Ashish Thakkar: Building Africa’s Business Empire with Mara Group
Discover how Ashish Thakkar, founder of Mara Group, built a pan-African business empire and is empowering African entrepreneurs. Explore his journey, innovations, and impact on the continent’s economy.

Reading time: 6 minutes
In Africa’s entrepreneurial landscape, Ashish Thakkar stands as one of the continent’s most inspiring business leaders. As the founder of Mara Group, a diversified business conglomerate spanning technology, real estate, financial services, and manufacturing, Thakkar has built a business empire that showcases the potential of African entrepreneurship. His journey exemplifies vision, resilience, and a commitment to economic development across Africa.
Early Life and Education
Ashish J. Thakkar was born in Uganda in 1981 to a family of entrepreneurs. Growing up during challenging political and economic times, Thakkar developed a strong sense of resilience and resourcefulness. Although he did not pursue formal higher education abroad, he gained practical business experience at a young age, helping to shape his entrepreneurial mindset.
Career Beginnings
Thakkar’s entrepreneurial journey began when he was just 15 years old. He started a small business trading computers and IT equipment in Uganda, recognizing the growing demand for technology solutions in East Africa. His early success laid the foundation for what would become a pan-African business empire.
Founding Mara Group
In 1996, Ashish Thakkar founded Mara Group, a company focused on technology distribution. Over the years, Mara Group expanded into multiple sectors, including:
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Technology: Providing IT infrastructure, software, and digital solutions across Africa.
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Real Estate: Investing in residential, commercial, and mixed-use developments.
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Financial Services: Offering banking, insurance, and fintech solutions.
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Manufacturing and Trade: Building a diversified portfolio to support African industry and commerce.
Mara Group now operates in over 24 African countries, creating thousands of jobs and contributing significantly to economic growth on the continent.
Innovations and Impact
Ashish Thakkar has made significant contributions to Africa’s business and social landscape:
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Entrepreneurship Promotion: Through the Mara Foundation, he supports young African entrepreneurs with mentorship, funding, and resources to grow their businesses.
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Technology Empowerment: Mara Group has helped businesses across Africa adopt modern technology, improving efficiency and competitiveness.
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Philanthropy: Thakkar invests in education, leadership development, and community projects to uplift African communities.
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Global Recognition: He is recognized as one of Africa’s leading business figures and frequently speaks at international forums on entrepreneurship, technology, and development.
Personal Philosophy
Thakkar believes that entrepreneurship is the key to Africa’s growth. He emphasizes resilience, innovation, and giving back to society. His personal mission is to empower African youth to take control of their destinies through education, mentorship, and business.
Net Worth
Ashish Thakkar’s net worth is estimated to be in the hundreds of millions of dollars, reflecting his success with Mara Group and his other ventures. Beyond financial wealth, his legacy lies in the economic empowerment and opportunities he has created for thousands of Africans.
Conclusion
Ashish Thakkar’s story from a teenage entrepreneur in Uganda to a pan-African business leader is a testament to vision, determination, and the transformative power of entrepreneurship. Through Mara Group and his philanthropic efforts, he has helped shape the future of African business, inspiring the next generation of entrepreneurs across the continent.
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