Saturday, November 9, 2024
No menu items!
Must Read

Jinja, Uganda – The 4th Bi-Annual CEO Retreat, skillfully organized by the Presidential CEO Forum (PCF), concluded with resounding success, bringing together influential stakeholders to delve into Uganda’s industrialization agenda. Themed ‘Uganda’s Industrialisation Agenda: Positioning Uganda as a net source of E-Mobility Solutions in Africa,’ the CEOs gathered to reflect on achievements and plan for the future. The retreat, held at the illustrious Kiira Vehicle plant in Jinja, provided an exclusive platform for participants to explore the vast potential for transformative growth in the country’s industrial sector.

Picture Credits: PCF

At its core, the retreat highlighted the impressive Kiira Motors Vehicle plant, showcasing state-of-the-art facilities that will encompass an Assembly Shop, Plant Offices, Power and Water Distribution Systems, Waste Management Facilities, Perimeter Fence and Gate Facilities, Drainage System, and Whole Vehicle Test Facilities. This cutting-edge infrastructure undeniably reflects Uganda’s unwavering commitment to nurturing a robust e-mobility sector.

A pivotal focus of the retreat was the plant’s aspiration to source 90% of its components locally, symbolizing Uganda’s strategic emphasis on indigenous procurement. Prioritizing domestic sourcing is expected to stimulate value addition and unlock the full growth potential of the burgeoning e-mobility sector. This forward-thinking approach is set to bolster the nation’s economy, propel job creation, and establish a self-reliant and sustainable manufacturing ecosystem.

During the retreat, President Museveni made significant announcements, disclosing visionary plans for the establishment of two new cement factories in the Karamoja region, facilitated by a private company. These factories hold transformative potential, not only in cement production but also as crucial hubs for clinker manufacturing, a vital raw material in cement production. Currently, Uganda heavily relies on clinker imports from UAE, Kenya, and India, as evidenced by Volza’s Uganda Import data, which recorded imports reaching 1.8K. The decision to establish these factories aligns seamlessly with Uganda’s overarching vision of reducing reliance on foreign sources and fostering self-sufficiency.

Beyond its industrialization focus, the distinguished Presidential CEO Forum (PCF) Retreat cultivated an atmosphere of collaboration and dedication, uniting both the government and private sector in purpose. This synergy among participants lays a robust foundation for a transformative journey towards sustainable economic growth and technological advancement.

- Advertisement -spot_img
- Advertisement -spot_img
Latest News

State House Investors Protection Unit (SHIPU): Guarding the Interests of Investors

World Business Journal talks to Col. Edith Nakalema Asizua, Head of Unit, State House Investors Protection Unit (SHIPU), about establishing accessible reporting channels for investors to address concerns and mitigate risks associated with misconduct.
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img