Musasizi Timothy Karubanga

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Musasizi Timothy Karubanga (born 30 October 1990), known as MK Timothy is an Ugandan angel investor and a serial entrepreneur based in Kampala, Uganda.[1] [2]

Timothy founded Timco Supplies in 2009 and served as its Operations Executive Offficer. He later co-founded Tim Tech Consults Uganda and served as it's Chief Technology Officer.[9]

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A photo of MK Timothy

Early life and education

Timothy was born in Ugandan Eastern town of Mbale to Caleb & Jolly Kyalimpa, popular coffee farmers. He is the second of five siblings with two sisters, Moureen and Racheal, and two brothers, Moses and Hillary. He is an alumnus of Fairway Primary and Our Lady of Africa schools. At the age of 19 years, Timothy reportedly travelled to Japan with the help of Kenji Ekuan, a Japanese industrial designer, best known for creating the design of the Kikkoman soy sauce bottle. This came after a spell of 2 years of gold mining in the Democratic Republic of the Congo.[9]

Career

Starting around 2014, Timothy began buying run-down buildings in the cities Kampala and Mbarara, renovating them and either selling or renting them out to other companies. He also began acquiring strategic pieces of land in Kampala and developing them through construction of residential and commercial buildings, using loans from financial institutions.[9]

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MK Timothy visiting Masada, Israel

MK Timothy’s achievements as an executive and entrepreneur have been widely recognized. Timothy is a 2016 Young Entrepreneur of the Year Award recipient. Around 2017, Timothy expanded buiness ventures including a coffee plantation farm in Masaka-Uganda and mining. He was an initial investor in Stawi foods and fruit, an innovative company that processes banana flour from bananas, sourced from small-scale farmers in rural areas. Timothy has been involved in youth advocacy and from time to time mentors young Africans about entrepreneurship. Musasizi has been honored as one of the Top 100 young economic entrepreneurs in Africa.[9]

The reclusive entrepreneur has been involved in multiple business ventures, in such areas as telecommunications, real estate, and agriculture. In May 2017, Timothy launched a rainwater filtration and bottling company which produces purified water and a variety of dairy products tailored for the Ugandan market.[9]

Honours & Public Recognition

Timothy's philanthropic exploits have earned him wide recognition. The focus of his philanthropic activities covers health and community development projects across Uganda. Timothy has been giving solar lanterns in remote rural Africa regions where there is minimal or no electricity. His organization teaches poor farmers how to use the solar lanterns and boost their earnings. Timothy has donated more than US$900,000 to various projects that have directly improved the lives of his countrymen. The entrepreneur is entrenched in the hearts of many Ugandans as a hero for providing employment and economic opportunities.[9]

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A photo of MK Timothy

Net Worth

Timothy is one of the silent, affluent youth in Uganda whose value is estimated at US$12 million. The former student of the Tokyo Institute of Technology gained wealth before joining the most prestigious university in Tokyo.[10]
In one of the interviews earlier this year, MK Timothy remarked, "Whether you think you can, or you think you can't – you're right." "There is simply no substitute for hard work when it comes to achieving success." "Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do."[10]

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