US EditionMuseveni approves Shs 500 billion additional funding for Kiira Motors
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Gov't To Recapitalize Kiira Motors With UGX499bn As Uganda Moves To Produce 10,000 Buses Annually » Business Focus
President Yoweri Museveni sitting in one of the electric busses Government has committed to finance the recapitalization of Kiira motors vehicle manufacturing plant with 143 Million USD (UGX 499.48bn). This commitment was made by President Yoweri Museveni after commissioning the Jinja district’s based Kiira MVP on Friday. His commitment was made in response to the plant’s CEO, Paul Musasizi who informed him on how KMVP had overtime birthed a ser…
Museveni commissions Kiira vehicle plant
President Museveni further revealed how the government intends to expedite iron ore exploration in districts with iron ore deposits to avail high quality steel needed by the Kiira Vehicle Manufacturing Plant and other factories to reduce the USD 900 million spent annually on importation of steel. President Yoweri Kaguta Museveni has commissioned the Kiira Vehicle Plant in Jinja. The plant is the largest vehicle facility in Africa with a comprehe…
President Yoweri Museveni has personally inaugurated the Kiira Vehicle Plant in Jinja. Yoweri Museveni, who is seeking a second term in office, said Uganda’s economy is growing at a rate of 7% and expects that rate to exceed 10% once the country starts extracting and trading petroleum products. “We have a vision that can transform the lives of our people,” he said. President Yoweri Museveni said the plant will help the country process minerals t…
Museveni Opens Kiira Vehicle Plant, Targets Local Steel Production
Jinja – President Yoweri Kaguta Museveni has commissioned the Kiira Vehicle Plant in Jinja, marking a historic milestone for Uganda’s industrialisation and green technology ambitions. The facility, built through a partnership between the National Enterprise Corporation (NEC) and Kiira Motors Corporation (KMC), is the largest and most advanced electric vehicle production plant in Africa. Speaking at the ceremony, President Museveni hailed the pro…
Museveni approves Shs 500 billion additional funding for Kiira Motors
President Yoweri Museveni has approved a financial injection into the local automotive industry, committing to secure an additional $143 million (approximately Shs 500 billion) for the Kiira Vehicle Plant. The government of Uganda has so far invested $ 120 million or about Shs 418billion. The President made the announcement while commissioning the facility in Jinja. The plant is located in the Jinja Industrial and Business Park, in Kagogwa Vill…
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