By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Mugoya Estate: Ugandan Billionaire Who Got Neighbourhood Named After Him
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Mugoya Estate: Ugandan Billionaire Who Got Neighbourhood Named After Him
Mugoya Estate: Ugandan Billionaire Who Got Neighbourhood Named After Him
News

Mugoya Estate: Ugandan Billionaire Who Got Neighbourhood Named After Him

Fesadeb
Last updated: 2021/10/07 at 8:15 PM
Fesadeb Published October 7, 2021
Share
SHARE

Mugoya Estate is a middle-class gated community that sits right at the heart of Nairobi’s South C.

Hosting several maisonettes, each on its compound, little is known of the Ugandan billionaire after whom the estate is named after – James Mugoya Isabirye. The multi-billionaire is an engineer who also doubles as a businessman.

Born in Eastern Uganda in 1950, little is known of his parents but he went through primary school, after which he joined Kings College Budo for his secondary education.

As the name suggests, Kings College is a school for the affluent in Uganda. There were only two keys that could unlock the doors to the prestigious school – money and brains.

asdan
A File Image of Ugandan Tycoon James Mugoya in Court
Business Daily

Mugoya later joined the University of Nairobi, where he pursued a degree in Engineering. As a young man in a foreign land, and during a time when Kenya and Uganda were not at the best of terms, he could not imagine that that would be the hallmark of his purple patch.

While a student at UoN, Mugoya made friends and one of them happened to be the son of the then Vice President and future President Daniel Arap Moi. He maintained the friendship and with it came a bag of goodies.

After his graduation, the Ugandan Tycoon started Mugoya Construction and Engineering Company Limited. Through his cordial relations with the first family, he managed to secure contracts that many engineers would only dream about.

Mugoya Construction is behind some of the most iconic buildings in Nairobi including Times Tower, the National Social Security Fund (NSSF) building and Hazina Estate. Outside the capital, he built Moi High School, Kabarak, Kabarak University and the Kisumu Provincial Headquarters.

In 1995, NSSF awarded Mugoya a contract to construct 265 houses in Karen, together with an administration block , a club house and a kindergarten. However, the project did not kick-off due to pending approvals  from Nairobi City Council

The Ugandan Tycoon would, in 2012, receive Ksh342 million in an out-of-court settlement for the very project. He initially claimed Ksh633 million.

In 2001, he hit the government with a Ksh1.9 billion claim in respect to a contract awarded to him in 1990 to construct a building meant to serve as an annex to Treasury building.

In 2018, Mugoya, together with a member of the UAE Royal Family claimed prime plots valued at Ksh20 billion in which the Hilton Upper Hill Tower is being built. They claim that the developer who owns the parcel of land allegedly encroached on and taken over at least two other adjacent plots.

His company was however liquidated in 2015 owing to accrued debt including Ksh324 million compensation paid to NSSF

The Ugandan billionaire has had run-ins with the law both in Kenya and Uganda. He was charged with selling off construction machinery worth Ksh3.5 billion that had been charged to a Kenyan bank.

His case was, however, terminated on August 21, 2021

In Uganda, a court determined that he had questions to answer for allegedly operating an illegal joint real estate venture valued at Ksh149 million (Ush8 billion).

However, he remains celebrated in his country. In 1994,  he rebuilt Bugabawe Primary School after a pupil lost his life when a roof collapsed during heavy rainfall. He demolished the dilapidated buildings in the school and built them afresh.

wef
A File Image of Houses in Mugoya Estate
Twitter
source: kenyans

You Might Also Like

Millions of Nigerians Live on Untitled Land, Minister Dangiwa Warns

David Mark Warns Benue Residents May Take Up Arms if Security Fails

FCCPC Summons Air Peace Over Unpaid Refunds in Flight Cancellations

Over 6,500 Displaced in Benue Attacks, NEMA Confirms

Oil Prices Decline as Middle East Conflict Shows Signs of Containment; Gold Nears Record High

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: Uganda
Fesadeb October 7, 2021 October 7, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?