Word: madhvanis
(lookup in dictionary)
(lookup stats)
Dates: during 1963-1963
Sort By: most recent first
(reverse)
...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...
| 1 |