Word: madhvanis
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...enough for all ordinary Ugandans once the Asian merchants who then dominated the economy were thrown out of the country. Amin subsequently expelled nearly all the 71,000 Asians then living in Uganda. In one typical case, says Athmani, a semiliterate Nubian told Amin that he wanted the Madhvani matchbox factory in Jinja. Beholden to the Nubians for support, Amin called the owner of the factory and said that he wanted to see him and his executives in one hour. When they arrived, Amin simply told them that they were out and the Nubians were...
Died. Jayant Madhvani, 49, East African industrialist and, as the oldest of Uganda's Madhvani brothers, head of one of Black Africa's largest family-owned and locally based corporate empires; of a heart attack; in New Delhi. After the death of his father in 1958, Madhvani, an Indian, became the main driving force behind 63 companies worth $56 million in Uganda, Kenya and Tanzania. Credited with building East Africa's first steel mill, the soft-spoken Hindu also served as globetrotting eco-nomic ambassador for the region. "We don't want history...
...biggest industrialists in East Africa are neither black natives nor British settlers but four enterprising Indians-the Madhvani brothers-who run 18 companies worth $30 million in Uganda, Kenya and Tanganyika. They stand at the peak of a bulging settlement of clever, clannish Indians, who came to work on the railroads at the turn of the century and stayed to do well in commerce. Unlike most of the clan, now fearful of the future under independent African rule and sending their savings abroad, the young Madhvanis are determined to remain and are vigorously expanding to prove it. Says the senior...
...family stake was begun by their father, Muljibhai Madhvani, who arrived in Uganda in 1905 to trade in salt, flour and seashells. Eventually he traded up to bicycles and farm tools, plowed the profits into new ventures, and bought the sugar plantation for almost nothing from white landowners afraid of the tsetse fly. Madhvani broke in his sons as plantation laborers and ruled with an iron hand. Jayant recalls that "all our meetings were held over the dinner table, and we never left his presence until 11:30 in the evening." Though he has been dead since 1958, Muljibhai...
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