President Yoweri Kaguta Museveni has today officially commissioned the multi -billion Kiira Vehicle Plant in Jinja City which is operated by Uganda’s mobility industry flagship- Kiira Motors Corporation.
While speaking at the event, President Museveni noted that Uganda’s economy is currently growing at 7% and is expected to exceed 10% once the oil production begins.
The President made it categorically clear that Uganda has a clear vision for what will transform our society and also plan to process rich iron ore reserves into high-quality steel, which will significantly reduce dependence on steel imports that currently cost over US 900 million dollars annually and said that Uganda is fortunate to have some of the best iron ore in the world, located in Kabale and Butogota.
The Kiira Vehicle Plant is a continental landmark, the largest, most competent and most advanced bus manufacturing facility in Africa.
The plant has a comprehensive, end-to-end manufacturing process that includes a Body Shop for frame and body production, a Paint Shop for corrosion protection and decoration, a Chassis Systems Shop for the integration of vital systems that include the steering brake and suspension.
According to Kira Motors Corporation Executives, value addition along the mobility industry value chain , is a strategic move to create backward and forward linkages, reviving Jinja as the Industrial Powerhouse of Uganda with an Industrial Ecosystem positioning Uganda as a Net Source of Mobility Solutions while generating over 14,000 jobs and reducing the national import bill.
