How Haruna Sentongo Used Shs300k To Become Real Estate Multi-Billionaire

Posted by: lukwago J in Life Style July 31, 2020

Haruna Sentongo is among Uganda’s self-made youngest billionaires today who joined business at an early age from importing ladies bags, apparels and other accessories to owning commercial buildings to his names within Uganda’s capital Kampala.

He owns an Independent regional multi-billion real estate firm known as ‘Haruna Enterprises (U) Ltd’ which provides an integrated prime commercial offering, operating in key hubs across the region.

Haruna Sentongo owns several shopping malls including Haruna Towers Ntinda, Haruna Towers Wandegeya, Segawa and Nakayizza markets in Mengo Kisenyi Kampala respectively.

These commercial building are owned by this youthful billionaire, whose brother Hamisi Kiggundu is also a popular real estate billionaire owning ‘Ham Enterprises (U) Ltd.

Majority of Ugandans are wondering how these young men in their youthful age managed to become billionaires. Some believe they come from a rich family and others think they’re working for rich government officials.

Haruna whose dream was to get one million shillings said he was given only Shs300,000 by his father and managed to use it appropriately.

In his 20s, He recalls buying ladies bags at Shs12,000 and sells them at Shs15,000 making a profit of 3000 from each bag.

After utilizing the Shs300,000 very well, God answered his prayer by accumulating 1 million. He remembers the time he was selling ladies bags at Skylight Arcade and he slowly expanded. He decided to join his brother Hamisi Kiggundu who was importing blouses from China, Hong Kong and Thailand.

Haruna used to import apparels and clothing from the above countries and sell them to Kenya, Rwanda, South Sudan and DR Congo before he joined real estate business.

Haruna Sentongo was born on 30^th November 1987 in Masaka District. His father Haji Haruna Segawa is a well-known businessman, who always encouraged his children to be hardworking when it comes to doing business and indeed they have followed his footsteps.

He said he is a hardworking person with financial discipline and used a bank loan very well to reach where he is today.

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