Matooke Republic
Sunday, May 11, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

A hawker at university, Magala now owns a beddings shop worth millions

Matooke Republic by Matooke Republic
June 11, 2017
in Business, Featured Stories
Reading Time: 3 mins read
Share on FacebookShare on Twitter

Alex Magala is not one to despise humble beginnings. While pursuing his Bachelor’s degree in Business Administration at Kyambogo University in 2012, the Kira Kito resident turned to hawking to raise the money he needed to cater for his university functional fees.



“I would do everything to see myself through my course. My mother contributed half of my tuition. I had belief in me that I could do something to raise the other half and also buy things like handouts, pay for fieldwork trips and all that,” Alex said.

RELATED POSTS

Equity Bank Uganda commissions 100 top scholars into transformative leadership program, empowering future change-makers across Africa

I&M Bank Mastercard holders to receive up to 15% discount on Kenya Airways flight tickets

All this would not have happened had he not met a friend and Old Boy, Godfrey, who had hawked clothes in the estates in Naalya. He offered him a job- as a hawker.
“Just like my other friends did, I was also close to disregarding his business idea when he approached me but because I was desperate for fees my passion was ignited day after day,” Alex explained.

It seemed tough at the start as he would at often meet friends as he hawked goods and would seek hiding. His weekly labours earned him Shs80,000, even if he would get into class with his body broken. Yet Alex soldiered on and a year later, the then 24-year-old had saved about Shs900,000. He bought his own stock and rented a shop where he began to sell his clothes.

Happy hawker
He gave a few of the clothes to his siblings to hawk (while in their vac) as he continued to work for his friend Godfrey. Unlike his classmates who had to keep calling their parents for tuition, Magala was a happy hawker as he was earning his own cash all through his campus life.

Three years down the road and out university with his degree, Alex was fortunate to secure another a job with one of the mattress companies in Kampala.

“Though I had to quit working for my friend [Godfrey], I did not cast away my stock. The new job was paying me Shs400,000 per month. I increased my stock when I received my first salary and hired more boys to help with hawking my clothes,” he said.

One year working with the mattress company was enough for him to save up about Shs3m and a man with an entrepreneurial flame burning inside him felt it was time to start something new.

“I did not think too hard when it came to opening up another business. I started a beddings shop in Makindye selling mattresses, nets, bed sheets and blankets,” Alex told us.

Everything was looking up at this time, as he was promoted from just being a salesperson to heading the sales department in the mattress company. With a busier schedule, Alex realised it was time to let go of the hawking business and sold off the stock he had left, reinvesting the proceeds as capital in his Shs6m in Makindye. The young businessman has since secured a plot of land in Gayaza and is now looking to set up apartments.




Related

Tags: Biz on a budgetBusinessentreprenuership
Share2Tweet1Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Rain comes with blessings, so here are 6 low-cost businesses that boom during the rainy season

by William Kasoba
2 months ago

...

We must learn to live with Covid and move on with life – Sudhir

by Matooke Republic
5 years ago

...

President Yoweri Kaguta Museveni.

Uganda spends $7 billion per year importing most things that can be made here; Museveni wants that to stop

by Norman Mwambazi
5 years ago

...

Minister of Trade, Industry, and Cooperatives, Hon. Amelia Kyambadde.

Restaurants, arcades, salons, shops, supermarkets should continue to operate as long as they are not in the food market – Trade Minister Amelia Kyambadde

by Norman Mwambazi
5 years ago

...

Revealed: The businesses where tycoon Jack Pemba mints his money

by Matooke Republic
5 years ago

...

Next Post

Cranes beat Cape Verde in Afcon 2019 qualifiers

Buchaman joins Bobi Wine's opponent FDC's Apollo Katinti, says Bobi cannot be trusted

RECOMMENDED

Scholars of the 4th cohort of the Equity Leaders Program and Equity Bank officials pose for a group photo.

Equity Bank Uganda commissions 100 top scholars into transformative leadership program, empowering future change-makers across Africa

May 10, 2025
Anne Kansiime (seated) with the lineup of her roasters for the night.

Anne Kansiime grilled with love and laughter as Uganda Waragi toasts her 10-year journey in comedy

May 10, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Afande Sam Omara.

    Battle-hardened retired police officer Afande Sam Omara is dead

    65 shares
    Share 26 Tweet 16
  • Suspended Police Commander found dead in septic tank at his residence in Kyengera with a rope around his neck

    56 shares
    Share 22 Tweet 14
  • Rajiv Ruparelia’s weeklong wedding on in London  

    86 shares
    Share 34 Tweet 22
  • Tycoon Sudhir Ruparelia gifts son Rajiv a McLaren 765LT Spider valued at about Shs1.7 billion

    87 shares
    Share 35 Tweet 22
  • How to apply for Digital Number Plates for New Vehicle Registrations

    321 shares
    Share 128 Tweet 80
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.