of South Africa.

And a backup of the Commonwealth Development Corporation of the United Kingdom (44 %).

The exchange of benefits didn’t occur until the 1st of March 2005.

The company’s assessed resources are worth UGX 1.775 trillion and offer worth UGX 503.8 trillion.

The company’s tax is worth 66.3 billion Ugandan shillings.

11. Kinyara Sugar Limited

Kinyara Sugar Works Limited was established in 1969 in Masindi.

It began by Omukama of Bunyoro Tito Owiny, offering sugar to Northern Uganda.

In partnership with the legislature until realms were cancelled in 1966.

It was later revived by Booker Tate Ltd, which later offered its shares to Rai Group.

As of now, the company is claimed by Rai Group Mauritius (70%) and Uganda Government (30%).

Kinyara Sugar Works comes second in place as the top richest producer of sugar in Uganda.

As a result, creating 31% of all sugar evaluated at 110,000 metric tons every year.

The company additionally creates 33MWs of power with the capability of offering 22MWs to the country.

It has an expense payout of Shs 62,498,406,168.

12. Centenary Rural Development Bank Limited

Centenary Bank began as a credit trust by the Catholic Church in Uganda in 1983 to serve the rustic poor and build up the nation before turning into a business bank in 1993.

Centenary is perhaps the top bank in Uganda with resources worth UGX 1.974 billion, an income of UGX 101.6 billion, and 2,211 employees in 2015.

With 69 bank offices, 172 ATMs, portable banking, and 1.4 million clients everywhere throughout the nation – it is no stun with the option to pay Shs 61,003,838,681 in tax.

13. Sugar Corporation of Uganda Limited

SCOUL (Sugar Corporation of Uganda Limited) was begun in 1924 and is claimed by Mehta Group (49%) and the Ugandan Government (51%) with an excess of 7,000 employees.

Hence, the company takes third place as the top richest maker of sugar in Uganda.

With the creation of around 100,000 tons for each year, which is 17% of all the sugar deliver in Uganda.

Mehta Group is situated in Mumbai, India, with a ton of organizations in Africa, Asia, Europe, and North America utilizing in excess of 10,000 employees.

SCOUL has an expense estimation of Shs 57,277,705,804.

14. Standard Chartered Bank Uganda Limited

Standard Chartered Bank (StanChart) began operation in Uganda in the year 1912.

This makes it the most established bank in the nation, and it obtained Cooperative Bank in 1999, extending its activities.

It is sponsorship of Standard Chartered Bank Group in London, United Kingdom.

Standard Chartered Bank Uganda Limited has 13 branches, 32 Automated Teller Machines, and 600 employees everywhere throughout the nation.

They are pioneers in development since they presented the accompanying eminent things in Uganda.

With the principal ATM, VISA ATM system, and VISA Electron check cards.

It is one of the quietest banks in the nation.

Yet, its benefits are worth UGX 2.68 trillion, making it the second-top business bank in Uganda.

By resource esteem with UGX 28 billion in income and 600 employees starting in 2015.

StanChart’s crucial to bank individuals and organizations that drive exchange, venture, and riches creation in Africa, Asia, and the Middle East.

With such a customer base, it does not shock anyone that its expense esteem is at Shs 56,387,929,935.

15. Hima Cement Ltd

Hima Cement Limited (HCL) was framed in 1994 in Kasese after the privatization of Uganda Cement Industries.

It was obtained by Bamburi Cement Limited from Kenya and the parent proprietor of Bamburi, Lafarge, from France.

Hima Cement contributed more than $40 million to construct a concrete manufacturing plant along the Tororo – Soroti street by 2018.

That has also raise creation from the current 850,000 tons every year to 1.9 million tons.

The company supplies in excess of 30,000 tons of concrete for the extension of Entebbe International Airport.

A similar number for the development of the Tororo – Mbale – Soroti street and some more.

Also, it comes in to close the rundown at Shs 54,440,445,780 in government forms.

16. Kobil Uganda Limited

Kobil Uganda Limited is an auxiliary of KenolKobil Limited, a Kenyan-possessed industry.

KenolKobil Limited is the third-top Petroleum Company in East Africa.

A piece of the pie of 13.9% as per a December 2014 report from the Petroleum Institute of East Africa.

As a result of an income of around 888 million USD, starting in 2014.

KenolKobil Limited is a downstream oil company serving 7 nations in East Africa, Southern, and Central Africa.

Kobil Uganda Limited is the primary auxiliary of KenolKobil Limited and was set up in 1999.

Since its foundation, it has grown richer by getting more oil dealing with and showcasing the framework.

Hence, as of late, they took over 100% resource portion of Phoenix Petroleum Uganda Limited.

17. Integrated Security Solutions

Incorporated Security Solutions Ltd came into a foundation in 2004.

Security specialists from Israel established this company.

Throughout the years, it has gotten one of the top innovation companies in Uganda.

They have also practical experience in the structure, advancement, combination, and establishment of value security advances.

They see themselves as a quickly developing tech organization.

And they appear to have possibilities of ascending this stepping stool in the following years.

A portion of their administrations incorporates caution frameworks, vehicle following arrangements, CCTV frameworks, and so forth.

18. Diamond Trust Bank Uganda Ltd

Diamond Trust Bank Uganda Limited (DTBUL) started activity around 1945 as the Diamond Jubilee Investment Trust.

It initially began as a network-based budgetary foundation.

Diamond Trust Bank Uganda Ltd, began its full-activity as a business bank in 1997.

As a result in December 2018, the bank’s all-out resources were esteemed at about UGX:1.606 trillion (roughly US$438.574 million).

With UGX:222.5 billion (around US$60.8 million) in investors’ value.

Starting on the 31st of December 2015, DTBUL was the seventh-richest business bank in Uganda by resources.

Therefore, controlling around 4 percent of the advantages in the financial business.

19. Pearl Dairy Farms Limited

Pearl Dairy Farms Limited, regularly alluded to as Pearl Dairy, is a dairy handling company in Uganda.

It was established in 2012 and right now has around 247 employees starting in 2016.

Also, the company is an individual from the Midland Group of organizations, a combination dynamic in Africa and the Middle East.

The manufacturing plant is based on 15 sections of land (6.1 ha) and can process 500,000 litres of milk day by day.

The milk is bought from dairy ranchers in Mbarara District and neighbouring networks.

Hence, the company keeps up corporate workplaces in Kampala and Dubai.

Pearl Dairy Farms Limited keeps up a backup in Kenya, with its milk preparing plant.

20. Joadah Consult Limited

Joadah Consult is a restricted obligation company with a demonstrated set-up for Infrastructure and Management Consultancy ventures.

With all the specialized and money related capacities of undertaking any size of the task.

Also, Joadah Consult gives predominant counselling administrations in structure and ventures the board.

They carry a crisp and creative way to deal with counselling administrations, going about as a contact between the end-client and the customers.

They will likely surpass the desires for each customer by offering extraordinary client care, expanded adaptability.

And more prominent worth, in this way, streamlining costs and giving quality works.

Joadah Consult has so much potential of becoming the top 5 of the top richest companies in Uganda.

So there you have the top richest companies in Uganda.


We appreciate your patience in reading through our discussion on the Top 20 Richest Companies in Uganda. I hope you have learned something new and most importantly, you are now akin to the richest companies in the East African country.


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