He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed "unclear debits" in 10 years period. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. [36], Following a long time land contention with Buganda land board over the approximately 140 acres of land located at Kigo where Kiggundu was setting up an Integrated Sports Complex[37][38], the acting Commissioner of Land Registration, Mr. Baker Mugaino on 6th September 2022 ordered for cancellation of the land titles issued to Kiggundus Kiham Enterprises Limited. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. With banks and financiers, it is not about trust or emotions, it is about making business sense. The companies are Ham Enterprises and Kiggs International Uganda Limited. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. [42][43][44] Dissatisfied by the court's order, Buganda Land Board officials resorted to media propaganda, blackmail, spreading falsehood and character assassination[45][46], Kiggundu ventured into agro-business, setting up a $156M a pilot integrated Agro Processing and value addition industrial park with a main goal of promoting agro value addition through assessing, sorting, quality analysis managing, packaging and marketing Ugandan farmer's agro produce domestically through import substitution , regionally and internationally. A Subsidiary of Daily Express Media Ltd. 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Hamis Kiggundu (born February 10, 1984), commonly known as Ham, [1] [2] [3] [4] is a Ugandan businessman, investor, real estate and property developer, philanthropist, [5] author and lawyer. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. Andrew Kayiira. Alykhan Karmali is among the richest people in Uganda born to immigrants. 10 What is the net worth of Hamis Kiggundu? Language links are at the top of the page across from the title. In April 2021, Forbes Magazine Valued his net worth at US$870 million. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). Sudhir has maintained his Forbes net worth of USD 1.2 billion. While his decision to provide cash donations was controversial, Kiggundus intent was to provide a lifeline to those journalists who had been struggling during the pandemic. Besides, Kiggundu has children from other women. Other projects include a charity organization named Ham Foundation that aims at social development. The road to wealth for Kiggundu is quite an interesting one. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. He has invested in multiple industries, and is currently expanding his businesses footprint across the continent. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. KAMPALA - When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. As their businesses thrive, their net wealth will continue to increase. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. The road to wealth for Kiggundu is quite an interesting one. ", "NCDC adopts businessman Ham Kiggundu's book for schools", https://www.amazon.com/SUCCESS-FAILURE-BASED-REASON-REALITY/dp/1719869545, "KIND-HEARTED: TYCOON HAMIS KIGGUNDU ANSWERS M7'S CALL, GIVES GOV'T 100M TO FEED THE HUNGRY DURING LOCKDOWN", "Charity: Tycoon Hamis Kiggundu donates 200 bicycles to Rural Clerics", "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy", "UJA to Support Journalists with Foodstuff", "Real Muloodi Hamis Kiggundu Donates UGX. [29][30][31], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (UShs34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. I chose those specific items because it was those commodities that my parents were dealing in then. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. [1] [2] Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. [19], In June 2017, construction works kick-started and the stadium took shape. $113.476 billion (PPP, 2020 est.) He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30 million (UShs 34.29 billion and US$23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. 6. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. Kiggundus story is one of hard work, determination and sheer ambition. He also gave a hint on this plan while launching his book, Reason as the World Masterpiece in Kampala in March 2021 and also wrote about it in the book. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. [22][23][24], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (USh34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. [8], In June 2018 Kiggundu wrote Success and Failure Based on Reason and Reality which advises on financial success and the need to have a sense of purpose. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. Ham Group of Companies [1] is a Ugandan Multinational corporation privately owned conglomerate, founded by Hamis Kiggundu who is the majority share holder in each of the companies in the group. His story is one of strength, perseverance and a commitment to personal values, and his life is an example for all that success is achievable through determination and dedication. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. It is now host to several sporting events, including the local league. What are some of your top people management tips for first-time managers? In July 2021, Kiggundu donated to the Uganda Government a total of Shs 530 Million to help in the purchase ofCOVID-19 vaccinedoses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. Hamis Kiggundu is in a relationship with Martha Ainomugisha. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. It was exciting. I was born to Mr. Segawa Haruna and Mrs. Nakayiza Jalia on Feb. 10, 1984, and was raised in the small village of Kalungu, Uganda, which is in East Africa. Ham Palm Villas, Kiham Enterprises, Kiggs International Ltd and Ham Cinemas are also divisions of the conglomerate, offering a range of professional services in their respective industries. These businessmen have made their wealth by investing in different sectors. Retrieved 2020-06-19. Exploring the Possible Causes and Judith Babirye: Gospel singer speaks out on why she fled her Prophet Samuel Kakande: Biography, Son, Wife, Family and Church, Apostle Grace Lubega: Biography, Wife, Family and Christian Ministry. In addition to Sudhir Ruparelia , Ham is also rated as one of the wealthiest Ugandans with an estimated net worth of $870M as of March 2021 by Forbes. 4.03. [6] Uganda is an East African country with a thriving economy. Thereafter, Makerere University Kampala from where he graduated with a Bachelor of Laws and later the Law Development Centre (LDC) graduating with a diploma in legal practice. Ugandan business magnate, Internet entrepreneur, philanthropist, and author At the time of its inception, the Ham Group was a small trading enterprise trading in garments, ladies bags, and other related textiles. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed unclear debits in 10 years period. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. Before he knew it, he was selling . It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. In 2017, the Ugandan government entered into a joint venture with Ham Group to effect major renovations at the stadium, involving an improvement to grounds, increasing seating from 30,000 to 35,000 and constructing retail shops inside the outside walls of the facility. This came as a recognition of his contribution to the countrys economic progress. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. Kiggundus hard work is certainly paying off. However, real estate remains the backbone still holding his wealthy position. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. Why did you choose to trade in those specific items at the time? But it was really Kiggundus move into the banking sector that sealed his fortune. [48][49] [50][51][51], The pilot project of the Ham Integrated Agro-Processing Industries in the Central region of Uganda which also the Headquarters the entire 10 projects located in Akright City, the Entebbe Express road based industrial complex. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. I prefer to focus on the present and the future because challenges and mistakes are only a stepping stone forward as they give me the ability never to make the same mistakes again. Harunas aim is to turn the Kisenyi surbubs onto a new Kampala since the population is already there he is mainly based in agro markets for agro stores for all agro produce in uganda. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. His initiative to urge others to join him in this mission of goodwill is also a major positive, as his selfless act of charity has had a ripple effect across the country. Hamis Kiggundu USD 870m Tycoon Hamis Kiggundu This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. His willingness to donate to the government for the purchase of vaccine doses and to call on other wealthy Ugandans to get involved has demonstrated a profound sense of commitment to the community, and proves the power of generosity in no small way. He is building warehouses for agro produce sales and rents them out. In 2015, Ugandan President Yoweri Museveni tasked Hamis Kiggundu with the ambitious project of redeveloping and upgrading the Nakivubo Stadium into a modern sports facility. Current pictures Ham's Residence, home of Hamis Kiggundu, C.E.O of Ham Enterprises (U) Ltd show that the posh residence is not in any danger. John Bosco Muwonge tops the list of richest people in Uganda in 2022. [35] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. $36.484 billion (nominal, 2020 est.) Muwonge makes all the money and takes it all. Kiggundu was up to the challenge, however. Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. After all, no man is an island. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. [56][57], Hamz Subsidiaries and platforms include: Hamz App, Hamz Pay, Hamz Wave, Hamz Chart, HamPLine, Hamz Club, Hamz E Mall, Hamz Agro and Hamz Campus . Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. He is worth USD1 billion. This gave me the opportunity to test the entrepreneurial waters. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. What are some of the flagship properties you own there, and what prompted you to look to the west for your companys growth? [21], In July 2021, Kiggundu donated to the Uganda Government a total of USh530million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. Mohammed Hamid is one of the youngest people in Uganda to be worth millions of dollars, and he is thought to be one of the richest people in the world. Born in 1984 and raised in a Muslim family. "For those seeking to support us, they can just place their order on www.totosci.net, and delivery is done either the same day or the following day. [58][59][11][5], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. In conclusion, Hamis Kiggundu is to be commended for his tireless efforts in donating food relief and money to help Ugandas COVID-19 task force and journalists. The Book became a bestseller in Uganda and by December 2018. Hamis Kiggundu has handled various projects including Nakivubo Stadium redevelopment and upgrade, renamed Nakivubo Memorial Stadium and expands sitting capacity from 30,000 to 35000. 132 ratings17 reviews. Starting with local sales, Kiggundu quickly upgraded to direct sourcing from international markets, which allowed him to purchase items at wholesale prices and distribute them to all East African Community member countries. Kiggundu was not done yet, however. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. . The mansion was described as "palatial" by the Uganda Times. 3,500. With the lessons he learned from his first projects, Kiggundu was able to move on to bigger projects and further success in the real estate industry. [19] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[20] but was also criticized for providing cash handouts to journalists. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. In April 2020 Hamis Kiggundu donated food relief to UgandasCOVID-19 task forceplus food supplies to over 100 Ugandan journalists through the Uganda Journalists Association (UJA), cash handouts to journalists for which he was criticized of. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. He wanted to make sure that the stadium was accessible to not only athletes and fans, but also to individuals and community groups who wanted to make use of the space. Two decades ago, his father provided him with capital to start a trading business. Christine Nabukeera is known among the rich circles as Senga Nabukeera. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Hamis Kiggundu commonly known as Ham,[2][3][4][5] born February 10, 1984 in Masaka, is a Ugandan based international businessman, investor, real estate and property developer, philanthropist,[6] author and lawyer. This page was last edited on 12 February 2023, at 09:46. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. Kiggundus donations have made a huge difference in helping to protect and aid Uganda citizens both during the COVID-19 pandemic and beyond, and for that he deserves immense praise. There are many positives to be taken away from his story, and hopefully it will be an inspiration for others to learn from and achieve something similar. He is the CEO of the Ham Group of Companies. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. By the time he was 28, Kiggundu had obtained a prestigious legal qualification, earned the respect of the community, taken on a leadership role in Masaka and become a role model for other young people. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. Background Its international presence in five countries is testament to this ambition. Later, I attended Makerere University and graduated with a bachelor of laws. Your group employs more than 7,000 people all in. Ham Enterprises also has a property portfolio in the United States and UK. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. Hamis Kiggundu is a powerful testament to the power of dreaming big and having the courage to aim for the stars. In my view, one can only reasonably benefit from banks if they hold relatively equal or reasonable bargaining positions to negotiate fair interest rates and fair trading terms. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. Bebe Cool - $2.6 million. The Ham Group is one of the largest conglomerates in Uganda, with presence in 5 international countries, including The United Arab Emirates, South Africa, United Kingdom, United States and Canada. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Who designed the Uganda flag? Sudhir Ruparelia, Ugandas richest man with a $1.1 billion net worth in 2012, is the chairman and founder of The Ruparelia Group, Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. What motivates your philanthropy, and what are some of the other charitable projects dearest to your heart? His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. On November 3, 2022, Court terminated the cancellation of the said titles. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. It comes fully equipped with its helipad and will be a regional tourist attraction. Like I said, I started small with reasonable startup capital from my parents reasonable in the sense that it was not too much for me to simply spend it on my personal needs then as a young man, nor was it too small for me not to start. His net worth was about $1.2 billion as of 2019. 11 Which tribe is the poorest in Uganda? Banks are equally driven by a profit motive just like private companies. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. Yes, I did follow in my fathers footsteps because he is equally a businessman. April 26, 2020 0 682 Less than a minute Hamis Kiggundu aka Ham's residence is not in danger despite raising Lake Victoria water levels. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. I own and fully finance a charity organization operating as Ham Foundation. After Ham Towers, I had mastered the game of commercial real estate. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. It stands useless if it cant save peoples lives. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . [55], In April 2021, Kiggundu ventured into Internet entrepreneurship with Hamz Link an internet based company operating a number of subsidiaries through different web and mobile based platforms ranging from; Education, Communication, Online Shopping, Online Payment, Video hosting and Entertainment sectors. I, therefore, invested in research, and divided Uganda into 10 agro-zones depending on the different agro-products coming from all different parts of Uganda. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. If you think your bankers are your friends, then youre mistaken; those are your business partners. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Mesach Semakula - $560,000. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. Apart from his business acumen, Kiggundu is also a renowned philanthropist and has dedicated a significant part of his life to helping and uplifting the lives of those in his motherland. Uganda is an agro-based economy with a very good climate, fertile soils and a young energetic population that survives on imported goods that are always processed from our own agro-produce that we export as raw materials at very low cost compared to the processed imports that we usually buy expensively. [25], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. The president wanted to see a modern sports facility of the times. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala. He stands out as a beacon of light for the youth of Uganda, giving them hope that, with the right mindset and ambition, anyone from any background can be successful. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. The 31-year-old billionaire who owns Ham Towers opposite Makerere University main gate and now has a mega home at the shores of Lake Victoria started making money after his years at University. With its focus on customer service, profitability and sustainability, The Ham Group is set to remain an important force in Uganda and internationally for years to come. He is the chairman and principal stakeholder of the Ruparelia Group's firms. [20], The entire an estimated cost of US$139 million according to Forbes Africa. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. Success and Failure Based on Reason and Reality, Mauritian banker Pierre Guy Noel to pocket $291,520 in final dividend from MCB Group, Arnaud Dalais-led CIEL Limited posts $10.45-million full-year profit, as earnings rebound, Ugandas richest man demands $8.66 million rent arrears from dfcu, How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion, Transcorps market cap up by $55 million following Femi Otedolas acquisition, Aliko Dangote hits $20-billion net worth, joining elite ranks of worlds billionaires, James Mwangis Equity Group invests $76.7 million in Congo unit. Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. Ham was born and raised in an Islamic home. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. He also added several new stands and a modern scoreboard. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. Number of employees. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. Under his leadership, the company has grown exponentially over the past few years, firmly establishing itself as a major player in the business and real estate space. ADVERTISEMENT Eyewitness? It is also inspiring to see a man from humble beginnings, having created such a great amount of wealth for himself and is now looking to give back to society. [28], In July 2021, Kiggundu donated to the Uganda Government a total of USh530million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. 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