Drake Lubega

He’s one of the biggest property owners, not only in Kampala but across Uganda.

Businessman Drake Lubega has amassed wealth and his valued at over Shs1 trillion.
He is a true mogul.

Drake Lubega ‘owns’ over 16 arcades in Kampala

In Kampala alone, Drake Lubega owns various buildings including; Majestic Plaza, Jesco Plaza(located at formerly DV8), Astoria Plaza (next to former Barclays Luwum Street), Titanic Building at Johnson street, Energy Center, Jesco (near Ham grounds), Eco Plaza, Totale City Plaza, Qualicell Bus Terminal, Jamboli, Pentagon, Atalanta, Mini Price(bought from John Sebalamu), ESCO Plastics(Katonga), City Complex in Kiyembe, Qualicell on William street, and Jesco in Nabugabo among others.

It must be noted that the buildings are so many that some even share names.
For example, he has two buildings under the name Qualicell and three named Jesco.

The name Jesco is derived from his Jesco vaseline and Jesco beauty cream.
Qualicell is from the Qualicell drycells where he was a sole distributor in the country for a lengthy period of time.

Apart from buildings, Drake Lubega owns

other properties including factories in Ntebetebe, Bweyogerere, numerous warehouses, vast land among other properties.

He also owns Elite School in Bwebajja.

Following his refusal to open his arcades as Uganda returns to work following the Covid-19 pandemic, Drake spoke out and said some of the buildings aren’t his.

Tenants at his arcades stormed his office seeking clarity on why he had refused to open up the buildings yet the government had cleared arcades to open.

President Yoweri Museveni in his 17th address to the nation earlier this week regarding the status of COVID-19 cleared the reopening of 110 arcades that had met the given Standard Operating Procedures (SOPs), by Ministry of Health.

However, Drake Lubega didn’t comply, because some of his tenants had allegedly not paid their rent fees, which tempted his tenants to storm his office.

Some of the tenants claimed that Drake Lubega had confiscated their property for failure to pay rent arrears that had accumulated to four months of lockdown.

Responding to this subject, Drake said he actually owns just two of the over 16 buildings he runs.
“I think I own around two buildings but I have bosses who have trusted me and I run their buildings and businesses on their behalf.
I’m a dedicated worker,” Drake told the media.

And now the question on everyone’s mind has been; who is the boss?

Watch this space!

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