Amina Moghe Hersi launched a series of multimillion-dollar projects in Kampala, Uganda, after relocating from Bungoma, Kenya, in 1996. Her business activities span commercial real estate, hardware distribution, and large-scale industrial manufacturing. By concentrating her efforts on the urban core of Uganda's capital and the rural development of the northern regions, she established a significant portfolio of assets.
Early Career and Relocation
Born in 1963 in Bungoma, Kenya, she was raised by a mother who worked as a businesswoman. Alongside her sister, she gained early experience in cross-border trade between Kenya and Uganda. After completing accounting school, she operated a hardware store in Bungoma before deciding to relocate to Uganda. Following the stabilization of the country in 1996, she transitioned into the Ugandan market without an existing foundation, utilizing her background in accounting and trade to establish a new hardware venture in Kampala.
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After establishing her presence in Kampala, she expanded into the real estate sector. Her major developments in the capital include the Oasis Shopping Mall and the Nakumatt Mall, both located in the city's central business district. Furthermore, she developed the Laburnam Courts, a luxurious apartment complex situated on Nakasero Hill, adjacent to State House Kampala. In 2008, she received the Woman Investor of the Year Award for her contributions to the evolving skyline of the city.
Industrial Expansion and Horyal Investments
As of February 2018, her business interests are organized under the Horyal Investment Holding Company Limited. This entity manages various firms, including Rabo Enterprises Limited, Kingstone Enterprises Limited, and Kingstone Namanve LCD. Her most ambitious undertaking involves the Atiak Sugar Factory in the Amuru District of Northern Uganda. Launched in 2016, this US$120 million project represents the first large-scale industrial initiative in that region. The factory is structured to involve thousands of local women as sugarcane outgrowers and product distributors, aiming to provide economic development for the area.
Fast facts
- Born: 1963, Bungoma, Kenya
- Citizenship: Somalia
- Primary Field: Entrepreneurship
- Key Real Estate: Oasis Shopping Mall, Kampala
- Industrial Project: Atiak Sugar Factory
- Major Award: Woman Investor of the Year (2008)
Questions readers ask
What is the scale of the Atiak Sugar Factory project?
It is a US$120 million industrial project in Northern Uganda designed to support 6,000 local women.
Which companies fall under her holding group?
Horyal Investment Holding Company Limited manages interests including Rabo Enterprises, Kingstone Enterprises, and Kingstone Namanve LCD.
